American restaurants: Are they headed for their best year ever?
The National Restaurant Association is predicting great things for the American restaurant business this year, and unbelievable as it may seem, we're confident that Americans are finally putting good food at the top of their priority list! The LA Times has the story:
If the National Restaurant Assn. is right, eateries across the country will end this year with record high sales.
The trade group is expecting $632 billion in revenue for the industry – a 3.5% increase over 2011. The still-shaky economy, it seems, won’t be getting too much in the way.
Restaurants with table service will haul in an estimated $201 billion, while fast-food joints such as McDonald’s are expected to end up with $174 billion in revenue for the year. Food-service options at convenience stores and grocery stores are also expected to grow.
Employment at dining establishments will increase 2.3% -- recovering all the positions lost during the recession.