Customers are downsizing their meals but still happily going out Down Under
Australia is officially not in recession. That is what recently released growth figures suggest. While traveling around the country though, it becomes apparent that many jobs have gone, unemployment is rising, consumer confidence is lagging and people are getting more cautious when it comes to spending their money.
So we had a look at a few industries and asked how the business owners fared: much to our surprise, restaurants and their suppliers are not feeling the crunch at all. “At best our customers are ‘downsizing’ their meals and drinks,” explains a chef of one of the well known restaurants in Sydney. Gone seem to be the days, when $200 bottles of wine were opened at lunchtime.
“People rather spend $30-40 per bottle for a wine and still are happy with their drinks,” mentions Mark Bourne, General Manager at Cuttaway Hill Estate.
Wine cellar Aqualuna in Sydney
In my view, this kind of adjustment to reality is probably a good thing.
Anabel
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