Food for Thought: Key Hospitality Market Data
As your well aware, current and accurate market data is essential for business strategy and development. From venue design and location, as well as staffing and menu requirements, knowing who your customers are and what they want is crucial.
Our ‘Food for Thought’ articles hope to provide you with some useful market insight. From consumer demographics, acoustics properties to current colour trends, as your textile partner for success we’d like to play a small part in helping your business grow and develop.
We’ve taken the liberty to compile some data that may help you with your planning and operations.
Trading During and Post COVID-19 Restrictions
- Age groups 25-34 (40%) prefer to use food delivery services
- UberEATS remains the market leader and is now used by 12.8% of Australians
- 76% of diners surveyed are looking forward the dine-in restaurant post lockdowns
- Whilst hospitality spending decreased by 29% during the 2020 lockdowns, in the December quarter it rose by 17% in conjunction of the easing of Stage 4 restrictions in Victoria.
At the Nolan Group, we have the textile solutions to help develop a hospitality space that aligns with your desired market. Contact us today for a no-commitment design consultation.