In his latest commentary, the National Restaurant Association's Chief Economist Bruce Grindy breaks down the latest restaurant establishment trends on the metropolitan area level. The New York metropolitan area led the nation in restaurant location growth in 2010, while New Orleans registered the strongest growth in percentage terms.
On the national level, the restaurant industry added nearly 7,700 eating and drinking place establishments* in 2010, according to data from the Bureau of Labor Statistics. As mentioned in a previous post, trends were mostly positive on the state level in 2010, with 41 states (including the District of Columbia) adding locations and just 10 states losing locations in 2010.
Drilling down to the city level, the New York metropolitan area added a net 1,714 locations in 2010, easily the strongest growth among U.S. cities. The Boston area added a net 345 restaurant establishments in 2010, while Chicago’s restaurant industry grew by 318 locations.
In percentage terms, the New Orleans metro area set the pace with a solid 8.6 increase in eating and drinking place establishments in 2010. The Raleigh, New York and Jacksonville metropolitan areas all added eating and drinking place locations at rates of more than 4 percent in 2010.
On the flip side, the Atlanta metropolitan area lost a net 83 eating and drinking place locations in 2010, a 0.9 percent decline from its 2009 level. Sacramento lost a net 53 eating and drinking place establishments in 2010 (a 1.5 percent decline), while Detroit and Las Vegas registered location declines of 48 and 45, respectively.
*The establishment figures, which are based on unemployment insurance filings of businesses that have wage and salary employees, represent the most comprehensive census of establishments with payroll employees on the national, state and local levels.
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Eating and Drinking Place Establishments in the Top 50 Restaurant Markets
Source: National Restaurant Association analysis of Bureau of Labor Statistics data