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width:100% !important"> <div style="font-weight: bold; margin-top: -10px; color:rgb(23,66,107); font-size: 22px; margin-bottom: 5px; font-family:font-family:'Open Sans', sans-serif !important; text-align: center ">Novel Growth Avenues for GCC Hospitality and Foodservice Sector</div> <div style="font-style: italic; margin: 10px 0px 0px 0px; font-size: 14px !important; text-align: center">Consumer choices and technology innovation generate growth opportunities in the new normal</div> <p style="font-weight: bold;text-align: justify; margin-bottom: 10px; margin-top: 10px; font-family: 'Open Sans', sans-serif">Research Overview</p> <p style=" font-family: Segoe, 'Segoe UI', 'DejaVu Sans', 'Trebuchet MS', Verdana, 'sans-serif'; font-size: 15px; font-weight: normal; padding-top: 0px; margin-top: 0px; padding-right: 3px; line-height: 1.8EM; text-align:justify">The COVID-19 pandemic showed that change is unavoidable and industries cannot depend on a permanent status quo. The revenue loss registered by the Gulf Cooperation Council (GCC) hospitality and foodservice industry in 2020 is proof of the crisis’ scale, with cumulative financial loss expected to be between $50 and $60 billion. Since health, hygiene, and well-being are consumers’ prime focus in the new normal, hospitality establishments need to adopt innovative elements into their core functioning to meet these needs. There will be significant design and structure overhauls of various spaces such as dining, salons, and spas in 2021.</p> <p style=" font-family: Segoe, 'Segoe UI', 'DejaVu Sans', 'Trebuchet MS', Verdana, 'sans-serif'; font-size: 15px; font-weight: normal; padding-top: 0px; margin-top: 0px; padding-right: 3px; line-height: 1.8EM; text-align:justify">Traditional hospitality and foodservice business models ceased during lockdowns. Crowding and clustering of guests was the norm, which is ill-advised and illegal amid current restrictions. Now is the best time for the industry to explore changing consumer behavior and derive key touchpoints that will become critical success factors in the new normal. The hospitality industry is part of the service sector and comprises six major segments: lodging, in-room dining, events, tourism and transport, restaurants, and catering.</p> <p style=" font-family: Segoe, 'Segoe UI', 'DejaVu Sans', 'Trebuchet MS', Verdana, 'sans-serif'; font-size: 15px; font-weight: normal; padding-top: 0px; margin-top: 0px; padding-right: 3px; line-height: 1.8EM; text-align:justify">The foodservice industry includes businesses, institutions, and companies responsible for any meal prepared outside the home, such as restaurants, school and hospital cafeterias, catering operations, and many other formats. The report covers the lodging, in-room dining, events, tourism and transport, restaurants, and catering segments. The KSA and the UAE have a majority position in the GCC hospitality and foodservice industry, contributing approximately 80% of the market revenue. Consequently, they are the worst impacted by the pandemic.</p> </p> </li> <li class="PageSection_LIP" style="font-family:'Open Sans', sans-serif !important; width:100% !important"><div> <div align="center"> <div style="display: inline-block; margin: 4px"><a class="ready-btn page-scroll" href="https://store.frost.com/gcc-hospitality-and-foodservice-growth-opportunities.html?utm_source=newsletters&utm_medium=email&utm_campaign=cmnsep21&utm_term=CMNGO3T&utm_content=CMNGO3T" target="_blank" style="margin-top:11px">Table of Contents</a></div> <div style="display: inline-block"> </div> <div style="display: inline-block"> <a class="req-btn page-scroll" href="https://insights.frost.com/Newsletters?gon_qs=CMNGO3RS" onclick="return loadIframe('ifrm', this.href);">Request Sample</a> </div> </div> <div class="AccordionGroupHeader" style="margin-left: 0px; padding-left:0px;width: 80%; margin-top: 10px">GROWTH PIPELINE DIALOG™</div> <p style="text-align: left; margin: 5px 5px 10px 0px; margin-left: 0px">Take your first step towards achieving growth-centric solutions with our <a href="https://hub.frost.com/gpdialog/?utm_source=newsletters&utm_medium=email&utm_campaign=cmnsep21&utm_term=GPD&utm_content=GPD" target="_blank" >Growth Pipeline Dialog™</a>. Speak to our industry experts in a complimentary open discussion that will spark innovative thinking and growth opportunities that will benefit your organization. </p> <p></p> <div class="AccordionGroupHeader" style="width: 80%; margin-top: 10px">HAVE A SUBSCRIPTION?</div> <div style="text-align: center; margin: 5px 5px 10px 0px; margin-left: 5px"><strong>Access Research Via</strong> </div> <div align="center"> <div style="display: inline-block; margin: 4px"><a class="ready-btn page-scroll" href="https://member.frost.com/login?reportID=P9C7-01-00-00-00" target="_blank" data-popuptype="link">Member Portal</a></div> <div style="display: inline-block"> </div> <div style="display: inline-block"> <div class="exampleContainer"> <div class="exampleLive" style="margin:4px"> <a href="https://cds.frost.com/p/297230703?utm_source=newsletters&utm_medium=email&utm_campaign=cmnsep21&utm_term=CMNGO3C&utm_content=CMNGO3C#!/ppt/c?id=P9C7-01-00-00-00" target="_blank" class=" ready-btn page-scroll"> Client Delivery Portal</a> </div> </div> </div> </div> </div></li> </ul> </div> </div> </td></tr></tbody></table> </td></tr></tbody></table> </td></tr></tbody></table> <script src="https://insights.frost.com/hubfs/Testing/jquery.min.js"></script> <!-- Contact Form JavaScript File --> <script src="https://insights.frost.com/hubfs/Testing/main.js"></script> </body><loom-container id="lo-engage-ext-container"><div></div><loom-shadow classname="resolved"></loom-shadow></loom-container></html>