Chile: Food Service - Hotel Restaurant Institutional Annual
Link to report:
Chile’s hotel, restaurant, and institutional (HRI) sector rebounded in 2023, with hotel occupancy reaching 51 percent and 9.1 million guests, driven by domestic tourism and normalized activities. Restaurants adapted to rising demand for healthier, sustainable options and embraced digital tools like online ordering and AI. Despite economic challenges, the sector showed resilience, leveraging innovation and an unsaturated market for growth. Travel and tourism contributed $32.5 billion to GDP, with 2024 prospects boosted by rising tourist numbers and international investments.