Australia

Dan Murphy owner cheers for Christmas as Australians flock to pubs

Australians are rushing back to the pubs towards the end of the year and Dan Murphy’s owner Endeavor Group expects this surge to continue into the festive season as revenue surges across the hotel sector. doing.

The business generated just over $3 billion in sales in the first quarter of fiscal year 2023, with hotel sales up 90.8% compared to the COVID-impacted first quarter of 2022 of $538 million.

Endeavor Group CEO Steve Donahue said customers are actually showing up in larger groups and ordering more food than they used to, despite the cost of living pressure. credit:Eamon Gallagher

Endeavor CEO Steve Donahue said he is looking forward to the first unrestricted trading period in three years this Christmas.

“Our hotels are already heavily booked for banquets. We have a full supply of a wide range of products to meet all tastes, trends and price points for retail offers during the holiday season,” he said.

Donahue said in a call to investors Monday morning that customers are actually showing up in larger groups and ordering more food than they used to, despite the pressure on the cost of living.

“We are seeing larger groups coming together – increasing the size of reservations by 10 percent,” he said.

The increase in digital ordering and payment options for food and beverages has also benefited the amount of food customers are willing to order, he said.

“More food and drink than ever before are being ordered from more locations within hotels.

Asked about cost-of-living pressures, Donoghue said families are looking for more value-for-money outings than they used to, and the affordability of the pub experience may be a factor in the growing interest in hotels. I admit it.

Dan Murphy owner cheers for Christmas as Australians flock to pubs

Source link Dan Murphy owner cheers for Christmas as Australians flock to pubs

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