Restaurateurs See Growth Opportunity Despite Cost Concerns

Over a third of restaurateurs expressed optimism about the economic landscape, according to the 2016 American Express Restaurant Trade Survey. Thirty-nine percent anticipate improving economic conditions and growth opportunities over the next six months, while another 32 percent of those polled expect their businesses to grow regardless of the economic climate.  Restaurateurs are projecting an average revenue growth of 33 percent in 2016.

Danielle Wallis“The results of our American Express Restaurant Trade Survey found that restaurateurs see real opportunities to grow their businesses,” Danielle Wallis, Vice President, Merchant Services-U.S. Industry Development, American Express, told Modern Restaurant Management magazine. “They are constantly looking for ways to innovate, whether it’s through adopting new technology to help them run their businesses, offering new menu items or trying other strategies. These are things that can help restaurateurs keep their existing…