Bulgaria: Hotel Restaurant and Institutional Sectors
Link to report:
Bulgaria’s hotel, restaurant, and institutional (HRI) foodservice industry grew year-on-year until 2019. However, since March 2020, food service sales at restaurants and hotels dropped significantly following COVID-related closures. In 2020, HRI sales were down nearly 40 percent from 2019. Post does not expect HRI to fully recover before 2023, as stakeholders are pursuing new business models and expanding takeout and delivery services.
