Food Industry
Industry: Email Alert RSS FeedAmex: menu prices to rise in 1997
Nation's Restaurant News, Dec 23, 1996
NEW YORK - Menu prices at the nation's restaurants will rise 2 percent to 3 percent in the coming year, according to the 1997 Trends and Forecasts for the Business Travel Industry, conducted by financial-services conglomerate American Express.
The study also projected 1997 foodservice sales of $315.7 billion, a 5-percent rise from the prior-year figure.
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The study also revealed that 6 percent of the companies participating in it have corporate meal-discount programs with area restaurants, a 2-percent rise since 1994.
COPYRIGHT 1996 Reproduced with permission of the copyright holder. Further reproduction or distribution is prohibited without permission.
COPYRIGHT 2008 Gale, Cengage Learning
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