40% of DC restaurants likely to close by the end of the year, survey shows

By the numbers:

The Restaurant Association of Metropolitan Washington surveyed more than 200 restaurants in January and February.

The survey shows that two in five, or 40%, of full-service casual places said the year likely to close in the coming year.

62% of restaurants surveyed reported lower profits in 2024.

Last year, D.C. saw it's highest number of restaurant closures – but also the highest number of openings.

Dig deeper:

RAMW tells FOX 5 that as diners choose to stay home amid inflation, keeping up with labor costs is also a big concern.