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Message: Restaurant Industry -- Facts at a Glance

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Restaurant Industry -- Facts at a Glance

posted on Oct 20, 08 09:35AM
2008 Restaurant Industry Overview

  • Sales: $558 billion
  • Locations: 945,000 — serving more than 70 billion meal and snack occasions
  • Employees: 13.1 million — one of the largest private-sector employers
Sales Projections

estaurant industry sales
(Billions of current dollars)
2006 industry sales will be $511.1 billion

Type of Establishment 2008 Estimated Sales (Billions)
Commercial $510.4
Eating places $376.7
Drinking places $16.5
Managed services $38.3
Lodging-place restaurants $27.6
Retail, vending,
recreation,
mobile
$51.4
Other $47.8
Cornerstone of Our Nation's Economy

  • Restaurant-industry sales are forecast to advance 4.4% in 2008 and equal 4% of the U.S. gross domestic product.
  • The overall economic impact of the restaurant industry is expected to exceed $1.5 trillion in 2008, including sales in related industries such as agriculture, transportation and manufacturing.
  • Every dollar spent by consumers in restaurants generates an additional $2.34 spent in other industries allied with the restaurant industry.
  • Average unit sales in 2005 were $833,000 at fullservice restaurants and $694,000 at limited-service restaurants.
  • More than seven in 10 eating-and-drinking places are single-unit (independent) operations.

Restaurants -- One of the Nation's Largest Employers

  • The restaurant industry employs an estimated 13.1 million people, making it the nation's second-largest employer outside of government.
  • Eating-and-drinking places are extremely labor-intensive. Sales per full-time-equivalent employee were $61,344 in 2006, notably lower than other industries.
  • The restaurant industry provides work for more than 9 percent of those employed in the United States.
  • The restaurant industry is expected to add 2 million jobs over the next decade, for total employment of 15.1 million in 2018.
Ladder to Management Opportunity

  • One-quarter of eating and drinking place firms are owned by women, 15 percent by Asians, 8 percent by Hispanics and 4 percent by African-Americans.
  • Eating-and-drinking places employ more minority managers than any other industry.
  • Nearly half of all adults have worked in the restaurant industry at some point during their lives, and 32 percent of adults got their first job experience in a restaurant.
  • The number of foodservice managers is projected to increase 11 percent from 2008 to 2018.
Restaurants By the Numbers…

  • $1.5 billion — Restaurant-industry sales on a typical day in 2008.
  • 83 percent — Percent of adults who said there are more healthy options available at quickservice restaurants than there were two years ago.
  • 70 percent — Percent of adults who said their favorite restaurant foods provide flavor and taste sensations which cannot be easily duplicated in their home kitchens.
  • 64 percent — Percent of adults who said there are more restaurants they enjoy going to now than there were two years ago.
  • 62 percent — Percent of adults who said they are likely to make a restaurant choice based on how environmentally friendly a restaurant is.
  • 48 percent — Percent of adults who have visited a restaurant’s Web site.

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