Study: Restaurant industry added nearly 14k locations in 2018
Within the restaurant industry, the quick-service segment added the most units in 2018.
Driven by population growth and an expanding economy, the restaurant industry continued to add locations at a steady pace in 2018. In fact, the restaurant industry added a net 13,817 establishments in 2018, an increase of 2.2%, according to new data from the Bureau of Labor Statistics, Washington, D.C.
The 2018 expansion followed a strong net increase of 15,169 locations (+2.5%) in 2017, and represented the third consecutive year in which the restaurant industry grew by at least 10,000 establishments.