David Antico Talks Benefits of Hospitality Reforms in Australia
Covid -19 has affected the majority of industries for the last 2 years, with its impact lingering for a seemingly longer period. However, compared to other industries, the effect that COVID-19 has on hospitality is recorded to be the most detrimental. With tourism being its main source of income, the financial inflow for hospitality businesses is disrupted by the restrictions placed on travelling.
This pandemic has resulted in the loss of many hotels and INNs, leading to a significant number of closures. The hotel industry is one of the largest employment sectors in Australia. It is a multibillion-dollar industry that not only provides multiple job positions, but also is one of the largest taxes paying industries in Australia. In this blog, David Antico will talk about the Benefits of Hospitality Reforms.
Current Situation
It is quite apparent to judge that the current situation of the hospitality industry is not looking positive. It is unclear how long the pandemic is going to last, therefore, people are not allowed to travel from one place to another. Restaurants and other hospitality places are not frequently visited, causing the industry a loss in its main source of income. Though infrequent travelling still happens, it is not enough to cover the loss that occurred.
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