Restaurant & Café Magazine’s Post

📉💔 71 restaurants closed in February alone. The pressure from current regulations is crushing us. How long can we keep our kitchens open under these conditions? 🍽️ #RestaurantLife #ChefsUnite #SaveOurRestaurants #FoodIndustry #BreakingNews

There is no justifiable reason why rental property investors should be currently receiving discounts on paying GST and council rates totalling over $3b per year in NZ (and more in Australia). Rental property investment is a business activity like any other and should be subject to the same taxes and rates.  There are plenty of low income households, hospitals, beneficiaries, infrastructure projects and small businesses that could use some of that money. 

Tipping has been around for centuries, especially in the food industry. It’s a way of showing appreciation for the service received and can significantly impact the income of hospitality workers. Let's talk tipping — etiquettes, policies and how it works for a customer as well as for you the business owner. https://bit.ly/4etQzTy #hospitality #tipping #restaurants

The latest quarterly report from the Restaurant Association of New Zealand highlights mixed performance in the hospitality sector as businesses continue to navigate persistent economic challenges. See the full story: https://hubs.li/Q030hWQH0 #Q3 #report #insights #restaurant #foodservice #newzealand #hospbiznz

A new report suggests that over 8% of restaurants and bars will close over the next year as rising costs hit their bottom line and the rising cost of living changes the way we eat. While some parts of the industry are doing quite well, many smaller businesses are struggling, even if they're not at risk of closing. Is it just consumer spending driving these challenges or are there deeper economic concerns for the hospitality market? And what will it mean for your next meal out? Guests: Luke Siddham Dundon, reporter, RN Breakfast Wes Lambert CPA, FGIA, CAE, MAICD, CEO, Australian Restaurant & Cafe Association https://lnkd.in/gQFKTUR8

A new report suggests that over 8% of restaurants and bars will close over the next year as rising costs hit their bottom line and the rising cost of living changes the way we eat. While some parts of the industry are doing quite well, many smaller businesses are struggling, even if they're not at risk of closing. Is it just consumer spending driving these challenges or are there deeper economic concerns for the hospitality market? And what will it mean for your next meal out? Guests: Luke Siddham Dundon, reporter, RN Breakfast Wes Lambert CPA, FGIA, CAE, MAICD, CEO, Australian Restaurant & Cafe Association https://lnkd.in/gn7sTW_Y

#Melbourne's CBD restaurants are at the heart of the city's culture, but the industry is currently navigating some tough challenges. How are visitation levels bouncing back amid the rising cost of living, inflation, return to the office and changing dining habits? We took a closer look at 30+ restaurants across Melbourne’s CBD, and here’s what we discovered: 🍽 Total visitation is trending up by 29% compared to 2023, but it’s still well below pre-covid levels. 🍽 After 5pm visits have increased by 23%, and mornings are trending up by 41% as more workers return to the office. 🍽 Lunch time now peaks mid week, as remote work keeps more people home on Mondays and Fridays. Thursdays are the new Friday! 🍽 Evening visits peak on Friday and Saturday nights. 🍽 The average frequency of visits has increased from 2.1 (2023) to 4.9 (2024) over the last 6 months. But, diners are spending less time in restaurants (97% under 1 hour). While we recognise the restaurant and cafe industry faces challenges beyond visitation, we’re hopeful the positive trend will continue and support the industry. Luke Siddham Dundon Wes Lambert CPA, FGIA, CAE, MAICD Australian Restaurant & Cafe Association City of Melbourne Curious about trends for categories or specific locations? Drop a comment, and we might feature yours next! #hospitality #restaurants #MelbourneHospo

There has been over 200 restaurants and cafes closed in Q1 2024, this is a 146% increase in comparison to Q1 2023. 📈 But while insolvency levels have grown substantially, this is only slightly elevated from pre-pandemic levels of 2019. The majority of closed businesses in the sector do not go through an insolvency process. Read more about the food service and hospitality sector in the upcoming sector report. 🔎 #FoodService #Hospitality #SectorReport #Atradius

Sydney businesses are calling for the return of the popular “Dining Vouchers” to stop more restaurant & café closures and job losses. Business Sydney is urging the NSW Government to restore the popular dining voucher scheme as more restaurants and cafes close their doors amid massive cost of living pressures. We have written to the NSW Treasurer Daniel Mookhey recommending restoration of the scheme that became a lifeline for venues in the wake of the pandemic. The dining vouchers should be reintroduced in at least the Sydney and Parramatta CBDs, which continue to struggle. The dining voucher scheme was a resounding success when it was deployed by the previous government and it can be again. The call comes amid gloomy sentiment in the hospitality sector as recorded in Business NSW’s Business Conditions Survey earlier this year. According to the survey: ● 35% of hospitality sector businesses in NSW are contemplating closure — roughly double the 18% for businesses generally. ● 49% of hospitality businesses have had to reduce staff hours. or employee headcount. ● 61% are having cash flow disruptions. ● 82% reported a decline in customer visits. ● 77% reported lower customer spending. There is no doubt the hospitality sector is doing it tough as a result of the cost-of-living crisis reducing consumer discretionary spending. This has seen numerous restaurant and cafe operators forced to close their doors as costs and reduced activity overtake their businesses. The crisis is particularly hard felt in the Sydney and Parramatta CBDs, which were already struggling to recover with reduced foot traffic and embedded work-from-home arrangements. Chef Luke Mangan a strong advocate for the sector, has highlighted the crisis in media appearances. Luke’s anecdotal evidence is borne out by Business NSW’s latest Business Conditions Survey which shows a high level of gloom in the hospitality sector. The sector needs a circuit breaker to get businesses through this crisis period. Business Sydney believes a measure that would have an immediate positive effect is for the Government to reintroduce the dining vouchers that were previously so effective. It would be excellent if the vouchers could be reintroduced at least in the Sydney and Parramatta areas to encourage more out-of-home dining. Thank you Madison Scott for highlighting this story in Nine News last night. See link below. https://lnkd.in/gQu5bEF6 #sydney #restaurants #cafes #costofliving #costofdoingbusiness #diningvouchers #closures #joblosses #welovesydney