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Holiday party outlook good for restaurants

Hospitality Holdings and Starr Restaurant Organization are among the restaurant operators that are seeing increased business during the holiday season.

This holiday party season looks to be a good one for restaurants, with many operators reporting an increase in bookings, in money spent per person, in repeat business, or all three.

“While consumers and businesses are still cautious, having modest income growth and tighter budgets than they had pre-recession, the economic climate is in a better place than it was a year ago," said Hudson Riehle, senior vice president of research for the National Restaurant Association.

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