The restaurant industry is a major contributor to the global economy, with an estimated $1.752 trillion in revenue generated worldwide in 2020. In the United States alone, fast food restaurants make up 50% of all sales within this sector and 15.3 million people were employed by it in 2019. The average American spends 48% of their food budget on eating out at restaurants while Starbucks was the largest chain that year with sales totaling $21.38 billion dollars – though profit margins for most establishments are typically between 3-5%.
Unfortunately, approximately 60% of new restaurants fail within their first year due to various factors such as competition or lack of capital investment; however, despite these challenges there has been significant growth over recent years including a 200% increase in delivery services from third party apps and an overall value for quick service restaurants reaching 273 billion US dollars last year. This blog post will explore some key statistics about the restaurant industry so you can gain insight into its current state and future prospects.
Restaurant Industry Statistics Overview
15.3 million people were employed in the US restaurant industry in 2019.
This statistic is a powerful indicator of the size and scope of the US restaurant industry. It demonstrates the sheer number of people employed in the sector, and the impact it has on the economy. It also serves as a reminder of the importance of the restaurant industry in providing jobs and livelihoods to millions of people.
The average American spends 48% of their food budget on restaurants.
This statistic is a telling indication of the importance of the restaurant industry in the lives of Americans. It highlights the fact that restaurants are a major part of the food budget for many people, and that the industry is a major contributor to the economy. It also shows that the restaurant industry is a major source of employment and income for many people. This statistic is an important reminder of the importance of the restaurant industry in the lives of Americans.
In 2019, Starbucks was the largest restaurant chain in the United States, with sales of $21.38 billion.
This statistic is a testament to the success of Starbucks in the restaurant industry. It highlights the company’s ability to remain competitive and profitable in a highly saturated market. It also serves as a reminder of the importance of staying ahead of the curve in terms of innovation and customer service. Furthermore, it provides insight into the overall size and scope of the restaurant industry in the United States.
Approximately 60% of new restaurants fail within their first year.
This statistic is a stark reminder of the immense challenge that restaurateurs face when starting a new business. It highlights the importance of careful planning and preparation when launching a restaurant, as well as the need for ongoing support and guidance to ensure success. It also serves as a warning to potential investors, demonstrating the risks associated with investing in the restaurant industry.
In 2019, the quick-service restaurant industry was valued at $273.55 billion in the United States.
This statistic is a testament to the immense size and scope of the quick-service restaurant industry in the United States. It serves as a reminder of the sheer economic power of the industry, and the impact it has on the lives of millions of Americans. It is a powerful reminder of the importance of the restaurant industry in the US economy, and the need to ensure its continued success.
The full-service restaurant (FSR) segment’s workforce was around 5.15 million persons in the United States in 2019.
This statistic is a telling indication of the size and scope of the full-service restaurant segment in the United States. With over 5 million people employed in this sector, it is clear that the FSR segment is a major contributor to the US economy. This statistic is a powerful reminder of the importance of the restaurant industry and its impact on the lives of millions of Americans.
The limited-service restaurant (LSR) segment’s workforce was around 4.98 million persons in the United States in 2019.
This statistic is a telling indication of the size and scope of the limited-service restaurant segment in the United States. With nearly 5 million people employed in this sector, it is clear that the LSR segment is a major player in the restaurant industry. This statistic is a powerful reminder of the importance of the LSR segment to the overall restaurant industry and the economy as a whole.
In 2020, 46% of restaurant operators considered off-premise sales as their primary business.
This statistic is a telling indication of the impact the pandemic has had on the restaurant industry. It shows that nearly half of restaurant operators have had to pivot their business model to focus on off-premise sales in order to stay afloat. This statistic is a powerful reminder of the challenges the restaurant industry has faced in 2020 and the resilience of the operators who have adapted to the changing landscape.
In 2019, the restaurant at the top of the list of the 100 largest US independent restaurants by food and beverage revenues was Tao Las Vegas, with revenues of approximately 42 million U.S. dollars.
