All is well. According to the NRA (National Restaurant Association), the 2010 restaurant industry outlook for 2010 has brightened. We can all celebrate.
The forecast projects $580 billion in sales which is a 2.5% increase over 2009. When adjusted for inflation, that means sales will essentially be flat. On the positive side, this means that things are better than the previous two years which saw decreases in sales after adjustment for inflation.
Restaurants represent 4% of the U.S. gross national product and restaurant employees represent 9% of the U.S. workforce.
"The past two years have been a very challenging time for our industry. While there are still substantial challenges ahead, we are encouraged that the outlook is improving," said Dawn Sweeney, President and CEO of the National Restaurant Association. "With a total economic impact of more than $1.5 trillion, the restaurant industry is a strong player in the economic recovery. Restaurants are the cornerstone of communities across this nation and we are a key player in propelling job retention and creation across the United States."
My unofficial survey of local restaurateurs who I know more or less agree with the outlook. Restaurant business is slow, but stable. Sales are slightly better which is far better than slightly worse.
To read the entire article go to:
http://www.chainleader.com/article/445207-NRA_Restaurant_Industry_Outlook_Brightens_in_2010.php
We welcome your comments. If we may be of help to you or your business, please contact us at ray@tampabaymerchantservices.com or call 727-916-7294
The forecast projects $580 billion in sales which is a 2.5% increase over 2009. When adjusted for inflation, that means sales will essentially be flat. On the positive side, this means that things are better than the previous two years which saw decreases in sales after adjustment for inflation.
Restaurants represent 4% of the U.S. gross national product and restaurant employees represent 9% of the U.S. workforce.
"The past two years have been a very challenging time for our industry. While there are still substantial challenges ahead, we are encouraged that the outlook is improving," said Dawn Sweeney, President and CEO of the National Restaurant Association. "With a total economic impact of more than $1.5 trillion, the restaurant industry is a strong player in the economic recovery. Restaurants are the cornerstone of communities across this nation and we are a key player in propelling job retention and creation across the United States."
My unofficial survey of local restaurateurs who I know more or less agree with the outlook. Restaurant business is slow, but stable. Sales are slightly better which is far better than slightly worse.
To read the entire article go to:
http://www.chainleader.com/article/445207-NRA_Restaurant_Industry_Outlook_Brightens_in_2010.php
We welcome your comments. If we may be of help to you or your business, please contact us at ray@tampabaymerchantservices.com or call 727-916-7294
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