What FRANdata Thinks

Franchising industry expects it’s poised to rebound, if Covid is brought under control

February 18th, 2021 by Sunny Jay Sabuero

Franchise Quick Service

After a year marked by business closures, disruptions and unprecedented challenges, the franchising industry is poised to bounce back to pre-pandemic levels by year’s end if Covid-19 is controlled, according to an upcoming report. In its annual economic outlook, the International Franchise Association is estimating more than 26,000 franchised locations will be added, or a gain of 3.5% to more than 780,000 establishments. The additions would help offset last year’s declines.

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