7 ways COVID-19 supersized food delivery
Demand for food delivery has been strong during the pandemic, building on what already had been a strong demand for the $27 billion industry, according to NPD Group. In the pre-pandemic environment, food deliveries had grown by 23% over a four-year period, representing 3.1 billion customer visits — but as people have been cooped at home, deliveries have skyrocketed; Uber Eats saw 152% growth in food deliveries in New York in June 2020.
Given that travel has been severely impacted by the pandemic, it’s the airline and hotel rewards cards that have needed to reinvent themselves to keep up their consumer appeal.
“Because the convenience and safety of being able to order food delivery is growing for so many, it seems that certain credit card issuers are shifting to this as a popular benefit to accommodate this new interest,” said Nathan Grant, senior credit industry analyst at Credit Card Insider.