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From 2018-2023, the industry within Australia declined by 4.9% MarketForecasts Despite recent challenges, Australia’s hotel and resorts market is forecast to grow by 13.3% billion to Perth’s economy, $10 billion to Melbourne’s, and $13 billion to Sydney’s. Overall performance so far this year looks promising.
Overall Redemption : The redemption rate for gift cards sold in 2020 tracked higher during the initial seven weeks after purchase, as compared to 2019 and 2018. But after the nine-week mark, 2020 gift cards were redeemed at a rate that was slightly lower than 2019 and significantly lower than 2018. QSR MarketingForecast.
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