Peru: Food Service - Hotel Restaurant Institutional
Peru is a major food tourism destination. The country in 2014 was awarded for the second year in a row the distinction of being named by the World Travel Awards as the best gastronomic destination in the world. Rapid fast food outlet growth has been driven by economic and political stability along with commercial mall expansion. Food service sales in calendar year (CY) 2014 are estimated at $8.7 billion, up 7 percent compared to 2013. Restaurant sales of $3.8 billion account for 44 percent of total food service sales, with fast food outlets accounting for $3.3 billion or 38 percent of sales. Best prospects for U.S.-origin food products reside in supplying high-end hotels and similar restaurants. Full-service and fast food restaurants will continue to grow rapidly in the short- to medium-term.
