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U.S. Travel forecasts a 6.3% decrease in inbound international visits to the U.S. for 2025.
And it’s not just tariffs. The immigration crackdown and hardened borders are also hitting the workforce and visitor traffic.
The restaurant industry is up 120,000 jobs year over year.
Major studios are filming more and more outside Los Angeles in states like Georgia and New York.
More than 60% of all purchases last year were made with a credit or debit card, according to the Federal Reserve. That’s up from 45% in 2016.
One issue: Managing the cost of repaying COVID-era loans that they took out to survive in 2020 and 2021.
Sales and hiring have dropped in the restaurant industry amid harsh weather conditions and economic uncertainty.
Consumers spent 1.5% less than they did in January. Is this a worrying sign for the economy?
Many restaurants are leaning more into takeout, which allows the same number of staff to produce more meals.
The average American puts about 60% of their food budget toward groceries and 40% toward eating out, according to Circana.