economics of the san francisco restaurant industry 2005 report prepared for golden gate association by kent sims may chapter 1 summary & conclusions economy this presents s ggra annual study previous reports in 2002 and 2003 documented conditions after onset recent national recession dot com bust 9 11 terrorist attacks these events produced most challenging economic restaurants half a century number arriving passengers at international airport fell 25 between 2000 reflecting sharp drop out town visitors hotel occupancy dropped 20 average daily room rates 16 tax revenue plunged 59 transient vehicles using city owned parking garages 13 metropolitan area to lost 80 000 jobs nearly 14 all based employment resident labor force contracted 8 more than 12 unemployment rate rose from 3 4 7 0
