How to increase restaurant sales in a cost of living crisis
After overcoming staff shortages, supply chain disruptions and pandemic restrictions — recent inflation issues present yet another hurdle for the hospitality industry.
Before we get into the cost of living crisis, here’s a reminder of what 2020 looked like for food service businesses in Australia:
- 90% experienced fewer sales and customers
- 77% decreased their working days
- 42.2% let go of staff permanently [1]
Despite many businesses just getting back on their feet, all Australians are currently facing the highest annual increase in living expenses since 1987. [2]
In this article, we explore what inflation means for those working in hospitality and what they can do to combat it.