Turbulence continues for Jon Adgemis’ Public Hospitality group, with the Love Tilly Group calling no joy on their foodservice partnership. In April this year Fabbrica Pasta Bar opened within Public’s Exchange Hotel in Balmain, and has quickly gained acclaim and popularity. Love Tilly Group is best known for chic wine bar Love Tilly Devine in …
Quantaco has released its Industry Insights report for FY23, offering analysis and key metrics for the industry across sales, gaming, and wages. Comparing benchmarks of FY22 with FY23, the report offers an overview of key hospitality trends, including a review of sales trends, valuations and yields, insurance and risk – particularly ISR and liability insurance, …
Increased detection of fraudulent money has prompted government to issue a warning to venues handling cash, to protect against financial losses and minimise criminal influence. Counterfeit notes are a serious issue where use of banknotes is prevalent, particularly for hotels with gaming, including wagering, Keno and lotteries products. The Victorian Gambling and Casino Control Commission …
Paving the way for its contemporaneous and future expansion, Laundy Hotels has acquired the former Aristocrat building at Lane Cove, as the group’s new head office. The family-run Laundy operation has been eyeing diversification opportunities in recent years, and had considered the landmark building. Discussing the “explosion” in support staff stemming from their takeover of …
Hotel Property Investments (ASX:HPI) has released its financial results for the six months ending 31 December 2022, seeing the impacts of rising interest rates. HPI lodged its H1 FY23 interim report, declaring a statutory loss of $7.9 million, and final distribution of 9.2 cents per stapled security. Highlights of the announcement include a rise in …
Australia’s largest pub operator, Endeavour Group, has released strong results for the first half of FY2023 as its ALH hotels rebound. H1 of FY23 for the ASX-listed Endeavour (ASX:EDG) saw increased sales of $6.5 billion, up 2.5 per cent on last year, and EBIT increase of 15.8 per cent, to $461 million. This generated basic …
ENDEAVOUR POST STRONG H1 FIGURES AS PUBS REBOUND Read More »
A war in the cyberworld continues to escalate, and pubs are being targeted for their online and social media presence and unsophisticated understanding of the threats. Many venues put a lot of time and energy into their Instagram and Facebook accounts, developing a following and acting as a vital point of engagement with existing and …
The UK has experienced a record high in food and drink price inflation in hospitality, hitting 15 per cent for the first time in the 30 years of the CGA Prestige Foodservice Price Index (CGA PFPI). Similarly in Australia, fruit and vegetables were 18.6 per cent higher in the year to August and one of …
FOOD PRICE INFLATION HITS RECORD HIGHS IN THE UK Read More »
Australia’s largest publican, Endeavour Group, has announced strong results for its first year as a stand-alone entity. Listing on the ASX mid-2021 (ASX:EDG), the former Woolworths Group subsidiary counts around 340 hotels and clubs across the country, and major retail liquor brands Dan Murphy’s and BWS. Total sales across the Group were in line with …
In the digital era, and the wake of the Federal budget incentivising technology, research into the hospitality sector finds nearly half of venues are still using pen and paper booking systems. The Federal Budget news at the end of March brought inclusion of tax deductions of 120 per cent on investment in eligible technology, recognising …
NEARLY HALF OF VENUES STILL USING PEN AND PAPER BOOKINGS Read More »
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