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Australia’s Hotel Industry – Into 2023 and Beyond 

InnQuest

Market Overview Our country has come a long way since the first cruises between here and NZ began in 1934! When international flights were introduced we started to have a huge surge of visitors, then from 1992 and 2019, the number of visitors doubled. billion and is expected to grow by 13.3% in 2023 (IBISWorld).

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7 Trends Will Change How Hotels Handle Groups and Events Business

Revenue Hub

Bullish Forecasts According to Knowland, groups and meetings business is forecasted to recover to 106.4% of 2019 levels in 2023, and Amadeus reports that 64% of event professionals say their spending increased this year. Based on its Meeting Recovery Forecast , overall meeting volume will surpass 2019 levels in mid-2023.

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MRM Research Roundup: Mid-August 2021 Edition

Modern Restaurant Management

Consumer spending at restaurants was up +32 percent in the April-May-June 2021 quarter compared to the same quarter last year, and for a pre-pandemic view, flat compared to the same quarter in 2019. Despite the gains, FSR dine-in visits are down -37 percent from the second quarter of 2019. foodservice industry. “The U.S.

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