Some of Australia’s leading restaurants gather to address the cost of living crisis’ impact on the hospitality industry

Some of Australia’s leading restaurants are gathering in North Sydney today to address the tough economic conditions they are currently facing.

Transcript

00:00Some of Australia's leading restaurant owners will be gathering today to call for change.

00:06Now we'll be hearing from restaurant owners like Neil Perry and representatives from the

00:10Maryvale Group and what their biggest concern is the hospitality industry surviving into

00:16the future in this cost of living crisis.

00:18Now some restaurants say they've seen a decline in customers coming to their venue while others

00:23say they're feeling the pinch of rising produce costs.

00:27And here in one of Sydney's premium dining precincts, we've also seen some restaurants

00:32have to close their doors.

00:33Now the hospitality industry brings in $64 billion of revenue every year and employs

00:39around half a million people.

00:41And some of those people are students who are working part time to make a living while

00:45others it's their first job after leaving school.

00:48So this crisis doesn't just impact restaurant owners, it also impacts their employees and

00:52people who like to enjoy a meal out.

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