Colombia: Food Service - Hotel Restaurant Institutional
The Colombian HRI sector is expected to grow 4.8 percent in 2015. Hotel occupancy rates have a stable behavior, reaching 52.8 percent in 2014, with a number of new hotel chains expanding operations in Colombia. The average Colombian consumer spends about $20 when eating out and increasing per capita expenditures for restaurants has paralleled per capita income growth, supporting high-end restaurant performance in 2014.