This statistic is a testament to the success of Tao Las Vegas in the restaurant industry. It highlights the fact that the restaurant has achieved a level of success that puts it at the top of the list of the 100 largest US independent restaurants by food and beverage revenues. This is an impressive feat and serves as an example of what can be achieved in the restaurant industry.
In 2020, 1.3 trillion delivery transactions occurred in the restaurant industry.
This statistic is a testament to the sheer magnitude of the restaurant industry. It highlights the sheer volume of transactions that occur in the restaurant industry, demonstrating the immense size and scope of the industry. It is a powerful reminder of the importance of the restaurant industry in our lives and the economy.
The global restaurant industry had a growth rate of -16.7% in 2020, due to the COVID-19 pandemic.
This statistic is a stark reminder of the devastating impact the COVID-19 pandemic has had on the global restaurant industry. It serves as a reminder of the immense challenges faced by restaurant owners and employees, and the need for continued support and assistance to help the industry recover.
In 2021, the average monthly revenue per seat in the U.S. restaurant sector was $3,760.
This statistic is a telling indication of the financial health of the U.S. restaurant sector. It provides insight into the average revenue generated by each seat in the sector, which can be used to gauge the overall performance of the industry. This statistic is especially important in the context of a blog post about restaurant industry statistics, as it provides a snapshot of the sector’s financial standing and can be used to compare the performance of different restaurants.
The global online food delivery market was worth $136.4 billion in 2020.
This statistic is a testament to the immense growth of the online food delivery market, highlighting the importance of the restaurant industry in today’s digital world. It is a clear indication that the restaurant industry is a major player in the global economy, and its influence is only expected to increase in the coming years. This statistic is a valuable insight into the current state of the restaurant industry, and it is essential for anyone looking to gain a better understanding of the industry.
There were approximately 1.1 million table service restaurants worldwide in 2019.
This statistic is a testament to the sheer size and scope of the restaurant industry. It highlights the fact that restaurants are a major part of the global economy, and that they are a major source of employment and revenue for many countries. It also serves as a reminder of the importance of the restaurant industry in providing food and services to people around the world.
U.S. restaurant industry food and drink sales amounted to $659.3 billion in 2021, recovering from the pandemic.
This statistic is a testament to the resilience of the U.S. restaurant industry in the face of the pandemic. Despite the economic downturn, the industry was able to recover and reach a new high in 2021. This is a remarkable achievement and a great example of the power of the restaurant industry to weather difficult times.
There were approximately 660,755 restaurants in the United States in Spring 2018.
This statistic is a testament to the sheer size and scope of the restaurant industry in the United States. With over 660,000 restaurants, it’s clear that the restaurant industry is a major contributor to the economy and provides countless jobs to Americans. This statistic is a powerful reminder of the importance of the restaurant industry and its impact on the nation.
Conclusion
The restaurant industry is a major contributor to the global economy, generating over $1.752 trillion in revenue in 2020 and employing millions of people around the world. Fast food restaurants make up half of all sales within the United States, while Americans spend 48% of their food budget on dining out at restaurants. Starbucks was found to be the largest chain with revenues reaching $21.38 billion in 2019, but profit margins for most establishments are relatively low at 3-5%. Unfortunately, many new businesses fail within their first year due to various factors such as competition or lack of capitalization; however there has been an increase in off-premise sales which have helped some survive during difficult times like those caused by COVID-19 pandemic that saw a 16.7% decrease globally from 2019 – 2020 yet still managed to reach 1.3 trillion delivery transactions last year alone.
The U.S market also experienced growth this past 2021 with average monthly revenue per seat being reported at $3,760 and total food & drink sales amounting to nearly 660 billion dollars – recovering from its losses incurred during 2020 when third party app deliveries grew by almost 200%. With approximately 1 million table service restaurants worldwide and an estimated 660 thousand located solely within America’s borders it’s clear that despite challenges faced throughout recent years this sector remains strong and continues growing steadily into what looks like a promising future ahead.
References
0. – https://www.businessinsider.com
1. – https://www.restaurantbusinessonline.com
2. – https://www.restaurant.org
3. – https://www.usatoday.com
4. – https://www.restaurantdive.com
5. – https://www.statista.com
