People order breakfast at Bill Smith's Cafe, after Texas Governor Greg Abbott issued a rollback of coronavirus disease (COVID-19) restrictions in McKinney, Texas, March 10, 2021.
Shelby Tauber | Reuters
Since the World Health Organization declared the coronavirus a pandemic one year ago Thursday, new Yelp data showed nearly a half million businesses opened in America during that time, an optimistic sign of the state of the U.S. economic recovery.
Between March 11, 2020 and March 1, 2021, Yelp has seen more than 487,500 new businesses listing on its platform in the United States. That's down just 14% compared with the year-ago period. More than 15% of the new entities were restaurant and food businesses.
The novel coronavirus, first discovered in China, is believed to have surfaced in Wuhan in late 2019, before spreading rapidly around the world, infecting 118 million people and causing 2.6 million deaths, according to data from Johns Hopkins University.
Virus mitigation efforts in nations all over the world, including the U.S., have ranged from full lockdowns to partial closures to reduced capacity of nonessential businesses and services. Masks and social distancing have been a hallmark of the pandemic. The economic damage from the crisis was swift.
However, according to data compiled by Yelp, which has released local economic impact reports all throughout pandemic, more than 260,800 businesses that had closed due to Covid restrictions, reopened from March 11, 2020 until March 1. About 85,000 of them were restaurant and food businesses.
Justin Norman, vice president of data science at Yelp, sees optimism in the numbers.
"As more and more Americans continue to get vaccinated, case counts continue to lower, and Congress' Covid relief bill that offers additional aid is distributed, we anticipate businesses that were once struggling over the last year will bounce back," Norman told CNBC. "We see this evidenced through the 260,000 businesses that have been able to reopen after temporarily closing."
Of the almost half million new businesses that have opened, about 59% were within the "professional, local, home and auto" category on Yelp.
"The number of new business openings particularly the high number of new home, local, professional and auto services businesses also shows great potential for those industries in the future," Norman said.
Yelp said that certain trends borne out of the pandemic may be here to stay. As consumers spend more time at home, Yelp noted an uptick in interest in home improvement. The company saw that average review mentions for home office renovation increased by 75% year over year and bathroom renovations rose by 80%.
"I anticipate that we'll still see people invest in higher-quality home offices or improving their homes," Norman said. "With warmer summer months coming and the number of vaccines being administered continuing to increase, people who aren't planning to return to the office this year may focus on more home improvement projects."
Yelp's new business data also shows the restrictions brought on by the pandemic accelerated the need for businesses to adapt by using technology and changing the ways they interact with their customers.
Of the new business openings, the number of food trucks climbed 12% and food delivery businesses were up 128%."The increase in food delivery services would have easily been predicted, although we may not have predicted they would stay on the rise a year later," Norman said.
He also said he was surprised by how local businesses have incorporated the tools technology offers. "It's been incredibly impressive and encouraging to see how much local businesses, both in large cities and smaller towns, have embraced technology to serve customers during this challenging time."
Yelp also saw changes in the ways companies specifically interacted with its app. In 2020, 1.5 million businesses updated their hours through Yelp, 500,000 indicated that they were offering virtual services, and more than 450,000 businesses crafted a custom message at the top of their page, to speak directly to customers.
In addition to the positive data about food delivery and restaurants, Norman was surprised to see some trends through the year that indicated a change in how consumers engaged with everyday life. Yelp saw that consumer interest in psychics increased 74% year over year and astrologers rose by 63%. Yelp measures consumer interest in page views, posts, or reviews.
"It was also surprising to find that consumer interest in notaries were up 52% on Yelp, as many federal and state rules allowed remote notarization," Norman said. "While Yelp data can't provide an in-depth look into what people were notarizing over the last year, Yelp data does show a trend of couples holding smaller, more intimate weddings, instead of more traditional large wedding celebrations, as well as the housing market seeing an astounding demand coupled with low interest rates and housing prices in certain markets."
