Restaurant Visits Hit 6 Year High
July 29, 2015
Restaurant Visits Up
It appears that restaurant owners across the country can finally breathe a sigh of relief. According to evidence collected today from the NPD Group, the restaurant industry has put the economic slump in their past.
In the interval between May 2014 and May 2015, restaurant traffic hit a six year high. In tandem, restaurant owners are finding that their customers are signing more expensive checks, resulting in a 3-percent increase in consumer spending at restaurants and food service outlets.
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Electric Advisors, Inc. wants to help businesses understand rising utility costs
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As businesses continue their budgeting process throughout 2025, electricity supply costs across the PJM Interconnection region are rising, driven largely by an increase in capacity charges. Capacity charges, which ensure enough power is available during peak demand, have seen a sharp uptick, leading to higher rates, especially in the DC and Maryland energy markets. Both residential and commercial customers are facing these increases, with supply prices potentially rising by as much as 20%, significantly impacting operational costs across Montgomery County, Prince George's County, Baltimore County, Ann Arundel County and towns all across the east coast. However, there is still time to mitigate the coming increase in supply rates. From simple energy efficiency upgrades, such as LED lighting or smart thermostats, to longer-term projects like solar panel installations and power walls, businesses have a range of commercial energy solutions to reduce consumption and control costs. These procurement strategies can offer significant business energy savings over time and position companies for more sustainable energy use. We encourage you to talk with business owners and decision-makers in your network about these rising costs. This is a great time to introduce them to Electric Advisors , where we can help them navigate these changes and find ways to reduce their energy expenses. Your referrals can play a crucial role in helping those in your network become more competitive and we've made a profound impact on local businesses up and down the east coast and beyond. See below for an example of where our clients are being serviced. Best,