The Restaurant Association recently conducted a survey among its members post-election, revealing an optimistic outlook for the restaurant industry’s future.
The findings showed:
- 52% of respondents are satisfied with the election outcome.
- 56% are more optimistic about the economic future, with 30% slightly more optimistic.
- 50% believe the election will positively influence consumer confidence and spending.
- 27% think the election will significantly boost consumer confidence.
This positive sentiment contrasts with earlier in the year when only 20% expected improvement due to factors like recession and upcoming legislative changes.
Restaurant Association CEO, Marisa Bidois, expressed pleasure at the members’ positive response post-election. “The change of government has definitely uplifted the restaurant industry’s outlook,” she said.
Key expectations for the incoming government include:
- 80% want a repeal of the fair pay legislation.
- 43% see tax cuts as essential for economic growth.
- 62% underline the importance of effective interest rate management.
- Another 62% want the reintroduction of 90-day trials to aid hiring flexibility.
Bidois affirmed the Association’s commitment to advocating for these priorities. She said, “We aim to work closely with the new government to ensure our members flourish. The hopeful outlook suggests a brighter future for the industry.”