A year on, it's clear that the businesses that have survived have had to find new ways to operate, and that many of the changes will be permanent."We've seen more and more businesses embrace app-enabled delivery, software tools like reservations and waitlist and consumer-oriented communications tools like the Covid health and safety measures. The digital local business is here to stay," Norman said.
See more here:
Yelp data shows almost half a million new businesses opened during the pandemic - CNBC
- Global Data Science Platform Market Report 2020 Industry Trends, Share and Size, Complete Data Analysis across the Region and Globe, Opportunities and... [Last Updated On: November 11th, 2020] [Originally Added On: November 11th, 2020]
- Data Science and Machine-Learning Platforms Market Size, Drivers, Potential Growth Opportunities, Competitive Landscape, Trends And Forecast To 2027 -... [Last Updated On: November 11th, 2020] [Originally Added On: November 11th, 2020]
- Industrial Access Control Market 2020-28 use of data science in agriculture to maximize yields and efficiency with top key players - TechnoWeekly [Last Updated On: November 11th, 2020] [Originally Added On: November 11th, 2020]
- IPG Unveils New-And-Improved Copy For Data: It's Not Your Father's 'Targeting' 11/11/2020 - MediaPost Communications [Last Updated On: November 11th, 2020] [Originally Added On: November 11th, 2020]
- Risks and benefits of an AI revolution in medicine - Harvard Gazette [Last Updated On: November 11th, 2020] [Originally Added On: November 11th, 2020]
- UTSA to break ground on $90 million School of Data Science and National Security Collaboration Center - Construction Review [Last Updated On: November 11th, 2020] [Originally Added On: November 11th, 2020]
- Addressing the skills shortage in data science and analytics - IT-Online [Last Updated On: November 11th, 2020] [Originally Added On: November 11th, 2020]
- Data Science Platform Market Research Growth by Manufacturers, Regions, Type and Application, Forecast Analysis to 2026 - Eurowire [Last Updated On: November 11th, 2020] [Originally Added On: November 11th, 2020]
- 2020 AI and Data Science in Retail Industry Ongoing Market Situation with Manufacturing Opportunities: Amazon Web Services, Baidu Inc., BloomReach... [Last Updated On: November 11th, 2020] [Originally Added On: November 11th, 2020]
- Endowed Chair of Data Science job with Baylor University | 299439 - The Chronicle of Higher Education [Last Updated On: November 11th, 2020] [Originally Added On: November 11th, 2020]
- Data scientists gather 'chaos into something organized' - University of Miami [Last Updated On: November 11th, 2020] [Originally Added On: November 11th, 2020]
- AI Update: Provisions in the National Defense Authorization Act Signal the Importance of AI to American Competitiveness - Lexology [Last Updated On: January 12th, 2021] [Originally Added On: January 12th, 2021]
- Healthcare Innovations: Predictions for 2021 Based on the Viewpoints of Analytics Thought Leaders and Industry Experts | Quantzig - Business Wire [Last Updated On: January 12th, 2021] [Originally Added On: January 12th, 2021]
- Poor data flows hampered governments Covid-19 response, says the Science and Technology Committee - ComputerWeekly.com [Last Updated On: January 12th, 2021] [Originally Added On: January 12th, 2021]
- Ilia Dub and Jasper Yip join Oliver Wyman's Asia partnership - Consultancy.asia [Last Updated On: January 12th, 2021] [Originally Added On: January 12th, 2021]
- Save 98% off the Complete Excel, VBA, and Data Science Certification Training Bundle - Neowin [Last Updated On: January 12th, 2021] [Originally Added On: January 12th, 2021]
- Data Science for Social Good Programme helps Ofsted and World Bank - India Education Diary [Last Updated On: January 12th, 2021] [Originally Added On: January 12th, 2021]
