Interest rates and inflation may be easing, but the hospitality industry is still doing it tough. Profit margins are slim and hospitality businesses face a higher rate of failure than any other sector. And yet, household spending at cafes and restaurants is generally up — so what is happening? We ask an industry stalwart and meet newcomers trying innovative business models.
Guests:
- Luke Mangan, leading Australian restaurateur and chef
- Nathen Doyle, founder of Agree to Agree Group and co-owner of Residence
- Robbie Noble, chef at Cherrywood, the first concept to be hosted at Residence
- Zoe Birch, chef and co-owner of Greasy Zoes
Get in touch:
We'd love to hear from you! Email us at everybite@abc.net.au
This episode of Every Bite was produced on the lands of the Wurundjeri people of the Kulin Nation.
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Why do hospitality businesses have a higher rate of failure than any other sector and what can be done about it?
Food and Drink, Hospitality Industry, Economy