How many new restaurants in New Orleans will survive? | NOLA.com

Photo by Todd A. Price, NOLA.com | The Times-Picayune

In 2015 at least 28 restaurants have opened in New Orleans. And we're only halfway through the year.  In 2014, 60 new restaurants opened and only five of them are closed:

That means that 92 percent of 2014's new restaurants have survived.

Academic studies have shown that 26 percent of new restaurants typically close in the first year. By the third year, 59 percent are gone.

Clearly, New Orleans restaurateurs are beating the odds.

Over the past decade, those of us who closely watch restaurants have been amazed by how many have opened and how few have closed.

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