Demand for Dining in Restaurants in San Antonio and Texas

The Federal Reserve Bank of Dallas publishes a monthly report on San Antonio economic indicators, and in its most recent report, they published the following chart showing the fluctuations in restaurant reservations compared to 2019 in San Antonio and Texas. As they note, the demand for dining in restaurants fluctuates directly with the number of COVID cases, which accounts for the softening trend since June with the exception of the spike over Labor Day weekend. Another interesting trend the graph shows is the separation between dining demand in San Antonio and Texas over this past summer. Throughout the time period covered by the graph, the changes in San Antonio and Texas tracked very closely, but it seems the large amount of tourist activity in San Antonio over the summer generated a surge in demand for dining at restaurants in San Antonio over this past summer that was considerably larger than the activity across the state. It looks like the trend lines are back to moving more closely together following the Labor Day weekend and the return to school.