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Key Hospitality Statistics

13/09/2021 / Dominic

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.

 

Hospitality Dining Trends by Age Group

Understanding and catering to key age groups can ensure a venue receives the largest share of spending.

  • 61% of all ages prefer dining at independent bar/restaurant
  • 23% of all people visit local/independent Bar/restaurant at least once a month
  • Highest proportion of income spent on dining was group aged between 57-75 (14.7%) and aged 41-56 (13.2%)
  • From 2018, groups aged between 25-40 with young children, have increased restaurant patronage by over 5%
  • 18-24 and 65+ are more likely to dine out for lunch.
  • 45-54 age group (83%) are most likely to have eaten an evening meal out in the last month.

 

 

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.

 

Click here to find out more about our hospitality solutions

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