A recent report by Yelp found that U.S. business openings are on track to break last year's record, driven in part by increased restaurant growth.The research showed that restaurants saw a 12 percent increase in new business openings for January to July compared to the same period last year. The category labeled "food businesses" witnessed an 18 percent rise, and bars/nightlife experienced a 15 percent jump. Leading all segments was hotels and travel, which felt a 39 percent jump versus 2022.
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