Hotels, restaurants lead services at 35%+ YoY growth in new MoSPI index
MoSPI's new Index of Services Production ranks hotels and restaurants as the fastest-growing segment at 35%+ YoY, against 20.8% overall April services growth. Signals robust consumer and hospitality demand for QSR and retail operators, even as railway (-0.4%) and air transport (-13.9%) lag.
What happened
New MoSPI Index of Services Production shows hotels and restaurants as fastest-growing services segment at 35%+ YoY, signaling strong consumer/hospitality
Key facts
- 35% YoY hotels/restaurants growth
- 20.8% overall services growth April
- 19 sub-sectors
- 60% services coverage
- railway -0.4% April
- air transport -13.9% April
Why this matters
Robust hospitality momentum at 35%+ YoY creates a favorable window for M&A and site-expansion in QSR and restaurant formats while consumer demand remains elevated.
What to watch
- Next MoSPI ISP print to confirm durability vs base effect
- ADR and occupancy data from hotel chains
- QSR same-store sales and average-order-value trends
- Air/rail passenger recovery reversing the transport lag
- Urban wage and discretionary-spend indicators
- Overweight organized QSR and branded hospitality names with urban exposure
- Track quarterly SSSG guidance from listed restaurant and hotel chains for confirmation
- Pair-trade hospitality long vs transport-linked travel-retail short given air (-13.9%) drag
- Screen mall-REIT and high-street landlords for footfall-linked rental upside