article thumbnail

Australia’s Hotel Industry – Into 2023 and Beyond 

InnQuest

billion in 2023. Revenue is forecast to have an annual CAGR of 1.85% between now and 2027. 23% of bookings are currently made offline. 91% of total revenue will be generated through online sales by 2027, reaching a market volume of US$7.27 of customers are male and 52.3% of customers are of high income status, while 34.4%

article thumbnail

Why And How Should You Integrate Automated Order Taking In Your Restaurant?

The Restaurant Times

Even technology comes with a price tag, continuous innovations and wide adoption make them more accessible and cost-effective. . Automated order-taking refers to technology, operating systems, or software that take orders from customers and respond to them automatically. This means your guests don’t have to wait for a long time to eat.

article thumbnail

Fast Casual vs. Fast Food Restaurants — What’s The Difference?

The Restaurant Times

On the other hand, fast-casual eateries provide a more upscale experience, which may include better service, a nicer setting, more expensive meal prices, and a wider selection of their menus. A report claims that by 2027, the fast-casual restaurant sector will be worth a staggering $209 billion. What Are Fast Casual Restaurants?