- Associate Professor of Fisheries Oceanography named a Cooperative Institute for the North Atlantic Region (CINAR) Fellow - UMass Dartmouth [Last Updated On: January 12th, 2021] [Originally Added On: January 12th, 2021]
- Rapid Insight To Host Free Webinar, Building on Data: From Raw Piles to Data Science - PR Web [Last Updated On: January 12th, 2021] [Originally Added On: January 12th, 2021]
- This Is the Best Place to Buy Groceries, New Data Finds | Eat This Not That - Eat This, Not That [Last Updated On: January 12th, 2021] [Originally Added On: January 12th, 2021]
- Which Technology Jobs Will Require AI and Machine Learning Skills? - Dice Insights [Last Updated On: January 12th, 2021] [Originally Added On: January 12th, 2021]
- Companies hiring data scientists in NYC and how much they pay - Business Insider [Last Updated On: January 12th, 2021] [Originally Added On: January 12th, 2021]
- Calling all rock stars: hire the right data scientist talent for your business - IDG Connect [Last Updated On: January 12th, 2021] [Originally Added On: January 12th, 2021]
- How Professors Can Use AI to Improve Their Teaching In Real Time - EdSurge [Last Updated On: January 12th, 2021] [Originally Added On: January 12th, 2021]
- BCG GAMMA, in Collaboration with Scikit-Learn, Launches FACET, Its New Open-Source Library for Human-Explainable Artificial Intelligence - PRNewswire [Last Updated On: January 12th, 2021] [Originally Added On: January 12th, 2021]
- Data Science Platform Market Insights, Industry Outlook, Growing Trends and Demands 2020 to 2025 The Courier - The Courier [Last Updated On: January 31st, 2021] [Originally Added On: January 31st, 2021]
- UBIX and ORS GROUP announce partnership to democratize advanced analytics and AI for small and midmarket organizations - PR Web [Last Updated On: January 31st, 2021] [Originally Added On: January 31st, 2021]
- Praxis Business School is launching its Post Graduate Program in Data Engineering in association with Knowledge Partners - Genpact and LatentView... [Last Updated On: January 31st, 2021] [Originally Added On: January 31st, 2021]
- What's So Trendy about Knowledge Management Solutions Market That Everyone Went Crazy over It? | Bloomfire, CSC (American Productivity & Quality... [Last Updated On: January 31st, 2021] [Originally Added On: January 31st, 2021]
- Want to work in data? Here are 6 skills you'll need Just now - Siliconrepublic.com [Last Updated On: January 31st, 2021] [Originally Added On: January 31st, 2021]
- Data, AI and babies - BusinessLine [Last Updated On: January 31st, 2021] [Originally Added On: January 31st, 2021]
- Here's how much Amazon pays its Boston-based employees - Business Insider [Last Updated On: January 31st, 2021] [Originally Added On: January 31st, 2021]
- Datavant and Kythera Increase the Value Of Healthcare Data Through Expanded Data Science Platform Partnership - GlobeNewswire [Last Updated On: January 31st, 2021] [Originally Added On: January 31st, 2021]
- O'Reilly Analysis Unveils Python's Growing Demand as Searches for Data Science, Cloud, and ITOps Topics Accelerate - Business Wire [Last Updated On: January 31st, 2021] [Originally Added On: January 31st, 2021]
- Book Review: Hands-On Exploratory Data Analysis with Python - insideBIGDATA [Last Updated On: January 31st, 2021] [Originally Added On: January 31st, 2021]
- The 12 Best R Courses and Online Training to Consider for 2021 - Solutions Review [Last Updated On: January 31st, 2021] [Originally Added On: January 31st, 2021]
- Software AG's TrendMiner 2021.R1 Release Puts Data Science in the Hands of Operational Experts - Yahoo Finance [Last Updated On: January 31st, 2021] [Originally Added On: January 31st, 2021]
- The chief data scientist: Who they are and what they do - Siliconrepublic.com [Last Updated On: January 31st, 2021] [Originally Added On: January 31st, 2021]
