More Consumers Plan to Increase Restaurant Spending

 

Despite another jump in the national unemployment rate and conflicting economic indicators released last month, a new survey shows that consumers’ plans to spend at restaurants are only improving as confidence in the economy grows.   Looking out over the next 90 days, 16 percent of respondents said they planned to spend more on dining out, up from the 13 percent in May and just 8 percent in February who responded similarly. A reduced 33 percent of respondents said they planned to spend less on dining out during the next 90 days, down from 39 percent in May and 50 percent in February who answered that way.

“Confidence in the economy is improving, as those planning to spend more at restaurants cited better job security and less need to save money,” said the report from RBC restaurant securities analyst Larry Miller. “Value is driving consumers to eat out more, as are having less time to cook and an uptick in workers per household.”

Brands that stand to benefit, according to survey respondents, include Red Lobster, Chipotle, Olive Garden, Maggiano’s Little Italy and Panera Bread. Concepts that respondents said they would not frequent more often included Denny’s, Golden Corral and Morton’s, The Steakhouse.

“The increased value restaurants have been offering has not gone unnoticed; it’s the No. 1 incremental reason for eating out more,” Miller noted.

Read entire article

This was a Breaking News story in Nations Restaurant News today.  It seems there are several news articles weekly now proclaiming the hospitality industry is on the rise. This is great for everybody as the hospitality industry is the largest employer in the country, second only to the Federal Government. As long as the restaurants are growing everyone benefits. This industry employs over 12 million people and it’s growth means job opportunities for many more. 

The growth of restaurant chains also means true career opportunities as it is one of the few industries I know of where someone can be promoted from a dishwasher, through the ranks to Area Supervisor with only a GED. It’s nice to find an industry where someone can have a real career opportunity based on skill and hard work.

This is truly one of the reasons I love recruiting in the hospitality industry. Every restaurant manager I talk to has a story of how they worked their way up through the ranks to their current position and are proud of their accomplishments.

Back

What Clients Say About Patrice & Associates

  • David Israel was a pleasure to work with and was instrumental in helping me find an excellent career opportunity .

    David was extremely professional and took the time to really listen to where I was in my career and what I was looking for. As a result of the work he did to connect me with the right opportunity, I was able to obtain a great starting salary and great benefits as well. I would highly recommend David’s services to both job seekers and employers. Josh Axmacher David Israel was a pleasure to work with!
  • Tim was nothing but helpful from the start!

    I was originally contacted by Tim as a reference for someone who used to work for me. He must have recognized that I myself was a good fit, because within a few minutes the conversation turned to me applying for the job.  He was always pushing for me. He was there to help with everything, every step of the way, and was in constant communication. He played a massive role in me landing an amazing job with an even better company. I can't stress enough how awesome this guy was. Tim will coach you through the entire process and be your biggest advocate. He has a lifetime of experience and knows exactly what companies are looking for. A+, 10/10, two thumbs up, 5-stars. Thanks for everything Tim! Brock Kinley Tim was nothing but helpful from the start
  • Tim was very patient and thorough when going through the process of trying to find employment for me and my skills. I appreciate the time and effort he put in for me and I would recommend Tim Walker & Patrice and Associates to anyone looking for great opportunities. Carolyn Floyd Tim was very patient & thorough!
  • Chris was amazing through the entire application and interview processes, 10 out of 10.

    He took his time to get to know me and really ensure that I was what he was looking for. He ensured that I had information about the hiring company to ensure it was something I felt I wanted to pursue. Chris also gave me some helpful tips and tricks in his emails about the interview process, you could tell that he was doing everything on his end to help you, it all just came down to how well you executed on your end. I would certainly recommend anyone looking for opportunities to reach out to Chris, the first possibility didn’t work out that we were attempting but he came back and nailed it with the second opportunity.
    Cody Smith
    Chris was amazing through the entire application and interview processes, 10 out of 10.
  • It was an amazing opportunity to work with David Hotovyy!

    David set me up with a great opportunity in my field as a restaurant General Manager. He really takes the time to get to know who you are and what you're about, what's important to you in your career and home life.   I would definitely recommend working with David,  and have actually passed on his contract info to several others already!
    Thank you David Hotovy & Patrice and Associates for helping me find something that is just right for me!
    Rebecca Jackson
    It was an amazing opportunity to work with David Hotovy!