New Zealand: Food Service - Hotel Restaurant Institutional
Link to report:
The Hotel, Restaurant, and Institutional (HRI) sector is rising again in New Zealand. This latest development is especially true of the tourism and hospitality sectors. While New Zealand is in a technical recession, strong global markets have helped boost the sector in New Zealand. This growth has seen tourism numbers improve over the short space of time since the re-opening of borders and is having a positive impact on the sector. New Zealand imports of U.S. food and beverage products have held up well so far this year and are on a similar pace to 2022, when a record $US 629 million of U.S. agricultural products were imported.