Indonesia: Food Service - Hotel Restaurant Institutional
The Indonesian hotel and restaurant industries grew 7.5 and 5.5 percent in 2014, respectively. The industry attributes continued growth to urban Indonesian’s increased purchasing power, tourism, and MICE (Meeting, Incentive, Conference, and Exhibitions) development. The Bank of Indonesia expects that economic growth will fall between 4.7 and 5.1 percent in 2015 and 5.2 to 5.6 percent in 2016.