The Albany Hotel is one of potentially many pubs that is in business today after legally wiping most of its debt, courtesy of Australia’s new-ish Small Business Restructuring (SBR) laws. Turning 60, Neville Walton went through with a long-held dream to buy and operate a pub in his pre-retirement, taking over the business at the […]
Many pub owners effectively throw away many thousands of dollars by not making the most of tax depreciation laws on property acquisitions and renovations, says specialist Mark Wilkins. “For most typical pubs we find there is generally around $500K in plant items across both the land and business … give or take,” says Wilkins, principal
Hospitality in Australia has shown resilience in the wake of ongoing financial challenges, recording comparative overall growth of 10 per cent in FY25 Q3, according to an industry update by Quantaco. The latest Hospitality Insights Report provides operators a measure of dynamic industry benchmarks, trends and opportunities. Revealing significant growth across all major revenue streams,
The years since the pandemic have been some of the toughest on record for insurance markets, particularly in hospitality, and rising economic pressures have forced greater attention on managing the cost of insurance. GSA’s Charles Galayini says providers are responding to operators with a greater focus on ongoing operational exposures, which provides an opportunity for
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The Adgemis Public sunder has taken another twist with operation partners The Maybe Group announcing today the immediate end of their tenure together. Award-winning cocktail bar Maybe Sammy and Randwick pizzeria Maybe Frank will return to The Maybe Group, led by co-founders Vince Lombardo and Stefano Catino. The operation of El Primo Sanchez in the
Hospitality operators are feeling the pinch like never before, seeing insolvencies surpassing pre-COVID levels and climbing, and more publicans giving up the game claiming post-pandemic burn out. After its record lockdowns, Victorians were dealt another blow with the cancellation of the state hosting the Commonwealth Games, due in 2026. The lawn bowls component was set
Small businesses in South Australia have accused the government of turning its back on them, after it failed to take steps in the latest state budget to adequately address their concerns. As seen at the troubled Carringbush in Victoria, the weight of rising costs coming from multiple directions means more businesses will be forced to
Our previous story on artificial intelligence’s role in hospitality looked at the benefits and challenges of using AI, including training, ethics and standards. This article focuses on the importance of governance and strategies, policies and regulations and how these will affect the hospitality industry in Australia. As AI systems advance, it’s crucial that they remain
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The World Travel and Tourism Council (WTTC) recently published research on artificial intelligence and possible considerations for the hospitality industry. Artificial Intelligence (AI) is the process where computer programs learn, reason, and apply logic to tackle problems. AI is instrumental in understanding data and simulating cognitive functions, relying on both data and algorithms (a set
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Cyber crime is a growing concern around the world, with malicious cyber activity a genuine risk to Australian businesses. By global standards, Australia is a wealthy country, making it a target for hackers. Australia is consistently ranked in the top ten countries at risk of ransomware attacks. Within that, the hospitality industry ranks among the
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