Earlier this month, the National Restaurant Association released its 2023 State of the Restaurant Industry Report.

The news is positive.

• Sales are forecast to reach $997 Billion, up from $937 Billion in 2022.
• The foodservice industry is forecast to add 500,000 jobs in 2023.
• More than 9 in 10 operators say they plan to keep outdoor dining options and alcohol to-go if permitted.
• Elevated consumer spending is supported by increased household savings and increased use of credit cards.
• In November, eating and drinking places registered the 4th consecutive month with a sales increase of at least .9%.
• In February, eating and drinking places added 69,900 jobs according to the Bureau of Labor Statistics.
• February marked the 26th consecutive month of industry employment gains.
• 64% of adult consumers say restaurants are essential to their lifestyle.