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The United States restaurant industry was projected at $899 billion in sales for 2020 by the National Restaurant Association, the main trade association for the industry in the United States. [ 1 ] [ 2 ] An estimated 99% of companies in the industry are family-owned small businesses with fewer than 50 employees. [ 3 ]
The average annual growth rate is about 10%. [58] [59] The restaurant industry in Vietnam has also seen strong growth in recent years. According to a report by SSI Securities Corporation, the revenue of the restaurant industry in Vietnam reached VND610 trillion in 2022, up 16% from 2021.
While the rate of growth has slowed, food costs are expected to still increase in the coming year. ... Nearly 3.5 million parents work in the restaurant industry and more than 1 million of those ...
This growth in the restaurant industry isn’t projected to slow any time soon. In fact, in the next five to 10 years South Carolina could need 35,000 more workers in hospitality, according to ...
The restaurant industry was hit first and worst when COVID-19 closed the economy.According to the National Restaurant Association, businesses laid off or furloughed 8 million hospitality workers ...
It runs an annual restaurant and hospitality industry trade show in the US, in Chicago, and conducts research about the country's restaurant industry. [15] For instance, it states that the restaurant industry in the US in 2021 employs 14.5 million Americans (up from 12.5 million in 2012), with sales in 2021 at $799 billion (up from $632 billion ...
The Lansing area lost more than a dozen restaurants and eateries in 2023. Their closures came amid a volatile, changed restaurant industry.
Restaurant Brands International Inc. (RBI) is a Canadian-American multinational fast food holding company.It was formed in 2014 by the $12.5 billion merger between American fast food restaurant chain Burger King and Canadian coffee shop and restaurant chain Tim Hortons, and expanded by the purchases of Popeyes and Firehouse Subs in 2017 and 2021, respectively.