American restaurants encompass a $558 billion industry, which proves that restaurants have a major impact on the US economy and its local communities – almost 60% of the 60 million hospitality professionals employed worldwide – which contributes $950 billion annually to the global economy. The restaurant industry in the United States sets a global standard of excellence and enhances the quality of life – at the cornerstone of each community, as we as improve the economy.
FAST FACTS
Restaurant-industry sales advanced 4.4% in 2008 equalling 4% of the US Gross Domestic Product (GDP).
Economic impact of restaurant industry exceeds $1.5.trillion in 2008, including sales in related industries (such as agriculture, transportation and manufacturing).
Every dollar spent by consumers in restaurants generates additional $2.34 spent in other industries allied with the restaurant industry.
Restaurant industry employs estimated 13.1 million people, making it the nation’s second-largest employer outside of government.
10% of United States employed work in industry.
Total employment of 15.1 million expected in 2018.
25% of eating and drinking place firms are owned by Women, 15% percent by Asians, 8% percent by Hispanics and 4% percent by African-Americans.
Nearly 50% of all adults have worked in the restaurant industry at some point during their lives, and 32% of adults got their first job experience in a restaurant.
Number of food service managers is projected to increase 11% from 2008 to 2018.
$1.5 billion industry sales on a typical day in 2008.
70% of adults who said their favorite restaurant foods provide flavor and taste sensations which cannot be easily duplicated in their home kitchens.
62% of adults say they are likely to decide on eating at a restaurant based on how environmentally friendly it is.