Colombia: Food Service - Hotel Restaurant Institutional
Link to report:
Although the Hotel Restaurant Institutional (HRI) sector in Colombia performed better in 2021, compared to 2020, the sector still faced challenges that hindered a full recovery from the pandemic, including social unrest and high food prices. U.S. exporters face new market conditions in Colombia, resulting from changes in consumer habits and preferences that happened as a result of the pandemic. In 2021, the lodging and restaurants sector grew 60 percent following a 28 percent decline in 2020, increasing its share of Colombia’s economic activity from 3 percent in 2020 to 4.3 percent in 2021.
