Foodservice sales to hit record $660B in 2013

This article was featured is Nation’s Restaurant News – WONDERFUL news for our industry! As hospitality recruiters, we see a growing demand for our services as well as many of our current clients expanding and opening new locations.

The U.S. foodservice industry is expected to post its fourth consecutive year of sales growth in 2013, with an estimated 3.8-percent increase in sales to $660.5 billion, according to the National Restaurant Association’s 2013 Restaurant Industry Forecast, which will be released today.

The sales expansion expected next year from the United States’ more than 980,000 restaurants followed this year’s growth of 4.2 percent, the largest growth year following the recession-driven declines of 2008 and 2009. In inflation-adjusted terms, real sales growth in 2013 would total 0.8 percent, following 2012 inflation-adjusted growth of 1.3 percent The NRA also will note Thursday that the foodservice industry will continue to outpace the overall economy in job growth. Next year will be the 14th consecutive year that foodservice industry employment outpaces the rate of hiring for the economy as a whole, as restaurants are projected to post an employment growth rate of 2.4-percent, nearly a full point higher than the 1.5-percent increase expected for all employers.

“Ours is a resilient and flexible industry that continually finds new ways to keep growing,” NRA chief executive Dawn Sweeney said in a statement, “relying on the creativity and innovation exhibited by the entrepreneurial spirit. In 2013, restaurant operators will continue to explore ways of navigating the rocky economic landscape to find the road to success.”

All sectors of the foodservice industry, including traditional restaurants, as well as on-site facilities and military and noncommercial accounts, are expected to report nominal sales growth next year, the NRA forecasted. Social caterers and managed-services accounts at industrial plants, hospitals and nursing homes are projected to lead the way and grow sales by more than 5 percent. Restaurants serving hotels and other lodging places, as well as those in travel centers, are expected to grow near that level.

Quick-service restaurants and social caterers will power much of the commercial-restaurant sector’s projected 3.8-percent sales increase to $441.9 billion next year, which would represent 0.9-percent inflation-adjusted growth. The NRA forecast expects sales to rise 4.9 percent for fast feeders, 2.9 percent for full-service restaurants, and 0.1 percent at cafeterias and grill-buffets in 2013.

Including bars and taverns, total sales at all eating-and-drinking places are projected to increase 3.8 percent to $461.3 billion, a 0.9-percent expansion in real terms, in 2013.

“Income and cash-on-hand do remain constrained, so consumers are much more deliberative in their spending,” Hudson Riehle, the NRA’s senior vice president of the research and knowledge group, said in an interview with Nation’s Restaurant News Monday. “But the industry’s inherent strength is that consumers enjoy going out to eat and as such would act to preserve their restaurant spending.”

Back

What Clients Say About Patrice & Associates

  • I appreciate what Sherri and Patrice and Associates Hospitality Recruitment did for me and my career.

    Sherri Balzer is an excellent job recruiter. I had been working with her for more than 3 months where I had multiple job interviews with different companies. She is always very detailed, caring, patient, and most of all very professional. I turned down multiple job offers because they were not a good fit for me and Sherri understood my reasons. Instead of losing hope in me she kept working hard looking for other companies that suited my skill set and knowledge. We found the perfect company and I got the best job offer available. I appreciate what Sherri and Patrice and Associates Hospitality Recruitment did for me and my career. Respectfully,

    Andrew Figueroa

    I appreciate what Sherri and Patrice and Associates Hospitality Recruitment did for me and my career.
  • I referred a friend to Patrice & Associates Hospitality Recruitment

    Kim Marzett has been great! Alongside her professional demeanor, she answered all of my questions freely. She has a very welcoming personality, and helps you every step of the way! I referred a friend to her. I was impressed and appreciative! I referred a friend to Patrice & Associates Hospitality Recruitment
  • Patrice & Associates Hospitality Recruitment is by far the best recruiting agency.

    I just wanted to say thank you to Corina for setting me up with Redstone American Grill. I appreciate all the time and research you and your team have done to make sure that I was prepared for my interviews. Patrice & Associates Hospitality Recruitment is by far the best recruiting agency I’ve worked with in my 25+ years of experience. I’ll be your client for as long as I’m in this field. Alexandre Vincent Patrice & Associates Hospitality Recruitment is by far the best recruiting agency
  •  

    Thank you Fajar and Patrice & Associates Hospitality Recruitment

    From the first time we spoke, til the time I landed the job and even now - days after I have started the job, Fajar has been absolutely outstanding! She constantly checked in with me to answer any questions, provided valuable information and tips for my interview and updated my resume for me. I truly appreciate Fajar's commitment to ensuring I had everything I needed to successfully transition into a new career. I am more than happy with her work and would be more than willing to recommend her services to anyone looking for a new career path. Thank you once again Fajar and Patrice and Associates Hospitality Recruitment for everything you all have done. I am truly very grateful!
    Thank You, Brandon Chase Thank you Fajar and Patrice and Associates Hospitality Recruitment
  • Working with Jillian and Patrice & Associates Hospitality Recruitment was an amazing experience.  First of all, the work Jillian did on my resume before presenting me to the client was outstanding.  I really feel that it presented me in the best light for the client (and it worked because I got the job!).  I’ve worked with a lot of recruiting firms before and the level of service provided by Jillian was far and above the rest of the industry.  Jillian was always available to talk any time of the day and really made me feel like she wasn’t just concerned with placing a candidate - she also cared about my happiness and well-being throughout the process. Dennis Brown My recruiter cared about my happiness throughout the process.