Saudi Arabia: Food Service - Hotel, Restaurant, Institutional
The hotel, restaurant and institutional (HRI) food service sector in Saudi Arabia has been rapidly growing in the past decade. Major changes in the Saudis’ work and life styles as well as in their consumption patterns have led to increased frequency of Saudis eating outside their homes and doing more in-country travel. The annual revenue derived from consumer food services, restaurants and cafés, was estimated at $15 billion in 2012, and forecast to reach $18 billion by 2016. Revenues from the food catering sector is estimated at $5 billion and steadily growing due to a huge number of foreign workers and more than 7 million visitors to Saudi Arabia to perform Hajj and Umrah every year. The Saudi HRI food service relies heavily on imports, with more than 80 percent of the sector’s food needs coming from outside the Kingdom.
Saudi Arabia: Food Service - Hotel, Restaurant, Institutional