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Travel and Tourism Week Winds Record-Breaking Support |
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Wednesday, 09 May 2012 00:00 |
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Representing
the 14.4 million U.S. jobs supported by the U.S. travel industry, employees
nationwide planned rallies May 8 to highlight the jobs and economic impact
created by travel, the U.S.Travel Association reports. With more
than 120 cities and states holding rallies and events, this year's National
Travel and Tourism Week nearly doubles last year's participation and sets a new
record, U.S. Travel says. |
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Restaurant Performance Index Closes Out Q1 at Post-Recession High |
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Monday, 30 April 2012 15:08 |
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Restaurant operators reported
positive same-store sales for the tenth consecutive month; Operators’ outlook
for capital spending at its highest level in more than four years
(Washington, D.C.) Driven
by solid same-store sales and traffic results and an increasingly bullish
outlook among restaurant operators, the National Restaurant Association’sRestaurant
Performance Index (RPI)
matched its post-recession high in March. The RPI – a monthly composite
index that tracks the health of and outlook for the U.S. restaurant industry –
stood at 102.2 in March, up 0.3 percent from February and equaling its
post-recession high that was previously reached in December 2011. In
addition, the RPI stood above 100 for the fifth consecutive month in March,
which signifies expansion in the index of key industry indicators. “The first quarter finished strong with a
solid majority of restaurant operators reporting higher same-store sales and
customer traffic levels in March,” said Hudson Riehle, senior vice president of
the Research and Knowledge Group for the Association. “In addition, restaurant
operators are solidly optimistic about sales growth and the economy in the
months ahead, which propelled the Expectations component of the RPI to its
highest level in 15 months.”
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