People are starting to eat at restaurants again. Here is a recent chart from the WSJ showing seated diners at restaurants on the OpenTable network:

OpenTable has been publishing this data since the beginning of the pandemic in something they call "the state of the restaurant industry." All of their datasets from around the world can be downloaded here.

Back in March, it was interesting to see this data, but most people basically just stopped eating out around the middle of the month. After that, in-person dining mostly flatlined. (This data wouldn't capture takeout, delivery, and other activities not flowing through the OpenTable network.)

At this point, we are now seeing geographies reopen in different ways. Germany, for example, is ahead of many other countries (at least on the OpenTable network). Note the spike (i.e. lower year-over-year decline) on May 21st. It was a national holiday.

You can also drill down into individual cities:

I think this is a pretty good indicator for how people are feeling, and so it could be useful to follow this data. Governments can reopen things, but people need to feel confident to go out and spend money. It looks like a number of people already feel that way.

Last night I watched this Munk Dialogue with historian Niall Ferguson. (Some of you may remember that I wrote about a previous dialogue with Malcolm Gladwell a few weeks ago.) One of the sobering lessons of history is that, without a vaccine, we're probably not yet in a position to talk about life after COVID-19. At least in the short-term, this is going to be life with COVID-19.

Here is an excerpt from an article Niall wrote talking about how "a second wave could capsize Trump."

In history, all the great pandemics have come in waves, including the Black Death of bubonic and pneumonic plague in the 14th century and smallpox in the 18th century. The first recorded plague outbreak — in Athens in the 5th century BC — had three waves: in 430BC, 429BC and 427 to 426BC.

In some cases, the second wave was worse than the first. Take the great influenza of 1918-19. The first official recorded outbreak was at a Kansas army base, Camp Funston, in March 1918. But the global peak of mortality was in the second wave of October and November. A third wave affected some areas of the world in early 1919, principally England and Wales and Australia.

The 1957-58 influenza pandemic hit Hong Kong in mid-April 1957. It reached America in June and produced a surge of deaths among teenagers that autumn. But there was a second wave in January-March 1958. There were further spikes of excess mortality in early 1960 and early 1963.

The other topic I was left thinking about from the dialogue is what all of this does to US-China relations, and more broadly relations between the West and China. Even before this pandemic, Niall had been arguing that Cold War II had already begun. Today's news that China is planning new national security laws for Hong Kong certainly doesn't help.

Today I am going to talk about 3 things that recently happened and/or that are on my mind.

Sidewalk Labs pulled out of Toronto. I think this is sad. A lot of people have said that they're surprised, but not surprised. The official reason is that this unprecedented environment has made it financially infeasible for them to develop the 12-acre site, while still adhering to their core principles. I don't have any inside knowledge of the situation, but I can't help but think that this is probably just an opportune excuse. They were getting beat up pretty badly by Toronto on all fronts, even though they had put forward an incredibly ambitious development proposal. As I said before, I can't imagine many (or any) "conventional" developers coming forward with something like this. The last plan I saw was 1/3 non-residential, and 40% of the residential component was to be priced below market. And never mind all of the other innovations that were being contemplated.

In other tech news, Uber just led a $170 million investment in Lime (the micromobility scooter company). I think this is smart -- both from an overall mobility standpoint and, selfishly, as a shareowner of $UBER. It is being reported that this round of investment values Lime at about $510 million. This is a 79% decline from April 2019 when it raised its last round. So presumably, Uber is getting a pretty good deal here. The bet is that the urban landscape demands multi-modal transportation solutions, everything from bikes and scooters to cars and public transit. There is also an argument to be made that in the short-term, our post-pandemic world is going to gravitate toward individual mobility and away from things like public transit. I've heard a few people say that, as we re-open the global economy and try to maintain social distancing, we're going to face two major mobility bottlenecks: transit and elevators. Sounds like more testing would be a prudent idea.

Above, I was very careful to say "in the short-term" because I think the narrative that is emerging around the demise of urban density is entirely overblown. Few of us are clamoring to jump back into a mosh pit right now (perhaps a metaphorical mosh pit), but I also don't believe that we will suddenly look to sprawling Brasilia as a source of urban inspiration. While it is true that "disease did shape architecture in the 20th century" (Alex Bozikovic wrote a good piece on this over the weekend) and that there have been oscillations in terms of how we view urbanity, I also know that this isn't the first pandemic that our cities have lived through. The Hong Kong flu of 1968 is thought to have killed one million people around the world after, allegedly, emerging in one of the densest cities ever created. Hong Kong's relationship with Beijing is a tenuous one right now, but it still remains one of the world's most important global cities.

Perhaps cities are more resilient than we give them credit for.

Photo by Touann Gatouillat Vergos on Unsplash