Adapting to Changing Consumer Food and Hospitality Needs Amidst Rising Cost of Living Pressures
Future Food
SEPTEMBER 6, 2023
For the first time since Covid, the data reveals that F&B operators exiting shopping centres has overtaken those entering the hospitality sector. This trend continued through to FY23 until prices rose faster (F&B CPI 6%, ABS) than costs in order for businesses to try to recoup losses from the previous two years.
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