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Restaurant & Food Service Industry The National Restaurant Association, the leading trade association for the U.S. restaurant industry, projects that 2006 sales will total $511 billion (an amount equaling 4 % of the U.S. gross domestic product). This industry employs 12.5 million workers, making it the country's largest private-sector employer. Employment opportunities will grow as it is estimated that this industry will add 1.9 million jobs by 2016. It is projected that the overall economic impact of this industry will exceed $1.3 trillion in 2006 as the restaurant industry generates significant sales and employment in related industries. Consumers are spending a greater proportion of their food dollars on meals away from home. While the U.S. restaurant industry's share of the food dollar was 25 % in 1955, this figure is now 47.5%. In 2004, the average U.S. household spent $2,434 on food away from home. This increase has been driven by rising incomes and growing consumer demand for convenience. The food service industry is divided into three general categories: commercial, institutional, and military. The commercial category, by far the largest, has two major segments: full-service and limited service restaurants, the latter also known as fast-food or carry-out restaurants. Among the key industry issues identified by the National Restaurant Association are the following: growing consumer demand for healthy and nutritious menu items, rising energy costs, and increasing consumer demand for even more convenient service options.
Source: "National Restaurant Association 2006 Restaurant Industry Fact Sheet"; "National Restaurant Association Says 2006 Sales Will Exceed Half-Trillion Dollar Mark for Nation's Largest Private-Sector Employer." Both documents available at: National Restaurant Association (www.restaurant.org).
| Code | NAICS Sector ( WHAT is NAICS? ) |
| 722 | Food services and drinking places |
| 7221 | Full-service restaurants |
| 7222 | Limited-service eating places (fast food, carry out) |
| 722211 | Restaurants, carry-out and fast-food (limited service) |
| 722212 | Cafeterias |
| 722213 | Snack and Non-alcoholic beverage bars |
| 7223 | Special food services |
| 72231 | Food service contractors |
| 72232 | Caterers |
| 72233 | Mobile food services |
Databases for Industry Research
Standard & Poor's NetAdvantage
ABI/Inform (via ProQuest)
For additional database choices, see:
Industry Data
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Mintel Reports Tablebase |
NRN-Online
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Darden Restaurants (operates Red Lobster and Olive Garden)
Brinker International, Inc. (operations include Chili's Grill & Bar)
Outback Steakhouse
Applebee's International. Inc
McDonald's
Yum! Brands (brands include KFC, Pizza Hut, and Taco Bell)
Burger King
Wendy's International, Inc.
Food Service Warehouse Education Center
Public resource center featuring a number of articles on choosing the right restaurant equipment and supplies, commercial kitchen care and repair, efficiency in foodservice operation, food and equipment safety etc.
Lexis/Nexis Corporate Affiliations
Business Library, Reference: HG4057.A219
Ward’s Business Directory of U.S. Private and Public Companies
Business Library, Reference: HG4057.A56
Library Collections
Cornell Hotel & Restaurant Administration Quarterly
TX901.C67
Food Management
TX945.S3501
FoodService Director
TX901.F62
FoodService Equipment & Supplies
Foodservice Research International
TX901.J86
Journal of Foodservice
TX901.J86
Journal of Foodservice Business Research
TX911.3.M3J683
Restaurant Business
TP628.S7
Restaurants & Institutions
TX1.I5802
School Foodservice & Nutrition
TX945.2.S36
Domestic Outlook for Travel and Tourism
Business Library, Reference: G155.U6T69
Holiday Dining
Business Library, Reference: TX360.U6H6
Hourly Wages for Foodservice Occupations
Business Library, Reference: HD4966.H72H68
The Restaurant Industry 2010: The Road Ahead
Business Library, Reference: TX943.R475 1999
Restaurant Industry Forecast
Business Library, Reference: TX945.N39
Restaurant Industry Numbers: 25 Year History, 1970-1995
Business Library, Reference: TX945.R476 1998
Restaurant Industry Operations Report
Business Library, Reference: TX911.3.F5L303
Quickservice Restaurant Trends
Business Library, Reference: TX945.Q53
Restaurant Spending
Business Library, Reference TX945.R47
Tableservice Trends
Business Library, Reference: TX909.A1T32
National Restaurant Association
North American Association of Food Equipment Manufacturers
Career Opportunities in the Food and Beverage Industry
Business Library, Reference: TX911.3.V62S56
National Restaurant Association
Select "Careers & Education" from the top menu
Vault Online Career Library (Currently, Vault Guides are facing problems opening in Adobe Reader 8.x. Please see here for using FREE Adobe Digital Editions to access these guides)
Career Guide to Industries (Bureau of Labor Statistics)
Business Library, Reference: HF5382.5.U5 C3162
Occupational Outlook Handbook (Bureau of Labor Statistics)
CAT record for print copies
Business Library, Reference: HD8051.A623
Economics Department | School of Hospitality Management | Department of Recreation, Park & Tourism Management | The Smeal College of Business | Text-only Version
Contact Business Library Webmaster.
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