Tag "industry economics"

Back to homepage
Full Service Lodging News Room Quick Service

Restaurants are filling all rungs on the career ladder

One-half of limited-service restaurant job openings in 2016 were filled by either new entrants to the workforce or people being promoted from other positions within the same restaurant, according to the NRA’s Chief Economist Bruce Grindy.

Full Service Lodging National News Room Quick Service

Hospitality employee turnover rate edged higher in 2016

The turnover rate in the hospitality sector topped 70 percent for the second consecutive year, but still remained below pre-recession levels, according to the NRA’s Chief Economist Bruce Grindy.

Full Service News Room Quick Service

Eye on Hospitality: Don’t Forget the Baby Boomers

The restaurant industry is abuzz with talk about Millennials – and for good reason. Millennials, born roughly between 1982 and 2000, make up the largest age cohort in the U.S. Naturally, restaurants will want to cater to their interests, tastes and expectations. They are, after all, the future. But restaurateurs ignore the still formidable though declining Baby Boom Generation at their own peril.

Industry News Lodging News Room

Lodging News: First Aid Classes, Tourism Marketing Bill

First Aid, CPR and AED training helps you meet state requirements Did you know that all employers in Washington state are required to have first-aid trained personnel available on every

Full Service Lodging News Room Quick Service

Eye on Hospitality: Getting Washington on Track with Tourism

In 2014, domestic and international travelers spent $15.7 billion in Washington state. 113,100 jobs were created by travelers to Washington, representing 4.5 percent of the state’s total private employment. For every $1 million spent in Washington by domestic and international travelers, 7.2 jobs are created.

Full Service Lodging Magazine News Room Quick Service

Get Your Slice of the Tourism Pie

Tourists infused an estimated $20.7 billion into Washington state in 2015, according to Dean Runyan Associates data.

News Room

Eye on Hospitality: Restaurants, Hotels Set for Big Business on Super Bowl

By Paul Schlienz Super Bowl Sunday is coming soon, on Feb. 5, and take-out delivery is likely to do major business on the big day. Approximately 48 million Americans order

Full Service Magazine News Room Quick Service

Teen Employment: Everybody Wins

The hospitality industry plays a key role in our state’s employment health. One out of 33 people in Washington is employed in a restaurant, making our industry the main pipeline to enter the workforce. Restaurants in the quick service sector play a particularly important role when it comes to jobs.

Full Service Lodging News Room Quick Service

Eye on Hospitality: Holiday Outlook

By Paul Schlienz The winter holiday season, commencing with Thanksgiving and extending to New Year’s Day weekend, is always an important time for restaurants and hotels, but there are big

Full Service Lodging News Room Quick Service Washington Hospitality Weekly

Weekly Update: State Releases Economic Forecast

State Releases Economic Forecast On Wednesday, Washington’s Economic and Revenue Forecast Council projected approximately $354 million in extra revenue by 2019, beyond what was previously anticipated thanks, in large part,

Full Service News Room Quick Service

Employee tenure remains above pre-recession levels

Although median tenure of restaurant employees trended lower in recent years, it still remains above pre-recession levels, according to the NRA’s Chief Economist Bruce Grindy.

Full Service News Room Quick Service

Washington Restaurant Market Watch: Restaurants See Lower Commodity Costs

The current environment is a tough one for restaurants. With rising labor costs and lower sales, restaurants struggled during the first half of 2016. The industry, however, has found relief in lower commodity costs.

Full Service News Room Quick Service

Washington Restaurant Market Watch: Terror Fears Dampen Restaurant Sales

Last weekend’s terrorism incidents in New York, New Jersey and Minnesota will likely depress restaurant sales, according to data from Technomic.

Full Service News Room Quick Service

Consumer spending remains uneven

The August sales report is another indication that consumers continue to pick their spots carefully, despite the steady job growth and rising household income, according to the NRA’s chief economist Bruce Grindy.

Full Service News Room Quick Service Resources

How does household-income growth affect restaurants?

Household income registered a solid increase in 2015, according to new figures from the U.S. Census Bureau. Real median household income was $56,516 in 2015, up 5.2 percent from 2014 and the strongest annual increase since data reporting began back in 1967.