Older Boomers: Bad for Business
Photo: Media Bakery
The aging of America isn’t simply straining the Social Security system. It’s also likely to curtail restaurant visits, according to The NPD Group.
A recent NPD report, “A Look into the Future of Foodservice,” projects that, while the U.S. population should grow 1.1 percent a year over the next decade, annual visits to restaurants will grow by only 8 percent total during that period.
Blame the baby boomers.
“The aging effect on the restaurant industry will be slightly negative because of aging Baby Boomers,” says Bonnie Riggs, NPD’s restaurant industry analyst and author of the report. “A greater share of visits will source to those 50 years and older in 2019, but as consumers age they become less frequent restaurant users. This means the restaurant industry will have heavier dependence on lighter buyers.”
Clearly other factors are eroding restaurant traffic. The economy is a big one. And Riggs says Americans are eating dinner at home more, while fewer women are entering the workforce—leaving them less discretionary income and more time to cook.
Riggs also observes that this is not necessarily all bad. While they can’t influence the rate of population growth or aging, operators can look for ways to capture more business based on positive trends—breakfast and snacking, for instance, are on the rise.
Want to use this article? Click here for options!
© 2012 Penton Media Inc.
Acceptable Use Policy blog comments powered by Disqus
Sign up for RH's events, products and services!
advertisement
InThisIssue
Features
-Low-Ball Luxury
Editorial
-The Waiter's Stoned and the Cook Quit
Tricks of the Trade
-Right Site
10 Thoughts
-A Digital Signage Primer
Well-Equipped
-How to Buy the Right Food Processing Equipment
New in 2010! Receive the print edition by mail or as a digital edition! Sign up for the Digital Edition or update your subscription here.
advertisement
Gail Bellamy interview
RH Executive Food Editor Gail Bellamy was recently at the Natural Products Expo West in Anaheim, CA. Here's just a sampling of what she found.Check out the video
NRA Show Videos & Issue Highlights
See new products, services and ideas we found at the 2011 show.
advertisement
FollowUs



ShareThis




