The Washington Times Daily - - NATION -

Some promis­ing news from yet an­other Amer­i­can in­dus­try which ap­pears to be do­ing rather well, thank you. Restau­rant and food-ser­vice rev­enues are fore­cast to top $990 bil­lion by 2021, ac­cord­ing to “Restau­rants & Food­ser­vice: United States,” a new re­port re­leased by Free­do­nia Fo­cus Re­ports, a mar­ket re­searcher.

“In­creases in the pop­u­la­tion and dis­pos­able per­sonal in­come will drive over­all gains in restau­rant and food ser­vice rev­enues. Con­sumers are ex­pected to dine out more of­ten and pur­chase higher-priced of­fer­ings as their in­comes rise,” the or­ga­ni­za­tion pre­dicts. “Rev­enues from fast-ca­sual restau­rants, the fastest grow­ing ser­vice seg­ment, will see gains as mil­len­ni­als ob­tain higher in­comes, sup­port­ing sales of higher-priced menu op­tions. Ad­di­tion­ally, new restau­rant con­cepts will fur­ther drive sales.”

The rev­enue comes from full- and quick-ser­vice restau­rants; snack, bak­ery, and cof­fee shops; bars; tav­erns; and buf­fets and cafe­te­rias.

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