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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]
Signs on door of a Graeter's ice cream parlor in the Hyde Park neighborhood of Cincinnati during government-mandated closings. The COVID-19 pandemic impacted the United States restaurant industry via government closures, resulting in layoffs of workers and loss of income for restaurants and owners and threatening the survival of independent restaurants as a category.
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 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 ...
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 ...
More changes are expected within the industry, according to a report released by the National Restaurant Association that looks ahead through 2030. Restaurant owners will need to rely heavily on ...
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%.
The US 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. [89] [90] An estimated 99% of companies in the industry are family-owned small businesses with fewer than 50 employees. [3]