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Archive for the ‘Industry Research’ Category

The National Restaurant Association each year releases the industry trends report. This report is one that all restaurantuers look to for guidance and understanding in the fast paced restaurant business.

Some of the Report Highlights

  • Restaurant-industry sales are forecast to advance 4.4% in 2008 and equal 4% of the U.S. gross domestic product.
  • The overall economic impact of the restaurant industry is expected to exceed $1.5 trillion in 2008, including sales in related industries such as agriculture, transportation and manufacturing.
  • Every dollar spent by consumers in restaurants generates an additional $2.34 spent in other industries allied with the restaurant industry.
  • Each additional dollar spent in restaurants generates an additional $0.99 in household earnings throughout the economy.
  • Average unit sales in 2005 were $833,000 at fullservice restaurants and $694,000 at limited-service restaurants.
  • More than seven out of 10 eating-and-drinking places are single-unit (independent) operations.

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