Hospitality Industry Expertise
Centralised food facilities, restaurants, gaming, hotels, clubs and bars. We grow them all.
Australian hospitality industry is worth (AUD) $51.2 Billion.
According to the ‘Bankwest Future of Business: Focus on Hospitality 2018 report’, the Australian hospitality industry is worth more than $51.2 Billion. This comprises of hotels and resorts, restaurants, cafes and coffee shops, pubs, bars and nightclubs. At a glance, this comprises of about 90,284 businesses who employ 889,440 employees.
Australia’s ‘foodie culture’ is expected to underpin revenue growth in the restaurants industry by 2022. The Australian dollar’s low value is likely to continue stimulating inbound tourist growth, which is expected to boost demand for accommodation.
On-Demand food services.
Since Australia’s adoption of Uber Eats, time poor customers are spending more of their food budget on takeaway options with food orders forecast to rise from $1.5 billion in 2017 to $4.2 billion in 2025. While Australians’ preference for convenience is driving the trend, the Australian Hotels Association has warned high commissions online food delivery services can artificially inflate prices for customers and make the new technology potentially unviable.
Stannards accelerates hospitality businesses.
Stannards B.iQ™ helps accelerate independently owned hospitality groups. We do this by integrating core business advisory services called #BusinessIntelligence - #B.iQ™, financial design thinking, efficient operations, industry compliance, cash flow management, taxation planning and predictive financial analytics into actionable outcomes. In collaboration with our clients, our team of expert advisors understands what it takes to make their businesses win.
Our expertise in the hospitality industry spans many years working across Australia’s top establishments such as Chin Chins, Cafe Di Stasio, Fratelli Paradiso, Italian Artisans, Club Xe54 and more. By controlling today for hospitality businesses, we create tomorrow.
What is a Stannards Discovery Session?
A Stannards discovery session is a 45-minute catch up to understand how to get your business moving in the right direction. Designed for prospective clients, we ‘sense’ check your business using Stannards B.iQ™ thinking. Whether you are a start up or already operational, our discovery sessions address the following key areas to get your business market-ready.
Your industry & market intelligence
Current and future business model
Key targets and goals
Market Implementation strategy and timeline
Family office planning