Is Successful Restaurant Week a Sign of Economic Recovery?
By Michael de Yoanna
Created 2010-04-28 11:15

By: Michael de Yoanna [1]

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Is Successful Restaurant Week a Sign of Economic Recovery?

It took more than a year, but people nationwide are beginning to spend healthy sums of money at restaurants and cafes again. Maybe people are just a bit stir-crazy. Or, maybe it's a sign the economy is rebounding. Some diners are even tacking on dessert, notes The Associated Press [2]. And while most meals weren't fancy and business remains tough, restaurateurs are breathing a sigh of relief, including in Denver, which just concluded a very successful Restaurant Week. The number of meals served rose by 13 percent from a year ago, although part of the jump was the result of more restaurant participation, according to the Denver Business Journal [3]. Restaurant Week, which lasted two weeks in late February and early March, brought 282 dining establishments together to offer three- or four-course, fixed-price meals to attract business during a slow time of year. "I think people are tired of the recession. I think people wanted to get out and have some fun," Rich Grant, with the Denver Convention and Visitor's Bureau, tells 9News [4]. Another sign of economic recovery comes at universities, where graduating seniors are seeing improved potential for finding work. Hiring projections are climbing after bottoming out a year ago, according to Boulder's Daily Camera [5].
Source URL: http://www.5280.com/blogs/2010/04/28/successful-restaurant-week-sign-economic-recovery

Links:
[1] http://www.5280.com/tag/authors/michael-de-yoanna
[2] http://www.google.com/hostednews/ap/article/ALeqM5hQGN8634Yj7DfGIj2nNbV8KWUVCQD9FATJA80
[3] http://denver.bizjournals.com/denver/stories/2010/04/26/daily25.html
[4] http://www.9news.com/money/article.aspx?storyid=137724&catid=344
[5] http://www.dailycamera.com/news/ci_14971142#axzz0mMjBe0zO