- Berkeley's data science leader dedicated to advancing diversity in computing - UC Berkeley [Last Updated On: January 31st, 2021] [Originally Added On: January 31st, 2021]
- Awful Earnings Aside, the Dip in Alteryx Stock Is Worth Buying - InvestorPlace [Last Updated On: February 12th, 2021] [Originally Added On: February 12th, 2021]
- Why Artificial Intelligence May Not Offer The Business Value You Think - CMSWire [Last Updated On: February 12th, 2021] [Originally Added On: February 12th, 2021]
- Getting Prices Right in 2021 - Progressive Grocer [Last Updated On: February 12th, 2021] [Originally Added On: February 12th, 2021]
- Labelbox raises $40 million for its data labeling and annotation tools - VentureBeat [Last Updated On: February 12th, 2021] [Originally Added On: February 12th, 2021]
- How researchers are using data science to map wage theft - SmartCompany.com.au [Last Updated On: February 12th, 2021] [Originally Added On: February 12th, 2021]
- Ready to start coding? What you need to know about Python - TechRepublic [Last Updated On: February 12th, 2021] [Originally Added On: February 12th, 2021]
- Women changing the face of science in the Middle East and North Africa - The Jerusalem Post [Last Updated On: February 12th, 2021] [Originally Added On: February 12th, 2021]
- Mapping wage theft with data science - The Mandarin [Last Updated On: February 12th, 2021] [Originally Added On: February 12th, 2021]
- Data Science Platform Market 2021 Analysis Report with Highest CAGR and Major Players like || Dataiku, Bridgei2i Analytics, Feature Labs and More KSU... [Last Updated On: February 12th, 2021] [Originally Added On: February 12th, 2021]
- Data Science Impacting the Pharmaceutical Industry, 2020 Report: Focus on Clinical Trials - Data Science-driven Patient Selection & FDA... [Last Updated On: February 12th, 2021] [Originally Added On: February 12th, 2021]
- App Annie Sets New Bar for Mobile Analytics with Data Science Innovations - PRNewswire [Last Updated On: February 12th, 2021] [Originally Added On: February 12th, 2021]
- Data Science and Analytics Market 2021 to Showing Impressive Growth by 2028 | Industry Trends, Share, Size, Top Key Players Analysis and Forecast... [Last Updated On: February 12th, 2021] [Originally Added On: February 12th, 2021]
- How Can We Fix the Data Science Talent Shortage? Machine Learning Times - The Predictive Analytics Times [Last Updated On: February 14th, 2021] [Originally Added On: February 14th, 2021]
- Opinion: How to secure the best tech talent | Human Capital - Business Chief [Last Updated On: February 14th, 2021] [Originally Added On: February 14th, 2021]
- Following the COVID science: what the data say about the vaccine, social gatherings and travel - Chicago Sun-Times [Last Updated On: February 14th, 2021] [Originally Added On: February 14th, 2021]
- Automated Data Science and Machine Learning Platforms Market Technological Growth and Precise Outlook 2021- Microsoft, MathWorks, SAS, Databricks,... [Last Updated On: February 14th, 2021] [Originally Added On: February 14th, 2021]
- 9 investors discuss hurdles, opportunities and the impact of cloud vendors in enterprise data lakes - TechCrunch [Last Updated On: February 14th, 2021] [Originally Added On: February 14th, 2021]
- Rapid Insight to Present at Data Science Salon's Healthcare, Finance, and Technology Virtual Event - PR Web [Last Updated On: February 14th, 2021] [Originally Added On: February 14th, 2021]
- Aunalytics Acquires Naveego to Expand Capabilities of its End-to-End Cloud-Native Data Platform to Enable True Digital Transformation for Customers -... [Last Updated On: February 22nd, 2021] [Originally Added On: February 22nd, 2021]
- Tech Careers: In-demand Courses to watch out for a Lucrative Future - Big Easy Magazine [Last Updated On: February 22nd, 2021] [Originally Added On: February 22nd, 2021]
