Orlando, Florida; Seattle; Portland, Oregon; Riverside, California; and Austin, Texas, the five U.S. cities most poised for quick-service restaurant growth, new report says
January 9, 2012
– QSR Magazine reported on Jan. 9 that it has named Orlando, Florida; Seattle; Portland, Oregon; Riverside, California; and Austin, Texas, as the five U.S. cities most poised for quick-service restaurant growth.
Orlando was tops on the list in part because of the city’s top-six rankings in population growth, spending and average transaction size. Also, the metro area is estimated to grow another 10% in the next five years.
Seattle has seen a 13% increase in population over the last decade, pushing the total population to nearly 3.5 million. The city also has seen 34% spending growth, according to the American Express Business Insights spending list. Portland, meanwhile, is first in average transaction size with 7% growth and second in spending growth. Population in the city’s metro area now totals more than 2.2 million amid a 15% increase in the last decade.
Riverside has added nearly 1 million residents in the last decade, pushing its population to more than 4.2 million. The Austin area, meanwhile, added more than 466,000 residents from 2000 to 2010, a 37% increase, and now totals a population of 1.7 million. At the same time, employment in the city rose nearly 14%.
The primary source of this article is QSR Magazine, Durham, North Carolina, on Jan. 9, 2012.