New York Restaurants Tap Corporate Catering Market
With over 42,610 locations, New York restaurants are projected to generate $33.6 billion in sales this year, says the National Restaurant Association. A growing number of New York restaurants are adding drop-off catering to increase profits and diversify operations. Catering continues to be big business for restaurants. As a group, restaurants account for nearly five times the catering revenue of retailers—$19.3 billion annually versus $4.0 billion, says a recent study by Technomic.
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