Schnitzels are in and souffle is out as the cost-of-living crisis bites and diners seek more affordable, flexible dining options
“There’s that potential reconsideration of: ‘Am I going to go to a venue and spend this price tag, or can I have still an opportunity to treat myself and be sociable with my friends somewhere else?’”
It comes as no surprise to Iain Ling, owner of The Lincoln in Melbourne, that bookings at more affordable pubs and cafes are increasing.By comparison, bookings at more affordable pubs and cafes, with an average per-head spend of $21 to $40, are increasing. ResDiary said they now comprise 48% of reservations – up from 37% in January 2022.
This isn’t surprising to publican Iain Ling, who co-owns The Lincoln in Melbourne with his wife, Stella Tan. “Pubs are like cornerstones of communities. You can go for a beer, you can go there for an occasion, you can go to when you say: ‘fuck it, I’ve had a bad day.’” He said that although rising inflation has driven up the cost of counter meals, these price rises have not dented demand because “People are always gonna order fried chicken and deep-fried potatoes”.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Australian unemployment rate predicted to rise despite 20,000 new jobsThe Australian unemployment rate is expected to rise from 3.5 per cent to 3.6 per cent despite the creation of new jobs and the participation rate reaching impressive levels, particularly for women. With increased pressure from interest rates and mortgages, dual-income households are becoming increasingly vital for many families. Forecasts predict that unemployment rates may continue to rise with increased migration to Australia in the coming years. Reserve Bank Governor aims to gradually guide inflation back into the preferred 2-3 per cent range by 2025, allowing higher inflation to protect jobs in the interim.
Read more »
Unemployment rate holds steady as Australian employers add 72,000 full-time jobsAt 3.5% the unemployment rate remains near its lowest since the mid-1970s
Read more »
Government to embark on hacking stress tests for vital Australian infrastructureCyber Security Minister Clare O'Neil has outlined the challenges of making ransom payments to hackers illegal in an exclusive interview with Sky News. The government is also about to embark on hacking stress tests for Australia's critical industries. They will be simulating critical attacks on some of Australia’s vital infrastructure such as banking and aviation to find out what would occur in the instance of a large cyber-attack.
Read more »
Australian court bans social media influencer ‘ASX Wolf’ from giving financial advicePermanent injunction issued against ‘finfluencer’ Tyson Robert Scholz who posted stock tips to paid subscribers
Read more »
Australian economy and job market ‘powering along’, says economics expertThe Australian unemployment rate remains flat at 3.5 per cent as an increasing number of job vacancies arise throughout New South Wales. The Australian Bureau of Statistics payroll data anticipated a job increase of around 20,000 but has instead recorded a staggering 58,000 new job vacancies for this month. “It really outperformed our expectations”, KPMG Partner and Chief Economist Dr Brendan Rynne said. “You can’t help but just interpret these numbers showing that the economy must be powering along and the job market is powering along with it.”
Read more »
If this film were Australian, we’d be calling it a masterpiece“The Innocent” is a stylish, fast-moving tale that flirts with several different genres, from the family drama to the heist.
Read more »