Hospitality and tourism key to restarting the economy

15 June, 2020 by Andy Young

New research from the Australian National University shows that, behind developing a vaccine, Australians believe the restarting of the hospitality and tourism industry will provide the biggest boost to the economy.

Alcohol Beverages Australia’s Industry Report on the impact of the coronavirus showed that the hospitality sector lost close to half a million jobs at the height of the lockdown, and CEO Andrew Wilsmore said the ANU’s research highlights that the public understands the key role the sector can play in the country’s recovery.

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“Australians recognise the importance of our hospitality and tourism sector to the overall economy and for its ability to create jobs faster than any other sector,” Wilsmore said.

“$8.5billion* has been wiped from hospitality business sales representing close to 10 per cent of annual revenues, with April 2020 going down as the worst month on record* for beer, wine, and spirits producers.

“With the right policy settings and support from Governments, we have an obligation to not only recreate those jobs and economic activity, but generate even more.

“Many Australians get their first jobs in the hospitality and tourism industry and go onto great careers establishing their own small businesses and employing people of their own.

“Pubs, clubs, restaurants and cafes are part of Australians’ lifestyle. Having a drink in Australia is a social activity. Watching the footy with mates, a few drinks after work at the pub, celebrating at a wedding, or a nice meal over dinner at your favourite restaurant or cafe. The shutdown ended all of that.

“Our hospitality and retail venues have worked hard to create a safe environment for customers and our own team. We now want to get on with the job of creating jobs and occasions where Australians can get back together and share a meal and dink safely and responsibly,” Wilsmore said.

*According to the ABA’s Industry Report on coronavirus.