Restaurants are Digitizing

Off-premise sales (food not consumed in the restaurant) are the fastest and (by some estimates, only) growing segment of restaurant industry revenues. Combined, delivery and pickup (including drive-thru) are expected to eclipse $400B in the US by 2022 with third-party delivery (3PD) representing more than 10% of the total and growing in excess of 40% year-over-year.

https://medium.thanx.com/four-horsemen-restaurant-apocalypse-64947b3d9657

William Blair

https://williamblair.bluematrix.com/sellside/EmailDocViewer?encrypt=1effb163-5673-4ad2-9ef3-59edcfab93c3&mime=pdf&co=williamblair&id=rlist@williamblair.com&source=mail

https://www.bu.edu/bhr/files/2018/10/Restaurant-Delivery-Are-the-ODP-the-Industrys-OTA-Part-I-and-II.pdf