El Salvador: Food Service - Hotel Restaurant Institutional
Link to report:
The Salvadoran Hotel and Restaurant sectors continue to improve their performance in 2022 as the tourism sector shows a full recovery. The latest statistics by Euromonitor show that Salvadorans increased their spending to $2.5 billion in the Hotels/Catering category during 2022. Recent data provided by the Minister of Tourism shows that El Salvador received 2.2 million foreign visitors as of August 2023, representing 25 percent more than in the same period of 2019. Income generated by tourism was $1.6 billion as of June 2023, and the tourism sector contributed about 10 percent to the GDP, which is double to what it contributed previous to the pandemic. For the first time, El Salvador registered 100,00 visitors from the United States, mainly Salvadorans returning to visit along with their second or third generations. Many from the diaspora have returned to invest by starting new hotel/restaurant operations in the eastern region of the country.
