5 Reasons Restaurant Growth Will Continue

Restaurants are something that a wide and vast majority of people love and enjoy to take part in eating at and going to. however the growth of many restaurants can go up and down overtime and can be unknown. This article gives you the insight and a more in depth look into five reason that restaurants will continue to grow overtime.

Key Takeaways:

• Just as economists wouldn’t say the overall economy was in a recession if just a few sectors were struggling, the same shouldn’t be said about the restaurant industry based on the results of a handful of companies.
• According to data from the U.S. Census Bureau, total eating and drinking place sales were up 6.0 percent on year-to-date basis through July 2016. Adjusting for menu-price inflation, sales were up about 3.3 percent during the first seven months of the year.
• 31 percent of adults say they have become less confident about their personal spending as a result of the presidential campaign during the last few months, according to a new national survey conducted August 18-21 by ORC International for the National Restaurant Association.

“That’s not to say that consumers aren’t somewhat unsettled, and a chunk of that uncertainly could likely be traced to the vitriol coming from the U.S. presidential campaign. In fact, 31 percent of adults say they have become less confident about their personal spending as a result of the presidential campaign during the last few months.”

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