Russia: Food Service - Hotel Restaurant Institutional
Link to report:
The growth in the Russian HRI sector has been steady in recent years, mainly due to the expansion of fast food and chain restaurants outside of the saturated markets of Moscow and St. Petersburg. The COVID-19 pandemic has hit the food service sector especially hard as it kept people in their homes and restricted international travel. Foodservice outlets in most cities were permitted to open their doors in late June, but under strict conditions. Experts predict that 10-30 percent of HRI establishments will eventually go out of business. The road to recovery for this sector will be long and difficult.
