South Korea: Food Service - Hotel Restaurant Institutional
Link to report:
The long-term outlook for South Korea’s Hotel, Restaurant and Institutional (HRI) sector is positive, with strong growth up until the COVID-19 pandemic. As in other countries, the pandemic hit Korea’s HRI sector especially hard. Spending on dining out and lodging in Q1 2020 was 11.2 percent lower than the year before. Employment in the HRI sector has also dropped sharply.
