(Gray News) – Will restaurants ever return to pre-pandemic levels? The National Restaurants Association says no.
The trade group released its 2022 State of the Restaurant Industry report, saying this year is the start of a “new normal,” thanks to emerging technology and changes in consumer behavior and dining preferences.
However, the group forecasts $898 billion in restaurant sales in 2022, up from $864 billion in 2019.
Despite the positive outlook, only 25% of restaurant operators believe their restaurant will be more profitable this year. They say they face several challenges, including finding and keeping employees, rising costs, supply chain issues, and a smaller consumer base.
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