Catering Statistics


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Catering Statistics 2023: Facts about Catering outlines the context of what’s happening in the tech world.

LLCBuddy editorial team did hours of research, collected all important statistics on Catering, and shared those on this page. Our editorial team proofread these to make the data as accurate as possible. We believe you don’t need to check any other resources on the web for the same. You should get everything here only 🙂

Are you planning to form an LLC? Maybe for educational purposes, business research, or personal curiosity, whatever the reason is – it’s always a good idea to gather more information about tech topics like this.

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Top Catering Statistics 2023

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Catering “Latest” Statistics

  • The average business owner within this industry works 59 hours per week, and 80% of caterers focus their business on off-site catering opportunities.[1]
  • The majority of Colorado restaurants (69%) are independently owned and operated.[1]
  • A further in depth investigation indicates that the restaurants, bars, and catering subsector had an investment rate of 13.5%, whilst the lodging services subsector reported a relatively high level of investment equal to 29.8% of its own value added.[1]
  • A lower level for this indicator was registered for the restaurants, bars and catering subsector, but at 12.8 % it was still above the non-financial business economy average of 10.8 %.[1]
  • The Caterers industry in the US is the 10th ranked Accommodation and Food Services industry by market size and the 522nd largest in the US.[1]
  • The market size of the Caterers industry in the US has declined 4.9% per year on average between 2017 and 2022.[1]
  • In 2022, the market size, measured by revenue, of the Caterers industry is $10.6 billion.[1]
  • 20-25% of the average catering bill will be dedicated to alcohol for an open bar reception.[2]
  • Technomic predicts that through 2019, catering revenue will expand at a compound annual growth rate of 5.6%.[3]
  • According to Technomic, 63% of the catering business is made up of catering to customers, commonly known as B2C or social catering.[3]
  • According to Technomic, the entire revenue for the foodservice business was $537.2 billion last year, meaning that catering accounted for 11% of the market.[3]

Catering “Other” Statistics

  • Despite the relatively low productivity, the EU-27’s accommodation and food services sector recorded a gross operating surplus (value added less personnel costs) equivalent to 14.6 % of turnover in 2006.[1]
  • The catering industry boasts 12 billion dollars in total revenue. This is the result of a 9.3% annual growth in the last 5 years.[4]
  • The top 50 catering businesses account for only 15% of the industry’s total wealth.[4]
  • From 2021 to 2031, employment of food service managers is anticipated to expand by 10%, faster than the average for all professions.[5]
  • The entire bill from the caterer to the customer will be subject to sales tax, including the charges for the band, temporary help, cake-cutting service, and the 18% service charge, whether or not those charges are separately stated.[6]

Also Read

How Useful is Catering

One of the most significant advantages of catering is the convenience it offers to individuals and businesses hosting an event. Rather than having to worry about cooking, setting up, serving, and cleaning up, hiring a catering service allows the event organizers to focus on other aspects of the event. This convenience is especially important for large events where the logistics of food preparation and service can be overwhelming.

Additionally, catering services often have the expertise and experience to handle a wide range of dietary restrictions and preferences. Whether it’s vegan, vegetarian, gluten-free, or any other dietary requirement, professional caterers can accommodate the needs of all guests without sacrificing taste or quality. This inclusivity helps create a positive and memorable experience for all attendees.

Furthermore, catering adds a touch of professionalism and sophistication to any event. The presentation of the food and beverages, as well as the level of service provided by caterers, can elevate the overall experience for guests. Whether it’s a sit-down meal with multiple courses or a buffet-style service with various options, catering services can tailor their offerings to suit the tone and style of the event.

Beyond the culinary aspect, catering also extends to the logistical side of event planning. Caterers often provide additional services such as set-up, clean-up, rentals, and even event coordination. This comprehensive approach not only simplifies the event planning process but also ensures that every detail is taken care of, leaving the organizers stress-free and able to enjoy the event themselves.

Moreover, catering services can also help streamline the budgeting process for events. By offering various packages and pricing options, caterers can help event organizers stay within their budget while still providing high-quality food and service. This transparency and flexibility allow for better financial planning and ensure that there are no surprises when it comes to the final bill.

In conclusion, catering plays a vital role in the success of any event, big or small. From providing convenient and professional service to accommodating dietary restrictions and preferences, catering services offer a wide range of benefits that enhance the overall experience for both hosts and guests. By taking care of the culinary and logistical aspects of event planning, caterers allow event organizers to focus on what truly matters – creating unforgettable memories and fostering meaningful connections.

Reference

  1. europa – https://ec.europa.eu/eurostat/statistics-explained/index.php/Archive:Hotel,_restaurant_and_catering_services_statistics_-_NACE_Rev._1.1
  2. piccolotrattoria – https://www.piccolotrattoria.com/wedding-catering-by-the-numbers-infographic
  3. restaurantbusinessonline – https://www.restaurantbusinessonline.com/operations/catering-strategy-key-driving-premise-dollars
  4. italiangardensmtx – https://italiangardensmtx.com/infographic-catering-industry-on-the-rise/
  5. bls – https://www.bls.gov/ooh/management/food-service-managers.htm
  6. ny – https://www.tax.ny.gov/pubs_and_bulls/tg_bulletins/st/caterers_and_catering_services.htm

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