FAST FACTS ON FOODSERVICE
- 2004 will mark the 13 th consecutive year of Real Growth for the US restaurant industry.
- In 2004 the industry is projected to post $440 billion in sales, which represents 4% of the Nation's Gross Domestic Product (GDP).
- On an average day, restaurant establishments post $1.2 billion in sales.
- Approximately 70% of the nation's 878,000 restaurants are independently owned & operated.
- Full-service segment leads the way in 2004 with a 4.6 percent sales growth, totaling $157.9 billion in sales.
- Quick-service segment (chain and independent establishments without wait staff service) expected to increase 3.9 percent, totaling $123.9 billion in sales in 2004.
- Top regions in terms of sales growth remain the South and the West .
- Restaurant sales in the South West Mountain Region will grow 5.5 percent to reach $51.7 billion in 2004.
- Forecasts for restaurant sales in Texas call for the nation's second largest volume.
- In 2004, Texas will capture $27.1 billion in foodservice sales, a 5.2 percent increase over 2003 sales.
- Houstonians dine out more than any other major city in the nation4.9 times per week. (Zagat 2001)
- The Houston restaurant industry, the largest foodservice market in Texas , is one of the ten fastest-growing foodservice markets in the state, with a growth rate of 5.10 percent with foodservice sales over $3.9 billion. (TRA 2003 Forecast)
- Known as the Bayou City , Houston has evolved into Texas ' biggest City (and the largest in the South) and is home to 18 Fortune 500 companies.
- The average resident in the Houston area spends $1,260 dining out per year, higher than the state average of $1,140. (Zagat 2001)
- Houston is the fourth most populous city, 4.8 million residents, in the nation, trailing behind New York , Los Angeles and Chicago . ( Houston eGovernment Center )
- There are more than 11,000 restaurants to choose from and Houston has more gold-medal award-winning restaurants than any other US city. ( Houston eGovernment Center )
Unless noted, statistics are from the National Restaurant Association's 2004 Industry Forecast .