The IRA’s 2022 State of the Industry Report is Now Available

The National Restaurant Association’s 2022 State of the Restaurant Industry is now available, and IRA members can download a complimentary copy ($349 value) today.

The report measures the restaurant industry’s status on the road to recovery and identifies current and emerging trends across key categories including technology, on- and off-premises business, operations, workforce, food and menus, and more.

Key findings include:

• The food service industry is projected to reach $898B in sales this year.

• The foodservice industry workforce is expected to grow by 400K jobs and reach 14.9M in ’22.

• More than half of restaurant operators said it would be a year or more before business conditions return to normal.

• Food, labor, and occupancy costs will continue to rise, more severely impacting restaurant profit margins in ’22.

• 96% of operators experienced supply delays or shortages of key food or beverage items in ’21; supply chain challenges will continue through ’22.

• 51% of adults say they aren’t eating at restaurants as often as they’d like, which is an increase of 6 percentage points from before the pandemic.

Despite it all, consumers’ pent-up demand for restaurant services remains high.