Egypt: Food Service - Hotel Restaurant Institutional
Link to report:
Egypt’s Hotel-Restaurant-Institutional (HRI) sector in 2019 generated $13 billion in revenues, an 11.5 percent increase from 2018. The country's HRI sector in 2020 took a major hit with the COVID-19 pandemic outbreak. The outbreak led to the complete suspension of tourism from March through June (100-days). Tourism revenue losses have been $1 billion per month. There are 24 international hotel chains operating 145 facilities with 43,545 rooms in Egypt. The number of restaurants in 2019 grew to 40,605, up by over a thousand units from 2018. Sales values reached $7.5 billion, up $900 million or an increase of 14 percent compared to 2018. Egypt’s institutional food service industry revenue is estimated at $7.3 billion. Egypt’s hotels, restaurants, and institutions do not normally import food and beverage, nor ingredients and supplies directly. These purchase from Egyptian importers who have established relationships with foreign exporters and are more familiar with the country's complex import regulations.
