The U.S. restaurant industry is projected to set a sales record of $476 billion in 2005. That would be a 4.9% increase over last year, says the National Restaurant Association (NRA).
NRA says full-service sales are projected to rise 5% this year, and quick-service sales by 4.7%. The combination means almost 47% of U.S. food dollars will be spent in restaurants in 2005.
When combined with hotel and institutional sales, the overall foodservice industry will account for more than 50% of U.S. food sales, reports the Lean Trimmings newsletter.