Upscale Dining Industry Overview

Companies that own, operate, and/or franchise fine-dining restaurants and chains.

Summary

A jacket and tie aren't always required at these restaurants, but a healthy bank account is recommended. The upscale dining segment makes up a small slice of the $500 billion restaurant industry, but what it lacks in numbers it makes up for in opulence.

Full Upscale Dining Industry Description

Industry Employment Growth Steady

Although the pace of job growth slowed during the last recession, the industry has added jobs at a fairly steady pace of 1 to 2 percent per year for the past decade. Demand is higher in rapidly growing markets. Because the industry is highly labor-intensive, job growth is a good indicator of industry volume.

Full Upscale Dining Industry Trends

• Capital Restaurant Concepts, Ltd.
• CHT Corporation
• Clyde, Inc.

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Hoover's has developed its own industry classifications to better serve its customers. These classifications are mapped to the North American Industry Classification System (NAICS) and the older U.S. Standard Industrial Classification (SIC) system. The Upscale Dining maps to a number of NAICS codes including:

Full Upscale Dining Industry Codes

• American Culinary Federation
  
• International Association of Culinary Professionals
  
• International Food Service Executives Association
  

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