Rabobank: Slower Growth Prospects as Coronavirus Hits Foodservice in Southeast Asia

In a previous note on the impact of the novel coronavirus (since named Covid-19) on foodservice, Rabobank highlighted how plummeting tourist numbers will necessitate a review of 2020’s foodservice growth prospects for Southeast Asia. Since the publication of that note, some of the tourism authorities in the region have revised their tourist arrival projections for 2020. While the evolving nature of the situation and the indirect impact that tourism has on the overall economy makes projections challenging, with these estimates now available, we can provide a preliminary view of how foodservice growth is likely to be impacted in 2020.

The Importance of Tourism to Foodservice in SEA

Domestic consumers and tourists contribute differently to foodservice consumption and growth in Southeast Asia (SEA). While an increase in per capita occasions and...

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