$799 billion: restaurant industry sales (source: 2017 state of the industry) 1 million+: restaurant locations in the united states 147 million: restaurant industry employees 16 million: new restaurant jobs created by the year 2027 10%: restaurant workforce as part of the overall us workforce.
The restaurant industry in the united states is large and quickly growing, with 10 million workers 1 in every 12 us residents work in the business, and during the 2008 recession, the industry was an anomaly in that it continued to grow restaurants are known for having low wages, which they claim are due to thin profit margins of 4-5. The national restaurant association's research is the most authoritative source for restaurant industry sales projections and trends it is based on analysis of the latest economic data and extensive surveys of restaurant operators and consumers.
As of december 2016, things were still looking up for the us restaurant industry: the monthly restaurant industry tracking survey, conducted by the national restaurant association, recorded a performance index score of 1005 – any score over 100 indicates a period of expansion the lowest performance index score between 2011 and 2017, 994, was recorded in august 2011. Seldom before have the interests of all of the stakeholders converged at such a pivotal juncture for the restaurant industry and america’s cities restaurants are woven into city planning, neighborhood development, and real estate unlike any other time in history the industry impacts nearly 10%, or $16 trillion, of the entire us gdp.
The restaurant industry in the united states is generally comprised of independent or chain full-service and limited-service restaurants in 2015, full-service restaurants (fsrs), including chains such as applebee’s and red lobster, generated around 247 billion us dollars in food and drink sales. 5:23 pm et thu, 23 aug 2018 the new york state department of health and the chautauqua county health department are investigating 22 reports of illnesses, which may be linked to breakfast sandwiches sold at a mcdonald's in jamestown, chautauqua county.
Latest news for the restaurant industry, including food services and related jobs. 5 new technology trends in the restaurant industry 6 min read the hospitality and food service business is a major player in the economy it goes without saying that people’s blood, sweat and tears account in part for the steady growth of the industry and it would seem appropriate that restaurant owners look to current technologies, reinvesting funds to enhance profit and customer satisfaction. Thus, restaurant meals are discretionary purchases, and the industry tends to be highly cyclical sales top-line growth is typically generated in two ways, opening locations and boosting same-store sales.
Restaurants are the last bastion of urban manufacturing and, as such, create a massive number of jobs the industry currently employs 10% of the entire us workforce and this number continues to rise the national restaurant association estimates that nearly 15 million people will work in the industry by 2024. Industry overview: restaurant value line research department restaurant companies are essentially retailers of prepared foods, and their operating performance is influenced by many of the same factors that affect traditional retail stores. Want to hear more about innovation and technology in the restaurant industry register for the restaurant franchising and innovation summits , april 9-11 in louisville and/or july 16-18 in london. The national restaurant association's 2017 state of the industry report is the most comprehensive outlook and overview of the quickly evolving us restaurant industry [nra members: get state of the industry highlights in our archived member-exclusive webinar, presented july 25] this comprehensive.
Restaurant industry in the us - statistics & facts food and drinks sales of the restaurant industry in the united states reached 74561 billion us dollars in 2015 – a long way from the 428 billion seen in 1970 this figure was forecasted to rise again in 2016 to more than 782 billion. The year has just begun and we've scoured the internet for the restaurant industry trends of 2018 we've chosen our picks for the top 5 trends we think will take off in the new year.
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