Slow Growth Seen For Restaurant Market
The restaurant market will continue to grow slowly over the next four years, but a projected annual growth rate of just over 3 percent beats the 2 percent average of the prior four years, an exclusive report compiled for National Underwriter by MarketStance reveals.
In addition to growth rates, the Middleton, Conn.-based MarketStance reports $5 billion in premiums for the sector falling predominately in the full-service restaurant and limited-service (no wait service) categories.
MarketStances business demographic forecasts start from employment forecasts from www.Economy.com, a macroeconomic forecasting firm in Philadelphia, according to Frederick Yohn, the founder of MarketStance, which develops market analysis tools for property-casualty insurers.
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