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FE&SFlashNews — 2004-12-13 — News

December 13, 2004

NRA Releases 2005 Forecast

The National Restaurant Association has released its Industry forecast for 2005.

According to the NRA, total sales at the country’s 900,000 restaurants should reach a record $476 billion next year, an increase of approximately 4.9% compared to 2004.

Full-service restaurants are projected to post $164.8 billion in sales next year, an increase of about 5% vs. 2004. Limited-service restaurants are forecasted to hit $134.2 billion in sales, a 4.7% year-over-year increase.

The NRA also said that more than 54% of limited-service operations plan to dedicate a higher portion of their budget to remodeling in 2005, with the focus on using interior design and ambiance to attract customers.

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