Hospitality – the Economic Engine

The facts

  • The industry’s annual sales now top $660 billion.
  • Each $1 spent in restaurants generates an extra $2 in sales for other industries
  • Industry’s share of the food dollar is now 47 percent
  • Total economic impact of the industry is estimated at $1.8 trillion
  • Sales constitute 4 percent of the U.S. GDP

Feeding the U.S. economy

With restaurants on every street of our towns and cities and along vast stretches of America’s roads and highways, restaurant industry activity has become a huge component of the U.S. economy. The industry’s economic health is now a leading indicator of the nation’s economic health, and industry growth is a significant factor in the nation’s economic outlook.

 

Restaurant industry sales are growing, with projected sales of $660.5 billion in 2013, up approximately 9% in two years. On a typical day, restaurant industry sales are $1.8 billion across the 980,000 restaurant locations nationwide. Today, restaurant industry sales are 4% of the U.S. GDP.

 

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What Clients Say About Patrice & Associates

  • Francisco Chevez is one in a million!

    I would like to formally thank Francisco Chevez for helping me get this great District Manager position. Francisco was very professional from the beginning. He was persistent in his search for the perfect opportunity. He presented me with multiple job opportunities, all great. He made me feel as if I was his only client and his top priority. Even after starting the new job, he called back to check on me. Francisco is great at what he does and I’m glad I was paired with him.      

    Sincerely,

    Enzo Mera

    Francisco Chevez is one in a million!
  • Matt Lopez nailed it!

    I am thankful for the service that Matt Lopez provided on behalf of Patrice and Associates in finding me and matching me to an excellent job with an energy company in northern Virginia. Matt Lopez discussed the position and the company and advised me on the hiring process. Matt has the intuition to assess me the job candidate, and the employer regarding my personality and the corporate culture to make the match. Matt found a Company that has all the attributes that I have struggled over the past few years to find. I intend to do an excellent job for the Company that I am joining in October 2022. I plan to achieve my immediate objectives, the company’s goals and show that Patrice and Associated backed the right person for the job.                    

    Sincerely,

    Robert Chew

    Matt Lopez nailed it!
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    I recently relocated to South Carolina from New York.  At first I tried the usual big company name job search engines, I even reached out to a couple of recruiters but, Karl Busch at Patrice and Associates was the guy who got it done!  His guidance and advice along the way was invaluable.  I was able to secure an Executive Chef position at a high profile restaurant thanks to him.          

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    Steven D.

    I can't thank Karl Busch enough!
  • Shawn Hoye was great to work with.

    Super attentive with plenty insight into the local job market which gave me a leg up in making the perfect career move.              

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    Sean Giffing

    Shawn Hoye was great to work with!
  • Whitney Davis was incredible!

    I would just like to say what an asset Whitney Davis was in regards to me finding another job. I appreciate all the help and I would definitely recommend him to others.        

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    Larry A.

    Whitney Davis was incredible!