New Zealand: Food Service - Hotel Restaurant Institutional

The Hotel, Restaurant, and Institutional (HRI) sector is rising again in New Zealand. This latest development is especially true of the tourism and hospitality sectors. While New Zealand is in a technical recession, strong global markets have helped boost the sector in New Zealand. This growth has seen tourism numbers improve over the short space of time since the re-opening of borders and is having a positive impact on the sector. New Zealand imports of U.S. food and beverage products have held up well so far this year and are on a similar pace to 2022, when a record $US 629 million of U.S. agricultural products were imported.