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News & Alerts

State of the Restaurant Industry Report Released

2/8/2022

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The National Restaurant Association recently released its 2022 State of the Restaurant Industry report, which measures the restaurant industry’s continued recovery and examines the status of current and emerging trends across key categories including technology and off-premises business, operations, workforce, food and menus, and more.

Key findings illustrating how the restaurant industry continues its recovery include:
  • The foodservice industry is forecast to reach $898 billion in sales in 2022.
  • The foodservice industry workforce is projected to grow by 400,000 jobs, for total industry employment of 14.9 million by the end of 2022.
  • More than half of restaurant operators said it would be a year or more before businesses conditions return to normal. Food, labor, and occupancy costs are expected to remain elevated, and continue to impact restaurant profit margins in 2022.
  • Ninety-six percent of operators experienced supply delays or shortages of key food or beverage items in 2021 – and these challenges will likely continue in 2022.
  • Fifty-one percent of adults say they aren’t eating at restaurants as often as they would like, which is an increase of six percentage points from before the pandemic.
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  • Membership
    • Member Login
    • Membership Savings >
      • Manufacturer Rebate Program
      • Property & Casualty
      • Workers Compensation
      • Credit Card & Payroll Processing
      • Health Solutions
      • Music Licensing
      • Office Supplies
      • Email Marketing
      • Shipping
      • Technology
      • Other Products & Services
    • Restaurants
    • Suppliers >
      • Members Only Login
      • Supplier Member Benefits
      • Interested in Joining
      • Live Events
      • Sponsorships
      • Advertise
      • Donate
      • Get Involved
    • Students
    • Join
  • Resources
    • Members Only
    • Humans Of Hospitality >
      • Humans of Hospitality - Share Your Story
    • Solutions on Staffing
    • COVID-19 >
      • Coronavirus: Resources for Restaurants
      • Exposed Employees Guidance
      • Restaurant Revitalization Fund
    • News & Alerts
    • Business Support >
      • Ask WRA
      • Supplier's Directory
      • National Restaurant Association
      • Industry Insights
      • Laws & Regulations
      • Publications
      • Materials to Purchase
      • Popular Topics
    • For Diners >
      • Dining Guide
      • Gift Certificates
  • Advocacy
    • Endorsements
    • MKE Kitchen Cabinet
    • Donate
  • Events & Training
    • Calendar
    • Upcoming Events >
      • Indulge Milwaukee
      • RIS Live
      • ProStart Golf Classic
      • Regional Awards
    • Webinars
    • Food Protection Manager Certification
    • High School Culinary
  • ServSafe
    • ServSuccess
  • Foundation
    • ProStart
    • Scholarships
    • Get Involved >
      • Volunteer
    • Endowment Fund
    • Board of Directors
    • Donate
  • About
    • Our Team >
      • Staff
      • Board of Directors
      • Careers
      • Job Board
    • Our Mission
    • Contact Us & Hours
    • Chapters
    • Awards >
      • Award Winners
    • Press Releases