QSR Industry to See Growth in 2013, Says Report

Quick service restaurants (QSR) will remain popular this year and not only keep current momentum but continue to grow, according to a recent study by the National Restaurant Association.  Researchers predict that the average adult will visit a restaurant 5.2 times per week and account for 71 percent of QSR sales. Despite industry predictions, many QSRs are still hesitant about future growth. Twenty-eight percent of QSRs and 18 percent of fast casual restaurants believe that the economy will get worse in the coming year, according to the study. On the flip side, the report found that consumer’s personal income will grow in 2013 and boost sales along with it. The restaurant industry as a whole is estimated to reach $660 billion in the next year, a 3.8 percent increase from 2012.