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Unformatted text preview: o “reservation shop”
for casino ventures in Colorado. The industry’s
annual polling on these types of gaming expansion
continues to reflect that 75% of state voters oppose
casinos located outside the historic towns of Black
Hawk, Central City, and Cripple Creek. Restaurants
As the economy continues to slowly improve, the
restaurant industry is also on the road to recovery. In 2012, restaurant-industry growth will be
driven by an improving economic environment,
where growing jobs and income will bolster the
confidence of consumers. A more positive mindset,
along with an improving household financial situation, will allow many consumers to satisfy their
pent-up demand for restaurants that went unfulfilled during the recession.
Unlike other industries, the recent downturn was
not the reflection of a prolonged decline in the
restaurant industry, but rather a temporary pause
in its long-term trajectory. Indeed, the restaurant
industry currently accounts for nearly one-half of
the food dollar in the United States, up from just
25% in 1955. Driven by consumer’s ever-expanding desire for convenience, value, and socialization, America’s restaurants will continue to pla...
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- Spring '13
- The Lottery