Type of Submission
The restaurant industry has shown a steady growth since its recent recessionary trough in 2008-2009. Per the latest NRA report, the outlook for this industry appears extremely positive for 2011, with the total annual sales expected to reach a record high of $604.2 billion for the first time in the history of the US restaurant sector. Wall-street experts, however, feel that some serious uncertainties still plague the economic recovery in 2011. Could such economic uncertainties signal rough waters for the recovering restaurant sector in the near future?
"2011 – A Mid-Year Review for Restaurant Firms,"
Journal of Hospitality Financial Management: Vol. 19
, Article 1.
Available at: http://scholarworks.umass.edu/jhfm/vol19/iss1/1