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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 restaurant industry in the United States is large and quickly growing, with 10 million workers. 1 in every 12 U.S. residents work in the business, and during the 2008 recession, the industry was an anomaly in that it continued to grow. Restaurants are known for having low wages, which they claim are due to thin profit margins of 4-5%.
Nearly 3.5 million parents work in the restaurant industry and more than 1 million of those are single mothers, 40% of whom live in poverty, according to a 2016 report by the National Women’s ...
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 ...
In March 2020, many US restaurants had to shut their doors during the early days of the Covid pandemic in accordance with local restrictions. Now, over three years later, the restaurant industry ...
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