Reuters: The National Restaurant Association has said that U.S. restaurants are enduring their toughest time in 17 years as tight credit and falling home prices compel consumers to eat out less or spend less when they do.
"This is the most challenging environment for restaurant operators since 1991,"  said Hudson Riehle, NRA chief economist. "Depending on how consumer spending proceeds in the fourth quarter, it could be the most challenging environment since the early 1980s."
 
So far in 2008, consumers are still spending about half of their food budget at restaurants; however, it appears that spending has been at lower-cost restaurants.

Related Content

User Comments – Give us your opinion!

Features

News

Blogs

User Comments

Products & Services

Low Cost ATM

http://global.networldalliance.com/new/images/products/RL2000_100.gif

1019/Low-Cost-ATM

POS health test: do a quick check

http://global.networldalliance.com/new/images/products/1288.png

1288/POS-health-test-do-a-quick-check

High Quality ATM

http://global.networldalliance.com/new/images/products/4148.png

4148/High-Quality-ATM

Retail ATM - Bar, Lobby, Convenient Store

http://global.networldalliance.com/new/images/products/Triton_RL5000_sm.gif

535/Retail-ATM-Bar-Lobby-Convenient-Store

ARGO - Touch Screen

http://global.networldalliance.com/new/images/products/6017.png

6017/ARGO-Touch-Screen

Recipes

http://global.networldalliance.com/new/images/products/cubanmedianochepizza_100.jpg

1917/Recipes

Facebook Ordering

http://global.networldalliance.com/new/images/products/5935.png

5935/Facebook-Ordering

Quote decoder: how to compare restaurant POS systems

http://global.networldalliance.com/new/images/products/1290.png

1290/Quote-decoder-how-to-compare-restaurant-POS-systems

PeopleMatter ENGAGE™

http://global.networldalliance.com/new/images/products/4630.png

4630/PeopleMatter-ENGAGE

Mexican Style Meats and Taco Filling | Burke Corporation |

http://global.networldalliance.com/new/images/products/Chorizo100.jpg

1298/Mexican-Style-Meats-and-Taco-Filling-Burke-Corporation

Request Information From Suppliers
Save time looking for suppliers. Complete this form to submit a Request for Information to our entire network of partners.