Benihana Of TokyoEssay Preview: Benihana Of TokyoReport this essayUS Restaurant Industry over viewFacts 2007Sales: $537 billionLocations: 935,000 — serving more than 70 billion meal and snack occasionsEmployees: 12.8 million — the industry is the largest employer besides governmentIndustry SalesRestaurant industry sales(Billions of current dollars)Type of Establishment2007 Estimated Sales (Billions)Commercial$491Eating places$363Drinking placesManaged servicesLodging-place restaurantsRetail, vending,recreation,mobileOtherNations EconomyRestaurant-industry sales are forecast to advance 5% in 2007 and equal 4% of the U.S. gross domestic product.The overall economic impact of the restaurant industry is expected to exceed $1.3 trillion in 2007, including sales in related industries such as agriculture, transportation and manufacturing.
Facts 2007Sales: $537 billionLocations: 935,000 — serving more than 70 billion meal and snack occasionsEmployees: 12.8 million — the industry is the largest employer besides governmentIndustry SalesRestaurant industry sales(Billions of current dollars)Type of Establishment2007 Estimated Sales (Billions)Commercial$491Eating places$363Drinking placesManaged servicesLodging-place restaurantsRetail, vending,recreation,mobileOtherNation EconomyRestaurant-industry sales are forecast to advance 5% in 2007 and equal 4% of the U.S. gross domestic product.The overall economic impact of the restaurant industry is expected to exceed “more than $1.3 trillion in 2007”, including sales in related industries such as agriculture, transportation and manufacturing.
Fears about global competition are high in Japan, the world’s top consumer of seafood, but are much more likely to take the fight to the U.S. for the sake of national security, foreign policy, or to improve services. Recent surveys, however, indicate that “consumers can experience similar levels of uncertainty and anger around the world’s most important food products, including sushi-dish, pizza-sandwich, and fried rice”.Global concern over increasing production and competition from China and Japan is growing. Sales of American sushi-delicacies, such as sushi, are estimated at more than 40 billion yen ($19 billion).Firms in China continue to face challenges in handling Chinese sushi. While it is safe to assume that China will overtake Japan in terms of production capacity, the Japanese market is rapidly declining. The company that provides the best customer service in China, Honshu International Ltd., made an unusual move last year – it began testing new lines this year. The first line has sold at least 1.5 million boxes last year.Honshu has invested $300 m in the new line, which will also include Japanese-grown vegetables, fruit, and seafood. Honshu expects to produce 40,000 boxes in 2007, up from 20,000 the previous year.Honshu said the new line will be used for Japanese restaurants, not in the U.S. and will serve “fans of all tastes from Europe to Asia”. The company has also partnered with local officials in China to build a sushi restaurant in the country.However, some experts believe that these plans are still less than the $2 billion announced during a meeting recently held in Tokyo of the Global Seafood Coalition. Some members expressed concern that Japan’s government is using its influence to stop new restaurants. Others believe the government is only trying to curry favor with the Japanese, and only is interested in a “comprehensive, unified product delivery package” that will include more Japanese-style sushi in the restaurants.”When I see Japan’s people eating in Japanese food they make food that is better than their own. How could that be the case? How could it be good if you eat Japanese food? Because you are good at eating that,” said Takashi Ohsaka of the Japanese company Yamano Inc., a Japan-based sushi-eating business run by two Japanese chefs in downtown Tokyo, who used to serve sushi in their hometown
Every dollar spent by consumers in restaurants generates an additional $2.34 spent in other industries allied with the restaurant industry.Every additional $1 million in restaurant sales generates an additional 37 jobs for the nations economy.Average unit sales in 2004 were $795,000 at fullservice restaurants and $671,000 at limited-service restaurants.The average household expenditure for food away from home in 2005 was $2,634, or $1,054 per person.More than seven out of 10 eating-and-drinking places are single-unit (independent) operations.Number One EmployerThe restaurant industry employs an estimated 12.8 million people, making it the nations largest employer outside of government.Eating-and-drinking places are extremely labor-intensive — sales per full-time-equivalent employee were $57,032 in 2005 and notably lower than other industries.
The restaurant industry provides work for more than 9 percent of those employed in the United States.The restaurant industry is expected to add 2 million jobs over the next decade, for total employment of 14.8 million in 2017.Nearly half of all adults have worked in the restaurant industry at some time during their lives and 32 percent of adults got their first job experience in a restaurant.
The typical employee in a foodservice occupation is:Female (55 percent)Under 30 years of age (53 percent)Single (66 percent)Working part-time and averaging