Australian consumers are in a cost-of-living crisis. The threat of a global recession and inflation is forcing Aussies to tighten their wallets and shift priorities. For 32%, eating and drinking out are now at the bottom of the list.
With spending habits changing, hospitality operators will need to adapt or risk falling behind. Download SevenRooms’ free Cost-of-Living-Crisis Report to find out how Aussies’ spending behaviour is evolving.
The data uncovers the extent of the impact and ways operators can adjust to shifting demand including:
- Where consumers are cutting back most
- Changing spending behaviour for drinking and dining out
- What incentives will drive engagement
- Importance of dining credits and loyalty programs