Revenue surge forecast for hospitality industry

The Shout

Factuality

Ownership

Revenue surge forecast for hospitality industry

New Data from bookings and table management platform, ResDiary, is forecasting an average expected revenue rise of 20 per cent for Australia and New Zealand’s hospitality venues in 2025. The findings highlight a significant rise in both dining demand and venue openings as key drivers behind the industry’s projected growth and that 76 per cent of owners and operators are expecting to achieve more revenue in 2025. Of those venue operators expectin…