U.S. Restaurant Count Declines 2 Percent Inline with Foodable Predictions

U.S. Restaurant Count Declines 2 Percent Inline with Foodable Predictions
  • Paul Barron breaks down his top eight predictions for the restaurant industry.

  • Vegans, mobile payments, and off-premise leading the way spearhead Paul Barron’s 2018 predictions.

    The NPD Group's 2017 fall census has revealed a 2 percent drop in the number of U.S. restaurants, to 647,288 units, over the previous year, according to "Nations Restaurant News."

    Independent restaurants saw the greatest difference with a 3 percent decline, while the unit count for chains remained flat.

    “The U.S. restaurant count is reflective of what’s happening in the foodservice industry today overall,” said Bonnie Riggs, NPD’s restaurant industry analyst, in a statement. “To expand or not expand units is a calculated decision on the part of restaurant operators.”

    A decision Foodable restaurant guru Paul Barron says has been impacted by the rise in demand for off-premise meals and the growth of online companies like Amazon.

    "There's a lot more pressures from online delivery and also the aspect of e-commerce, meal kits, and the likes that are really impeding on how a restaurant is going to grow."

  • Chain counts grew to 301,183 units, a 982-unit increase, which kept the total count flat compared with fall 2016, the NPD Group's report found.

    The total number of independent restaurants declined to 346,105 units, a decrease of 10,952 units from the same period last year, according to the census, which NPD conducts each spring and fall.

    Quick-service restaurant locations declined by 1 percent, to 353,121 units, the report found. Fast-casual chains, which NPD categorizes within quick service, increased unit count by 4 percent, to a total of 25,118 locations.

    Full-service restaurant units, which include casual dining, family dining, and fine dining, fell 2 percent, to 294,167 units in fall 2017, according to NPD.

    The fall census includes all restaurants open as of Sept. 30, 2017. See more about this data at "Nations Restaurant News."

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2018 Power Predictions From Restaurant Guru Paul Barron

2018 Power Predictions From Restaurant Guru Paul Barron
  • Paul Barron breaks down his top eight predictions for the restaurant industry.

  • Vegans, mobile payments, and off-premise leading the way spearhead Paul Barron’s 2018 predictions.

In this episode of Plugged In, Paul Barron breaks down his top eight predictions for 2018.  

2017 was an interesting year for the industry. It’s safe to day that we had one of the most interesting years on record. We saw delivery take over the food service landscape, sexual harassment claims topple industry giants, minimum wage laws finally pass, alternative protein companies do the impossible, hurricanes, fires, floods, TRUMP– and with all the innovation we ate good man, really good.

So what’s in store for 2018? 

Every year, Foodable puts out predictions guided by our CEO Paul Barron. This year we wanted you to hear them straight from the horse’s mouth. If this year goes anything like 2017, we are excited for the ride. Find out what Paul thinks the industry has in store for 2018. Some of these predictions might even surprise you.

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