GENERAL NEWS
THE food and beverage sector remains most vulnerable to crimped discretionary spending by a considerable distance compared to other industries, new research shows, with...
The April results for credit reporting bureau, CreditorWatch’s Business Risk Index (BRI), shows that there is 7.45% chance of failure over the next 12 months for hospitality businesses...
“The major challenge for businesses in the food and beverage services industry is their exposure to the discretionary spending of consumers, which has dried up as cost-of-living...
Hospitality businesses have also struggled to manage cost pressures, such as power prices and cost of ingredients, as well as labour shortages. Food and beverage services also...
“The fact that so many businesses in this sector are SMEs means they are also more vulnerable to adverse economic conditions. Smaller businesses tend to...
Small businesses in the food and beverage sector are most at risk – in fact, the data shows large businesses in the sector, such as large hotel groups, have the lowest failure rate of...
CreditorWatch CEO, Patrick Coghlan, said the unfortunate fact is that conditions will get worse for businesses in the hospitality sector before they get better...
“And that is not going to happen until the impacts of one or two rate cuts filter through to households. We don’t anticipate that being felt until at least the second half of next year.”...
The Reserve Bank again kept interest rates on hold at this month’s meeting, but its governor Michele Bullock warned of a “bumpy” road ahead as fresh economic data raises the...
Interest rate hikes, stubbornly high inflation, skilled labour shortages and depressed consumer demand are conspiring to squeeze margins for businesses across all industries...
“While Australia is far from being in a technical recession, and Treasury is still forecasting positive, albeit weak, GDP growth over the three-year outlook, business conditions will...
CreditorWatch data showed the best-performing regions continue to be those with a higher proportion of older businesses, and older residents. Adelaide City continues to rank as the safest CBD in...
Victoria’s Ballarat was third and Yarra Ranges in eighths. Queensland locations Townsville, Toowoomba and Cairns-South were also in the top 10, as were Sydney’s Warringah and...
The regions with the highest risk of business failure are around Western Sydney (accounting for six of the top 10) and South East Queensland, with Bringelly-Green Valley (NSW) the...