Is the restaurant industry rebounding?
Some industry-watchers think so. The NRA recently released results of a monthly survey that showed promising upticks in restaurant operator confidence and consumer spending planning. Optimists cite this as evidence that the economy as a whole may soon be pulling out of the recession, given that many people first cut spending at restaurants in tough times—and increase that spending in better times.
On the other hand, current restaurant business statistics remains at levels indicating industry contraction (albeit a slowed contraction). You can read more about it at Nation’s Restaurant News.
I’m sure we’d all like to believe that the restaurant industry’s situation is improving, but what have you seen firsthand? Are sales up? Flat? Many argue that the recession will produce a “new breed of consumer,” a value-conscious buyer with tight purse strings. What do you think? Post your thoughts below!
