Colombia: Food Service - Hotel Restaurant Institutional
Colombian Gross Domestic Product (GDP) grew at 1.8 percent in 2017, slower than previous year growth rates, but still higher than other Latin American economies. Colombians have changed eating patterns as a result of increased income. Hotel occupancy rates remain stable at 56.3 percent in 2017, with a number of new hotel chains expanding operations in Colombia. The average Colombian consumer spends about $14 per month when eating out.
