New business openings are nearly at pre-pandemic levels. In year two of the pandemic, new business openings reached 521,926, up 14% from the first year of the pandemic. This brings new business openings roughly in line (down by just 1%) with the levels Yelp reported in 2019 (the year before the pandemic).
But, business openings in major cities varied. While new business openings rose nationally, the Delta and Omicron variants resulted in decreased business openings in nearly all of the largest metropolitan areas across the country, Yelp said.