Spending Gap Between Full-Service and Quick-Service Restaurants Widened During Coronavirus (COVID-19) Pandemic

Keenan Marchesi

Amber Waves:The Economics of Food, Farming, Natural Resources, and Rural America, 2022, vol. 2022

Abstract: The Coronavirus (COVID-19) pandemic sparked an unprecedented shift in the way U.S. consumers spent money on food, particularly at restaurants and other food-away-from-home (FAFH) establishments. To document changes in consumer FAFH spending, researchers from the USDA, Economic Research Service (ERS) recently worked with proprietary data from a market research organization that were collected before and throughout the pandemic. Specifically, ERS researchers used The NPD Group’s Consumer Reported Eating Share Trends (CREST), which provide national estimates of dollars spent at restaurants and other FAFH retailers. In an online survey, consumers reported how much they spent at various outlets and the total spent (including tax but excluding tips) on meals, snacks, or beverages. NPD used these individual-level surveys to generate nationally representative projections of consumer expenditures on a rolling 3-month basis to better understand overall trends. Using a rolling 3-month basis also means the timing of spending patterns lags what might have been expected in a given month.

Keywords: Consumer/Household Economics; Demand and Price Analysis; Financial Economics; Food Consumption/Nutrition/Food Safety; Food Security and Poverty (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uersaw:329717

DOI: 10.22004/ag.econ.329717

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