Households drive market demand, with household spending representing 80.6% of total demand in 2023. Starbucks Corp is the largest company in the US, generating 2.1% of the industry’s total turnover value in 2023. The industry is fragmented, with the top five companies generating 6.2% of total production value in 2023. The total number of companies increases in 2023, to 786,561 units. The costs of the industry increase by 9.8% in 2023, largely driven by rising labour costs. The industry’s profitability increases and stands at 11.1% of turnover in 2023, the 12th highest across the top 20 developed countries. With turnover of USD1.1 trillion, the US accounts for 94.0% of the North America total in 2023.
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Overview:
This Euromonitor industrial report provides unique information on Restaurants and Bars in the US: ISIC 552. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Restaurants and Bars in the US: ISIC 552 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
The Hotels and Restaurants in USA report includes:
- Five year forecasts on industry’s historic trends and growth
- Insights on key factors shaping industry’s historic and future performance
- Historic data on industry’s turnover, market size, imports and exports
- Detailed overview of industry’s supply and demand structure
- Analysis of competitive landscape changes within the industry
This report answers:
- What is the turnover of the Hotels and Restaurants?
- How the Hotels and Restaurants will perform in the future?
- Which categories are driving industry's growth?
- Which factors will shape industry’s performance?
- What is the industry’s costs and demand structure?
- How profitable is the industry?
- Is industry’s competitive landscape concentrated or fragmented?
Restaurants and Bars in the US: ISIC 552
HEADLINES
Hotels and Restaurants
This is the aggregation of hotels and camping sites and restaurants, bars and canteens.
See all of our definitionsBuy this report to:
- Understand future opportunities and threats within the industry
- Track demand and supply structure
- Understand competitive landscape of the industry
- Inform market, strategy development and supply functions
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