Taiwan: Food Service - Hotel Restaurant Institutional
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COVID-19 hit the food service sector hard as the pandemic kept people in their homes, and restrictions on international travel negatively impacted hotel restaurant revenue. Nevertheless, Taiwan has a very dynamic food service industry with affordable restaurants and plenty of menu options. Going forward, this inexpensive dining out culture will underpin the growth of the food service market. Delivery services have a profound impact on the food service industry by increasing overall revenue but not necessarily benefiting net profits.
