Hospitality Magazine

JULY 31, 2023

Now with spirits tax hitting a level that had previously been forecasted not to be reached until 2029, spirits manufacturers are calling on the government to freeze tax and help this growing Australian industry. Spirits and Cocktails Australia Chief Executive, Greg Holland, slammed the increase.

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Hotel Owner

OCTOBER 18, 2024

The existing leases of the two retail units will continue until 2033 on a fixed rent basis with tenant break options in June 2028 and March 2029 respectively. The estimated total cost of the acquisition is approximately £21.5m, which comprises the purchase price of £19.4m

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Modern Restaurant Management

MARCH 16, 2020

Better value for customers who won’t pay fees or higher menu prices associated with delivery. Point-of-sales (POS) Terminals market will grow at a promising CAGR of more than 7 percent between 2019 and 2029. Cloud POS presents lucrative growth opportunities on the back of a stupendous 10 percent CAGR through 2029.

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Revenue Hub

SEPTEMBER 7, 2023

of CAGR through 2023 to 2029, reaching nearly US$ 1074.4 Price points can reflect loyalty tier. It might be something to do with the fact that the Online Travel Booking Market was valued at US$ 561.99 billion in 2022 and the total revenue is expected to grow at 9.7%

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Hotel Business

MAY 30, 2024

The purchase price allocation is expected to be $630 million for the resort and $50 million for the land parcel, subject to final appraisal. The acquisition price represents a 16.3x Host Hotels & Resorts Inc. EBITDA multiple or a cap rate of approximately 5.3% on the resort’s 2024 estimated results.

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7 Shifts

JULY 25, 2024

Profitability remains a challenge for many restaurants, especially with prices for ingredients and labor going up. With an expected annual growth rate of 4.57% from 2024 to 2029, meal kits provide an opportunity to increase revenue and reach more customers. In fact, only 27% of restaurant owners expect to be more profitable this year.

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Revenue Hub

SEPTEMBER 13, 2023

In fact, by 2029 Millennials and Gen Zers are predicted to make up 72% of the world’s workforce. This means that hospitality industry leaders are in a unique position to make sustainability a high-priority business goal that factors in the growing buying power of younger generations.

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