El Salvador: Food Service - Hotel Restaurant Institutional
Link to report:
The Salvadoran HRI sector is having a better performance in 2022 as the tourism sector is recovering. Euromonitor reports that Salvadorans spent about $2.1 billion in the Hotels/Catering category during 2021. According to recent reports by the Ministry of Tourism, El Salvador received 1.1 million foreign visitors in the first half of 2022, representing a 92 percent recovery compared to the same period in 2019. The hotel/restaurant sector has been reported by the Central Reserve Bank as the best performing economic activity for the first quarter of 2022, contributing 2.4 percent to the growth of GDP.
