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Feb 01, 2011, 01:00 ET WASHINGTON, Feb. 1, 2011 /PRNewswire/ -- Restaurant industry sales are expected to reach a record $604 billion and post positive growth in 2011 …
After a three-plus-year lull influenced by the Great Recession, the restaurant industry is expected to boomerang back to positive growth …
The restaurant industry posted modest job growth last year, and that growth is expected to accelerate in 2011. This year, the industry will add jobs at a rate of 2.4 percent, …
The 2011 Restaurant Industry Forecast includes economic, workforce, consumer and menu trends, as well as information for restaurant operators to overcome the current …
The restaurant industry is functioning in a high-demand, lower-labor environment right now and is also suffering from an all-time high quit rate. Based on reports displayed by Statista, …
2. Leveraging Social Media As mobile technology becomes more robust and pervasive, leveraging social networking sites like Facebook and Twitter will only become more essential for …
876.33bn USD. Number of employees in the restaurant industry in the U.S. 11.2m. Industry overview. Foodservice and drinking place sales in the U.S. 1992-2021. Output of the …
Food delivery services became immensely important but brought unique challenges. Trust of the food handling process, delivery methods, and demand for contactless …
Management turnover ranges between 40 and 50 percent depending on the type of restaurant concept. If that wasn’t shameful enough, it costs a lot to replace workers. A back-of-house hourly ...
Key findings in this year’s report: The foodservice industry is forecast to reach $898B in sales in 2022. The foodservice industry workforce is projected to grow by 400,000 …
Among the challenges involved in managing a restaurant operation, losing key employees is a big one. Restaurants are great places for teenagers to get hired, which also …
Micheline Maynard and Sava Farah say the real problem lies within the industry itself. The hospitality industry is already high-stress and physically taxing, and now the …
Restaurant and hospitality (R&H) sectors are faced with three main challenges as a result of COVID-19 disruption: Closure of part or all of existing location operations, leading to …
The restaurant industry is no stranger to struggle. As you might know, 59% of restaurants fail within the first 3 years. Due to tighter profit margins, lack of capital is an …
Empirically, the U.S. restaurant industry has had an extremely large concentration of workers paid at or below the federal minimum wage. Although the federal minimum wage is …
2. Having enough capital An area where restaurant entrepreneurs can run into big trouble is capital, and specifically, a lack of it. Not having the capital needed to run a business …
Let us look at some of the challenges faced by restaurant owners and how to manage these the best way possible: #1 Stock & Inventory Wastage The biggest challenge for restaurant owners …
The restaurant industry is a tough place, understanding common challenges can help you succeed. Let’s pick up right where we left off from our first post, starting with …
Abstract Due to increased urbanization and modernity, India's restaurant business has flourished in the last decade. This study aims to identify the key challenges present in the …
Restaurant leaders must prioritize planning for a digital menu with food quality and delivery taken into consideration. Even indoor dining restaurants will likely remain more digital, …
Chefs and restaurateurs including Jordyn Lexton of Drive Change, David Chang of Momofuku, Rich Melman of Lettuce Entertain You, and Brian Canlis of Canlis in Seattle spoke …
The Biggest Challenges for the Restaurant Industry. We asked restaurants what the biggest challenges to restaurant success are in the 2019 Restaurant Success Report, and the results …
Here are the key statistics on the ever-changing restaurant industry: There are 660,936 restaurants in the United States, as of 2021. There are 14.9 million restaurant …
The report details that the foodservice industry expects to grow by 400,000 jobs over the next year, which it forecasts $898 billion in sales. Despite that expected growth, …
To prepare for the new year, restaurant owners, operators, and managers need to start planning now.Here are the top 12 operational challenges restaurant operators should …
The restaurant industry continued to add jobs at a moderate – albeit uneven – pace in recent months. However, that trendline doesn’t tell the full story of labor market …
The restaurant industry is facing challenges from all fronts: rising food costs, supply chain shortages and ongoing COVID-related issues. That is impacting the guest …
McDonald’s wants to hire 25,000 employees in Texas alone, starting with a three-day hiring event last week. IHOP wants to hire 10,000 new people, and is planning a national …
Increased labor costs, in combination with other economic factors, are adding tremendous pressure to an industry whose recovery remains both tenuous and emergent. …
New York CNN Business —. The restaurant industry will likely never return to its pre-pandemic state, according to the National Restaurant Association. The trade group says …
Then and Now: What’s Behind the Restaurant Staffing Shortage? Labor shortages aren’t new to the restaurant industry. Tight labor markets existed as recently as 2018 and 2019 …
The United States’ restaurant industry operates over 1 million units and post sales of approximately US$ 577 billion. Sales in the restaurant industry sum up to US$ 1.6 billion on a …
Trend# 4: Staffing challenges will persist. Perhaps one of the most unexpected byproducts of the pandemic is the staffing shortage. Despite high unemployment, many …
However, during the time of recession and other challenges, one of the first things people cut down is restaurant food. This puts an enormous pressure on the industry. Many …
When it comes to challenges like localization, social responsibility, and transparency – large restaurant chains are often left hamstrung by the sheer scale of their …
An exceptionally difficult labor market : The restaurant industry continues to deal with one of the worst labor shortages of labor ever. It has affected restaurant operators on …
When it comes to HR, you have roles such as recruiting, onboarding, training, compensation, benefits, employee relations, and compliance, to name a few. In the restaurant industry, these …
The National Restaurant Association projects restaurant and food service industry sales will jump nearly 20% to $789 billion this year, from $659 billion in 2020. The estimate is …
According to the National Restaurant Association, restaurant industry employees were down a million in 2021 from pre-pandemic levels. Challenges with hiring and retention …
4) Employee Turnover Is High. Employee turnover has always been high in the restaurant industry, and you can’t afford to lose workers today more than ever. Solution: Open …
The Restaurant Revenue Stats we think you should know in 2022: The food and beverage sales of the US foodservice industry reached $789 billion in 2021, accounting for a 19.7% growth over …
Labor Shortage One of the main concerns that all types of restaurants face is a labor shortage. The employee turnover ratio is very high as people keep changing jobs for …
The restaurant industry is at an inflection point, facing down changing seasons and a lack of additional aid from Washington. The National Restaurant Association projects …
Though many of the market forces that shaped the restaurant industry in 2021 were closely linked to disruption from the pandemic's onset in 2020, the new year will bring …
Restaurant industry challenges. Traditional restaurant business challenges still exist even in the best of times. Restaurant owners and operators must contend with low …
Here are a few of the complications restaurants will face in the coming year—and how to solve them. 1. Lack of Labor. Restaurants faced labor challenges prior to the pandemic, …
According to a reader survey fielded by Restaurant Development+Design in 2021, 44.59% anticipate the development of non-traditional locations with a mix of on-and-off …
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