New National Restaurant Association Report Highlights Restaurant Industry Recovery

By: Kerry Pipes | 3,196 Reads | 8 Shares

%3Cp%3EThis+year+will+be+one+of+transition+in+the+restaurant+industry+and+labor+challenges+will+continue+to+plague+restaurant+operators%2C+according+to+the+National+Restaurant+Association%26rsquo%3Bs+2022+State+of+the+Restaurant+Industry+report.+The+annual+report+measures+the+restaurant+industry%26rsquo%3Bs+continued+recovery+and+examines+the+status+of+current+and+emerging+trends+across+key+categories+including+technology+and+off-premises+business%2C+operations%2C+workforce%2C+food+and+menus%2C+and+more.%3C%2Fp%3E%0D%0A%3Cp%3E%26ldquo%3BThe+restaurant+and+foodservice+industry+has+adapted+and+is+carrying+on+with+absolute+resilience%2C+so+we%26rsquo%3Bre+optimistic+about+the+path+toward+recovery+in+the+coming+year%2C%26rdquo%3B+said+Marvin+Irby%2C+interim+president+%26+CEO+of+the+National+Restaurant+Association.+%26ldquo%3BWe+still+have+work+to+do+to+ensure+that+those+operators+struggling+the+most+can+survive.%26rdquo%3B%3Cbr+%2F%3E%3Cbr+%2F%3E%3Cem%3EKey+findings+in+this+year%26rsquo%3Bs+NRA+report+include%3A%3C%2Fem%3E%3C%2Fp%3E%0D%0A%3Cul%3E%0D%0A%3Cli%3EThe+foodservice+industry+is+forecast+to+reach+%24898+billion+in+sales+in+2022.%3C%2Fli%3E%0D%0A%3Cli%3EThe+foodservice+industry+workforce+is+projected+to+grow+by+400%2C000+jobs%2C+for+total+industry+employment+of+14.9+million+by+the+end+of+2022.%3C%2Fli%3E%0D%0A%3Cli%3EMore+than+half+of+restaurant+operators+said+it+would+be+a+year+or+more+before+business%26nbsp%3Bconditions+return+to+normal.+Food%2C+labor%2C+and+occupancy+costs+are+expected+to+remain+elevated%2C+and+continue+to+impact+restaurant+profit+margins+in+2022.%3C%2Fli%3E%0D%0A%3Cli%3ENinety-six+percent+of+operators+experienced+supply+delays+or+shortages+of+key+food+or+beverage+items+in+2021+%26ndash%3B+and+these+challenges+will+likely+continue+in+2022.%3C%2Fli%3E%0D%0A%3Cli%3EFifty-one+percent+of+adults+say+they+aren%26rsquo%3Bt+eating+at+restaurants+as+often+as+they+would+like%2C+which+is+an+increase+of+six+percentage+points+from+before+the+pandemic.%3C%2Fli%3E%0D%0A%3Cli%3ERoughly+50%25+of+restaurant+operators+in+the+full-service%2C+quick+service%2C+and+fast-casual+segments+expect+recruiting+and+retaining+employees+to+be+their+top+challenge+in+2022.%3C%2Fli%3E%0D%0A%3Cli%3EBetween+2023+and+2030%2C+the+industry+is+projected+to+add+an+average+of+200%2C000+jobs+each+year%2C+with+total+staffing+levels+reaching+16.5M+by+2030.%3C%2Fli%3E%0D%0A%3Cli%3ESeventy-five+percent+of+operators+said+they+plan+to+devote+more+resources+to+recruiting+and+retaining+employees.%3C%2Fli%3E%0D%0A%3Cli%3EFifty-four+percent+of+adults+say+purchasing+takeout+or+delivery+food+is+essential+to+the+way+they+live%2C+including+72%25+of+millennials+and+66%25+of+Gen+Z+adults.%3C%2Fli%3E%0D%0A%3Cli%3ESeventy+percent+of+Gen+Z+adults+%28age+21%2B%29+and+62%25+of+Millennials+say+the+option+of+including+alcohol+with+a+takeout+or+delivery+order+would+make+them+more+likely+to+choose+one+restaurant+over+another+similar+restaurant.%3C%2Fli%3E%0D%0A%3C%2Ful%3E%0D%0A%3Cp%3ETo+view+the+full+report+click%26nbsp%3B%3Ca+href%3D%22https%3A%2F%2Frestaurant.org%2Fresearch-and-media%2Fresearch%2Fresearch-reports%2Fstate-of-the-industry%3Futm_source%3Dpress%26utm_medium%3Dnews%26utm_campaign%3DSOI2022%22+target%3D%22_blank%22+rel%3D%22noopener%22%3Ehere%3C%2Fa%3E.%3C%2Fp%3E

Published: February 9th, 2022