- Willis Towers Watson enhances its human capital data science capabilities globally with the addition of the Jobable team - GlobeNewswire [Last Updated On: February 22nd, 2021] [Originally Added On: February 22nd, 2021]
- Global Data Science Platform Market 2021 Industry Insights, Drivers, Top Trends, Global Analysis And Forecast to 2027 KSU | The Sentinel Newspaper -... [Last Updated On: February 22nd, 2021] [Originally Added On: February 22nd, 2021]
- A Comprehensive Guide to Scikit-Learn - Built In [Last Updated On: February 22nd, 2021] [Originally Added On: February 22nd, 2021]
- Industry VoicesBuilding ethical algorithms to confront biases: Lessons from Aotearoa New Zealand - FierceHealthcare [Last Updated On: February 22nd, 2021] [Originally Added On: February 22nd, 2021]
- How Intel Employees Volunteered Their Data Science Expertise To Help Costa Rica Save Lives During the Pandemic - CSRwire.com [Last Updated On: February 22nd, 2021] [Originally Added On: February 22nd, 2021]
- Learn About Innovations in Data Science and Analytic Automation on an Upcoming Episode of the Advancements Series - Yahoo Finance [Last Updated On: February 22nd, 2021] [Originally Added On: February 22nd, 2021]
- Symposium aimed at leveraging the power of data science for promoting diversity - Penn State News [Last Updated On: February 22nd, 2021] [Originally Added On: February 22nd, 2021]
- Rochester to advance research in biological imaging through new grant - University of Rochester [Last Updated On: February 22nd, 2021] [Originally Added On: February 22nd, 2021]
- SoftBank Joins Initiative to Train Diverse Talent in Data Science and AI - Entrepreneur [Last Updated On: February 22nd, 2021] [Originally Added On: February 22nd, 2021]
- Participating in SoftBank/ Correlation One Initiative - Miami - City of Miami [Last Updated On: February 22nd, 2021] [Originally Added On: February 22nd, 2021]
- Increasing Access to Care with the Help of Big Data | Research Blog - Duke Today [Last Updated On: February 22nd, 2021] [Originally Added On: February 22nd, 2021]
- Heres how Data Science & Business Analytics expertise can put you on the career expressway - Times of India [Last Updated On: March 14th, 2021] [Originally Added On: March 14th, 2021]
- Postdoctoral Position in Transient and Multi-messenger Astronomy Data Science in Greenbelt, MD for University of MD Baltimore County/CRESST II -... [Last Updated On: March 14th, 2021] [Originally Added On: March 14th, 2021]
- DefinedCrowd CEO Daniela Braga on the future of AI, training data, and women in tech - GeekWire [Last Updated On: March 14th, 2021] [Originally Added On: March 14th, 2021]
- Gartner: AI and data science to drive investment decisions rather than "gut feel" by mid-decade - TechRepublic [Last Updated On: March 14th, 2021] [Originally Added On: March 14th, 2021]
- Jupyter has revolutionized data science, and it started with a chance meeting between two students - TechRepublic [Last Updated On: March 14th, 2021] [Originally Added On: March 14th, 2021]
- Working at the intersection of data science and public policy | Penn Today - Penn Today [Last Updated On: March 14th, 2021] [Originally Added On: March 14th, 2021]
- The Future of AI: Careers in Machine Learning - Southern New Hampshire University [Last Updated On: April 4th, 2021] [Originally Added On: April 4th, 2021]
- SMU meets the opportunities of the data-driven world with cutting-edge research and data science programs - The Dallas Morning News [Last Updated On: April 4th, 2021] [Originally Added On: April 4th, 2021]
- Data, Science, and Journalism in the Age of COVID - Pulitzer Center on Crisis Reporting [Last Updated On: April 4th, 2021] [Originally Added On: April 4th, 2021]
- Time to insight over precision - Tableau brings data science to business users - Diginomica [Last Updated On: April 4th, 2021] [Originally Added On: April 4th, 2021]