Restaurant traffic expected to slow as population ages

Restaurant traffic growth is projected to lag the nation's annual population growth over the next 10 years as aging baby boomers dine out less frequently, according to The NPD Group.

In its study, “A Look into the Future of Foodservice,” NPD projected that annual visits to restaurants would increase 8 percent by 2019. That works out to about 0.8 percent per year, which lags the 1.1-percent annual growth rate in the nation’s population expected during that time.

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