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National Restaurant Association - Arizona leads nation in restaurant sales, employment growth

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Arizona leads nation in restaurant sales, employment growth

According to the National Restaurant Association’s 2014 Restaurant Industry Forecast, Arizona will lead the nation in restaurant industry sales growth in 2014, followed by North Dakota and Texas. Arizona is also projected to post the fastest growth in restaurant jobs in the next decade.

“Growth in both restaurant sales and employment is closely tied to what’s going on with economic and demographic trends, which can vary greatly by state and region,” said Hudson Riehle, the NRA’s senior vice president of Research. “States that are expected to have the strongest growth in overall employment, population and real personal disposable income in the year ahead are also forecast to be the most positive when it comes to sales and jobs for restaurants.”

“The states that have the highest volume of restaurant sales and largest workforces by numbers - California, Texas and Florida – are ones that are population-dense and cover large geographic areas,” he added.

The NRA projects that restaurant sales in Arizona will reach $11.0 billion in 2014, up 4.9 percent over 2013. North Dakota’s restaurant sales will rise 4.8 percent to $0.9 billion, and industry sales in Texas will increase 4.7 percent to $42.6 billion. Rounding out the top five are Florida (4.5 percent to $34.7) and Colorado (4.1 percent to $9.8 billion). In comparison, national restaurant industry sales are projected to rise 3.6 percent to $683 billion.

When it comes to restaurant employment growth over the next decade (2014-2024), Arizona is once again expected to set the pace at 15.6 percent (an additional 41,500 jobs), followed by Texas at 15.3 percent (an additional 170,800 jobs), and Florida at 15.0 percent (an additional 134,600 jobs). Nevada and Georgia close out the top five at 14.7 percent (29,200 added jobs) and 14.4 percent (58,400 added jobs), respectively.

Download free snapshots of the restaurant industry in each state on the NRA’s website. For details on the 2014 Restaurant Industry Forecast, go to Restaurant.org/Forecast.

 

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