The restaurant business would appear to have a lot of factors in its favor, according to a lay-of-the-land look at the industry by Jonathan Maze in trade publication Nation's Restaurant News. These include low gas prices, a growing economy, and rising consumer confidence.
Yet analysts project that restaurant traffic growth will remain "stagnant" in the years to come. How come? One reason is that millennials, many of whom came of age in the crucible of the recession, continue to eat at home. "They've gotten used to being at home," Bonnie Riggs, an industry analyst, told Maze. "A lot are cooking. They like it. Many say they love it."
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
A growing iodine deficiency could bring back America's goiterUnder the Radar Ailment is back thanks to complacency, changing diets and a lack of public-health education
-
Today's political cartoons - November 10, 2024Cartoons Sunday's cartoons - civic duty, uncertain waters, and more
-
5 ladylike cartoons about women's role in the electionCartoons Artists take on the political gender gap, Lady Liberty, and more
-
Quincy Jones, music icon, is dead at 91Speed Read The legendary producer is perhaps best known as the architect behind Michael Jackson's 'Thriller'
-
OJ Simpson, star athlete tried for murder, dead at 76Speed Read The former football hero and murder suspect lost his battle with cancer
-
Momofuku's 'Chili Crunch' trademark uproarSpeed Read The company's attempt to own the sole rights has prompted backlash
-
Kevin Hart awarded Mark Twain PrizeSpeed Read He is the 25th recipient of the prestigious comedy prize
-
Is Downton Abbey set to return for a final film?Speed Read Imelda Staunton reveals that a third movie may be in the pipeline
-
'Oppenheimer' sweeps Oscars with 7 winsspeed read The film won best picture, best director (Christopher Nolan) and best actor (Cillian Murphy)
-
'Rust' armorer convicted of manslaughterspeed read The film's cinematographer Halyna Hutchins was shot and killed by actor Alec Baldwin during rehearsal
-
The Beatles are getting 4 intersecting biopicsSpeed Read Director Sam Mendes is making four separate movies, each told from the perspective of one band member
