U.S. Full Service Restaurant Transaction Volumes Climb Dramatically in Second Quarter

TableSafe, Inc. today shared insight into customer payment transaction data indicating that the recovery of the full-service restaurant industry continued in the second quarter of 2021. TableSafe’s data, gathered from full-service restaurants across the United States, reveals that customer transaction volume increased 47% over the first quarter of 2021. Additionally, transaction revenue increased 55% from the first quarter of the year.

“Even though many states are still working towards being fully re-opened, our data illustrate that full-service restaurants are seeing a steady recovery,” said Gordon Gardiner, CEO of TableSafe. “We’re seeing restaurants making dramatic increases in both transaction revenue and volume, indicating a slow climb back to pre-pandemic levels.”

TableSafe’s data align with a recent report from the National Restaurant Association stating that sales at eating and drinking places escalated in June, with total sales reaching $70.6 billion on a seasonally-adjusted basis - the highest level since February 2020.

“While the recovery is still a work in progress, these numbers are very encouraging for the industry,” Gardiner said. “Our customers are getting back on their feet, and we’re proud to be playing a role by helping them provide a superior dining experience that brings people back.”

TableSafe’s mobile table pay solution is used in full-service restaurants across the country including in 20 of the 30 most populous states, representing approximately 75% of the country’s population.

“The pent-up demand for socialization and the hospitality experience is clearly evident,” said Jeremy Watkins, Director of IT at The Brigantine, Inc. “Dining out is a big part of returning to pre-pandemic life, and we’re honored to provide guests with the experience that they so value - and have dearly missed. The payment process is an important part of that ultimate dining experience, making TableSafe a critical component to our overall operation.”