Late-Night Dining Drops as Costs Rise and Habits Change

• Number of 24/7 restaurants fell 18% from 2020-2024, with big drops in NYC (13%), LA (35%), and Chicago (10%)

• Labor shortages and higher wages make staffing overnight shifts challenging

• Food costs up 25% since March 2020, while wages in hospitality up 29%

• Consumer habits changed - earlier dinner times, less late night bar-hopping and drinking

• Safety concerns in some cities prompted earlier closing times to reduce crime and noise