Transaction Volumes Continue to Climb for Full-Service Restaurants

TableSafe, Inc., a leading innovator of pay-at-the-table technology designed for the hospitality industry, 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 percent over the first quarter of 2021. Additionally, transaction revenue increased 55 percent 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,” says 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 says. “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 percent of the country’s population.

“The pent-up demand for socialization and the hospitality experience is clearly evident,” says 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.”

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