The restaurant industry has been rebounding from the pandemic-driven pullback. Franchise restaurants have fared better during the pandemic and the recovery from it. The fast-casual restaurant market is expected to reach $209.10 billion by 2027, growing at a CAGR of 10.6%.
According to the National Restaurant Association, restaurant sales trended higher despite broad-based price increases this year. Eating and drinking places generated total sales of $85 billion on a seasonally adjusted basis in the past month.
