Czechia: Food Service - Hotel Restaurant Institutional Annual
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In comparison to 2023, Czech food service sales increased 5 percent in 2024 to CZK 70.7 billion (USD 3.5 billion). Competition in the food service sector intensified in 2024, especially with key online retailers increasing their focus on ready-to-eat meal delivery services. As economic conditions began to improve in 2024, Czechs became more inclined to dine out, boosting demand for full-service restaurants. Pilsen Urquell is the leading player in 2024, with a foodservice value share of 3 percent. Prague continues to attract international tourism, which annually generates significant revenue. The iconic Hotel InterContinental has reopened as the five-star Fairmont Golden Prague following a total (USD 190 million) five-year renovation. The Czech market offers good opportunities for U.S. exporters of consumer-oriented food products, particularly nuts, seafood products, and distilled spirits.