Rising Healthcare, Student Debt Hurting Restaurant Industry

December 6, 2016

A confluence of squeezed consumer wallets, the rising cost of dining out, and changing needs and wants has brought the U.S. restaurant industry traffic growth to a halt in the first two quarters of 2016 and into the negative in the third quarter, reports The NPD Group, a leading global information company. Total foodservice visits declined by 1 percent in the third quarter compared to same quarter last year, and quick service restaurant traffic, which represents 80 percent of total industry visits, dropped for the first time in five years, according to NPD’s ongoing foodservice market research.

“The term growing