Search results
Eating and drinking places will directly contribute $1.4T in output (or sales) to the U.S. economy in 2024 dollars, based on estimates of publicly available 2022 data. That’s roughly equivalent to 6% of real GDP. In addition, in 2022, the industry reported it had 14.2M employees and $472.4B in total labor income.
Restaurant and foodservice industry sales fell by $240 billion in 2020 from an expected level of $899 billion. As of December 1, 2020, more than 110,000 eating and drinking places were closed for business temporarily, or for good. The eating and drinking place sector finished 2020 nearly 2.5 million jobs below its pre-coronavirus level.
Oct 9, 2024 · The pandemic significantly impacted the restaurant industry, reducing its projected worth from $899 billion to $659 billion in 2020, resulting in $240 billion in losses. There was also a 65.91% year-on-year decline in consumers dining in restaurants in the U.S. by January 2021.
Eating and drinking places will directly contribute $1.4T in output (or sales) to the U.S. economy in 2024 dollars, based on estimates of publicly available 2022 data. That’s roughly equivalent to 6% of real GDP. In addition, in 2022, the industry reported it had 14.2M employees and $472.4B in total labor income.
Jul 3, 2023 · The US restaurant industry made $898 billion in sales over 2022, up $166.5 billion from 2021. A total of 110,000 restaurant locations were closed temporarily or permanently over the pandemic in 2020. Restaurant industry sales were $240 billion below pre-pandemic forecasts for the year in 2020.
- (4)
Nov 17, 2020 · Columbus Monthly's 2021 Restaurant Guide. This annual guide to the city's dining scene features more than 1,000 Central Ohio restaurant listings organized by cuisine. Erin Edwards. Columbus Monthly. Columbus Monthly 's extensive guide to the city's dining scene is on newsstands now. This annual publication, published each October, features more ...
People also ask
How much money did the restaurant industry make in 2022?
Was 2020 a good time for the restaurant industry?
How many restaurant employees are out of work in 2020?
How much is the restaurant industry worth in 2020?
How did the food industry perform in 2020?
How much will the restaurant industry contribute to the economy in 2024?
Feb 11, 2021 · More than 170,000 new restaurants opened in 2020 in Ohio. Open in Our App.