In the dynamic world of retail sales, understanding market trends and identifying growth opportunities is essential for businesses to thrive. Puerto Rico, a vibrant island with a resilient retail sector, offers a promising landscape for entrepreneurs and investors.
There are many sectors in the retail industry that one should look at when entering this type of business. One sector that has witnessed a remarkable resurgence is the restaurant and alcoholic beverage industry. Comparing the first trimesters of this year and last year, we observe a significant surge in sales. In 2023, the sector’s average sales reached approximately $205,482,803.86, representing an impressive 12.6% increase compared to the previous year’s average of $182,661,764.87. The easing of Covid-19 restrictions and the gradual recovery of the tourism sector have contributed to this remarkable growth.
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