Industry Report - Accommodation, Cafes and Restaurants
Confidence up in hospitality sector
The November 2010 Sensis® Business Index found confidence in the accommodation, café and restaurant sector up 15 percentage points to 58% from the previous quarter, well above the average confidence level of 44 per cent.
SOURCE: Sensis® Business Index November 2010
Industry gross value added
Industry gross value added in the accommodation and food services sector grew by 0.7% seasonally adjusted in the September 2010 quarter, down from growth of 0.9% in the June quarter.
Based on: Australian Bureau of Statistics, Australian National Accounts: National Income, Expenditure and Product, Cat. 5206.0, September 2010
Sales in the accommodation and food services sector rose by 0.9% in seasonally adjusted terms in the September 2010 quarter.
The sales to wages ratio in the accommodation and food services sector rose by 3.9% in the September 2010 quarter to sit at 3.99.
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