Money Matters - Simplified

Chili's

Restaurant prices fall to keep seats full

New York -- U.S. restaurant chains are combating the recession with a tried and true formula: lower prices, a hospitality professor said.

"The fact that you can eat a full-service meal for under $10 is incredible. You couldn't even eat this cheaply in 1992," said University of Central Florida professor Christopher Muller, USA Today reported Wednesday.

The industry is rife with deals, the newspaper said.

From a less than $7 bargain at Chili's to a $7.99 entree at the Texas Roadhouse, the $183 billion-a-year industry is hoping to get through tough times with at least a little company at meal times.