The industry landscape in 2021 is finding more pubs around the country dealing with ballooning insurance premiums, or worse, as insurers take a hard line on old venues. Post-COVID finds some pubs facing price hikes of more than 100 per cent, as the risk appetite – particularly for older, regional pubs – increasingly penalises structures […]
Data from hundreds of pubs around the country is showing some key trends, most notably around the migration of patrons to suburban and regional pubs. One year on from the onset of the pandemic, some longer-term trends are taking shape in the industry. Revenue at CBD venues has shrunk 23 per cent (year on year),
Applications open today for a new grants program by the Federal Government for hotels to improve the energy efficiency of venues. The Hotel Energy Uplift Program can provide grants of $10-25,000 to small and medium hotels and motels (with up to 99 rooms, available to the public). The program aims to assist hotels to: upgrade
Article supplied by Ryan Bradbury, manager at specialist accountants Nicols & Brien. It’s likely you will have seen headlines screaming about “Zombie businesses facing the cliff” once the government’s COVID-19 funding packages come to a close in March. While there may be some businesses that fit the tagline, in the majority of cases it’s not quite
Next generation hotelier Elliot Solomon will soon take over from Justine Baker as the new CEO of the Solotel Group. Calling time at Bruce Solomon’s hospitality empire, Baker has announced a decision to step down as CEO in order to pursue other career opportunities, but will continue as an advisor to the company. “Justine has
Thousands of businesses have signed on to the Victorian Government’s economic stimulus program, offering rebates to operators for upgrading to digital technologies. The Small Business Digital Adaptation Program (SBDAP) was announced in November, promising voucher rebates to eligible Victorian small businesses and sole traders for the products of selected digital suppliers. It is one part
Diageo has released more industry resources through its US$100 million ‘Raise the Bar’ support program, tapping a global knowledge base in aid of all licensed venues. The Raise the Bar program counts $11.5 million allocated to Australian operators. The program is available to any licensed venue in the country, regional or metro, regardless of whether
With assistance from the AHA Victoria and hospitality specialist Leigh Barrett & Associates, PubTIC has created this free, easy to follow checklist of things to consider when shutting down a pub for an extended period, such as this time of crisis. DOWNLOAD HERE
A commercial finance specialist says every year many hotel owners pay tens of thousands of dollars more tax than necessary by failing to effectively claim capital allowance and depreciation. Regular accountants may not aware of the full benefits that can be deducted at hotel businesses, according to Mark Wilkins, director of Capital Claims Tax Depreciation,
Business.gov.au is an online resource for Australian businesses, providing easy access to information, assistance, forms and services, and advice on planning, starting and growing a business. This article just released as part of the department’s ongoing publications deals with a common situation in Australian family-run businesses, including hotels and hospitality. Transferring your family business
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