Israel: Food Service - Hotel Restaurant Institutional
Link to report:
In 2022, the Hotel, Restaurant, and Institutional (HRI) sector experienced new difficulties with high inflation rates, a lack of employees seeking more lucrative jobs, and price increases for raw materials, energy, labor and rent, which drove operational prices up. Although Israel experienced an increase in tourism, HRI revenues are still behind pre-Covid-19 figures, and Israel relies more on the domestic sector, rather than tourism. (Note: This report reflects the market conditions up until September 30, 2023).
