The restaurant industry in Texas is expected to post 4.8 percent sales growth in 2015 to reach $44.5 billion according to the National Restaurant Association’s 2015 Restaurant Industry Forecast and trends report.
Texas restaurants will employ 1.2 million individuals next year and create an additional 260,700 jobs in the next decade.
“Once again Texas is among the nation’s leaders in restaurant sales growth and first in the nation in restaurant employment growth. With $44 billion in sales, the Texas restaurant industry continues to be a cornerstone of the community and the economy,” said Richie Jackson, CEO of the Texas Restaurant Association.
While the operating environment for America’s one million restaurants remains challenging, 2015 will mark the sixth consecutive year of real sales growth for the industry. Overall, industry sales are projected to reach $709.2 billion in 2015, up 3.8 percent from 2014.
This year also will mark the 16th consecutive year in which restaurant industry employment will outpace overall employment growth. Restaurants will employ 14 million individuals this year as the nation’s second-largest private sector employer, representing about 10 percent of the total U.S. workforce.