The U.S. restaurant industry is expected to hit $898 billion in sales this year, returning to the trajectory of the pre-COVID pandemic, the National Restaurant Association said in its 2022 State of the Restaurant Industry Report. published on Tuesday. The Washington, DC-based association in the new report available for download, noted that foodservice sales remain, […]
Photo by Jonathan Maze The National Restaurant Association expects industry sales to rise 12.4% this year to $898 billion, a nominal record that would be 3.9% higher than 2019 sales levels, according to its annual report on the state of the restaurant industry released on Tuesday. But other data suggests a tougher year than it […]
About 58% of restaurants said sales had more than halved in December 2021. Credit: Nenad Maric/Pixabay. A new investigation found that a majority of independent restaurants in the United States saw declining sales in December 2021, following an increase in Covid-19 cases driven by the Omicron variant. The survey is based on data collected by […]
The Delta variant of COVID-19 has been a cause for concern for the past two months, but it hasn’t shaken people’s confidence much. As the economy continues to reopen, people are stepping out of their homes with confidence. This has seen the catering industry gradually recover, with sales rising. And with the festive season approaching, […]
The Delta variant of the coronavirus has been a cause for concern over the past month, but it’s not affecting restaurant sales much. After a tumultuous year of sales, the industry is finally getting back on its feet. According to the National Restaurant Association (NRA), the Delta variant may slow the recovery of the restaurant […]
Dive brief: The National Restaurant Association predicts that restaurant and foodservice industry sales for 2021 will total $ 789 billion, according to the organization Semi-annual report on the state of the restaurant industry published Tuesday. The association previously forecast sales to reach $ 731 billion in a report it came out earlier this year. Citing […]
The pandemic has hit the restaurant industry hard in the United States. More than 110,000 American restaurants have either permanently or long-term closed following last year’s pandemic – with nearly 2.5 million jobs lost from pre-pandemic levels, according to the National Restaurant Association. But business is picking up. As people emerge from lockdowns during the […]
The restaurant industry appears to be finally getting back on its feet, with sales rebounding to pre-pandemic levels as more people dine out. In addition, people are spending more, with the new round of fiscal stimulus giving them more purchasing power. Although retail sales declined in May, sales in bars and restaurants increased surprisingly. This […]
What a difference it is in the North Coast from a year ago, when local wineries and restaurants began to reopen from the first shelter-at-home order that went into effect statewide in mid-March. This was reversed in early July 2020, less than a month later, followed by the color-coded tier system in late August which […]
Customer habits influence the vast majority of restaurant operations. For operators, attracting new customers and ensuring they stay loyal is key to success – and that’s never been more important than in today’s post-pandemic landscape, when money from consumers is up for grabs, but that consumers’ needs are different from what they used to be. […]
Jonathan Key, director of drinks and bar at Bentonville’s restaurant The Preacher’s Son and Undercroft – the intimate bar and lounge in the restaurant’s basement – said the owners had recently transformed the cocktail bar into The Oasis at Undercroft on the tropical theme. The temporary (pop-up) event started on March 19 and will run […]
A new report released by the National Restaurant Association shows that restaurants across the country continue to struggle because of the Covid-19 pandemic. More than three-quarters of the 3,000 restaurateurs recently surveyed by the association say their sales were lower in January than they were in January 2020 and, on average, sales were […]
Jan.26 (Reuters) – An expected 11% increase in US restaurant sales in 2021, to $ 731.5 billion, will still not be enough to offset the industry’s heavy losses in 2020 due to the coronavirus pandemic, according to a report released Tuesday. Sales in the hard-hit industry fell nearly 24% in 2020 to $ 659 billion […]
Photography: Shutterstock Sales at food and beverage establishments in the United States will increase 10.2% in 2021 to a total of $ 548.3 billion as consumers respond to pent-up demand for dining experiences that were denied to them during the pandemic, according to a forecast released by the National Restaurant Association. The increase would follow […]
Sales in American bars and restaurants further eroded in December 2020 as the industry ended the year still grappling with the COVID-19 pandemic. December restaurant sales fell at a double-digit rate year over year, dropping for the third month in a row and ending a year of crisis for the restaurant industry. The National Restaurant […]
Staff at The Vineyard restaurant prepare food and drink for guests in accordance with social distancing guidelines in June. Photo contributed. published on December 31, 2020 – 2:57 PMWritten by Business Journal staff Across the country, among all types of restaurants, a new study shows spending on food and drink only declined by an average […]
Sales in American bars and restaurants in November fell from the previous month as rising COVID-19 cases resulted in tighter restaurant restrictions and temperatures plummeted across the country. Experts see tough conditions for restaurants persist for months. The total number of jobs in food services and drinking places fell in November for the first time […]
Sales at U.S. bars and restaurants stalled for another month in October as states tighten pandemic-related restrictions and the industry prepares for an even tougher winter with limited outdoor dining options. The rate at which food services and drinking places added jobs in October suggests a full recovery won’t occur until late 2021 at the […]
US bar and restaurant sales in September continued to rebound from pandemic-induced declines earlier in the year, although the pace of growth remained slower than in previous months. Food services and drinking places also added jobs at a moderate pace in September, suggesting that a longer recovery may be in store for the restaurant industry. […]
The recovery in US restaurant sales and employment continued in August, but at a slower pace than in previous months. August sales from the beleaguered industry fell about 15% from the year-ago period, leaving the US restaurant industry on course to lose $240 billion in sales by the end of the year, according to the […]
For the third week in a row, restaurant chains reported improved year-over-year comparable store sales compared to the prior period, according to Black Box Intelligence. Earnings for the week ending April 19 fell 47.6%, the best result since March 15 and an 11.3% improvement over the prior period. Over the past two weeks, all segments […]
Experts say the pain for the US restaurant industry is set to continue after sales fell nearly a quarter in March as the coronavirus keeps dining halls closed across the country and businesses look to snag take-out and delivery sales. Nearly half a million restaurant workers lost their jobs in March in what experts say […]
February 6, 2020 2 years through Morgan davis Valentine’s Day is a holiday centered on loving and appreciating someone special. Since many people choose to celebrate by planning a special night that includes dinner – the second most popular day for dining out – restaurants are slammed with reservations every year. As a business owner, […]
Year-over-year sales growth for U.S. bars and restaurants in November again outpaced overall retail spending gains for the third month in a row, according to an analysis by S&P Global Market Intelligence. Food services and drinking places continued to add jobs in November at a faster rate than the economy as a whole, and menu […]
There are over a million restaurants in the United States, according to data from the National Restaurant Association. With so much potential competition, how do you keep the noise down? Marketing your restaurant can come in all shapes and sizes, from the right signage to removing social media chatter. Having a variety of tools at […]
According to the National Restaurant Association, Mother’s Day is the most popular day of the year for dining out. But your restaurant marketing efforts don’t have to end there. Savvy restaurant owners and operators know there are many special days in May that can be used with promotional activities. Mother’s Day isn’t the only day […]
The restaurant industry is moving in the right direction. In its annual report on the state of the restaurant industry, the National Restaurant Association outlined where the business is and what operators can expect over the next decade. After analyzing surveys of restaurant owners, chefs, operators and consumers, the Association found that the overall industry […]