According to national restaurant association research, the restaurant industry in all 50 states is expected to grow in 2008 and beyond. This marks the 17th year in a row in which the restaurant industry will see even more growth according to the National RestaurantAssociation’s 2008 Restaurant Industry Forecast. With expected national sales of $558 billion, a total economic impact of more than $1.5 trillion, and 13.1 million employees in 2008, the nation’s restaurants are a driving force in national and state economies.
"Restaurants are firmly rooted as an essential part of Americans' lifestyle,
and the restaurant and foodservice industry will show a respectable
4.4 percent sales growth in 2008 despite the challenging overall economic climate," said Hudson Riehle, senior vice president of Research and Information Services for the Association. "On the state level, the strongest growth will again be seen in the Western and Southern states, with Nevada leading sales growth and Arizona leading job growth."
Nationally, restaurant-industry sales are expected to increase by 4.4 percent in 2008, or 0.9 percent real (inflation-adjusted) growth.
With the number of restaurant locations in the United States growing to 945,000 in 2008, the number of restaurant jobs will also increase; the industry is expected to add two million jobs in the next 10 years.
Below are listed Northwest state-by-state 2008 restaurant-industry sales in billions,
the percentage of sales growth over 2007,
and the job growth by 2018:
- Alaska: $1.2; 5.0%; 22.8%
- Hawaii: $3.1; 4.0%; 6.7%
- Idaho: $1.6; 5.5%; 16.6%
- Montana: $1.2; 4.3%; 10.4%
- Oregon: $5.5; 5.0%; 19.5%
- Washington: $9.2; 5.2%; 19.8%
SKU CI65708
ISBN 1-931400-63-6
Page Count 40
Year Published 2007
Publication Type soft-cover book
Retail Price: $79.95 each
NRA Member Price: $39.95 each
Click the image below to view the 2008 Forecast Factbook
2008forecast_factbook.pdf
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