Cavallaro, Michaela
April 2007
Restaurant Business;Apr2007, Vol. 106 Issue 4, p22
Trade Publication
The article focuses on the tourism industry in the U.S. According to the Travel Industry Association of America (TIAA) predictions, there will be a 1% increase in domestic trips and about a 5% increase in international arrivals in 2007. However, this is lower than what was projected in 2006 and is a matter of concern for operators. According to the National Restaurant Association (NRA), travelers account for 15% of revenue at quickservice restaurants, 25% at casual and family dining establishments and a whopping 40% of revenue at fine-dining restaurants. Anti-American sentiment because of Iraq war and increased tourism in other countries are cited as the reasons for the decline in foreign tourists in the country.


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