The ABS Retail Turnover data shows a 10.6 per cent growth in restaurant, cafe and catering service turnover from November 2012 to November 2013.
Restaurant & Catering Australia (R&CA) CEO John Hart says that this is a very positive result for the industry. “Restaurants, cafes and catering services are the star performer of all retail growth, with a 4.6 per cent increase in all retail sales between November 2012 and November 2013,” he said.
According to the data, November 2013 also finds full service dining at 60 per cent of the total cafes, restaurants and takeaway food categories. On a state by state basis, the 10.6 per cent overall growth was underwritten by a 15 per cent growth in NSW and 21 per cent in Queensland. Victoria, Tasmania, the ACT and NT all recorded an improvement of between five and 10 per cent compared to 2012.
“Despite these record performances and strength returning to consumer sentiment, the fundamentals of restaurant businesses are still in crisis,” said Hart. “Businesses are closing their doors either for good or on Sundays and/or public holidays because of the unsustainably high cost