Covid has made a big impact on Australia’s hotel sales, according to JLL Hotels & Hospitality MD John Musca. In just a few weeks on April 4, he’ll take the stage at the Pub Leaders Summit to share his top pub property predictions.
According to Musca the rise of corporate and syndicated capital flows, supply constraints, consolidation and record pricing have all played their part over the last two years. “Covid kept money cheap, and equity sought a home,” he says.
Operator fatigue, which saw some “getting off the roller-coaster after three years”, is another big issue that’s been affecting the pub property market, he says, along with the regionalisation of the market and the rise of greenfield and brownfield new hotel developments.
Musca will discuss these trends and what they mean for pub owners and operators in his presentation, Hotel property values in a Covid world, at the Pub Leaders Summit.
Attendees will gain a new understanding of their assets and where they fit within this cycle and beyond, and will also be given insight into hotel revenue re-rating to help them understand what has become important to buyers as a result of the pandemic.
The Pub Leaders Summit 2022 is now less than a month away and venue operators have until Tuesday next week, March 8, to take advantage of early bird prices, with the price set to rise to $299 per person.
Other speakers providing important insights into future trends on the day include tech entrepreneur and me&u founder Stevan Premutico who will discuss the crucial role of technology in reducing pressure on staff in his Pub Leaders Summit presentation.
“Innovation is at the very heart of a return to any form of normalisation for our great industry, and we’re about to take on our biggest challenge yet – revolutionising how business is done in a centuries-old industry,” Premutico says.
“The silver lining is that our great industry has had to change fast as a result. I’ll be chatting about how businesses can create a better, more sustainable future for our hospitality.
Quantaco founder and CEO Anthony Sullivan will also be sharing insights aimed at helping pubs. “Data tells a story and by being able to read the story you will gain better business outcomes,” he says.
KPMG partner Morgan Kelly who will identify the key trends expected to emerge over the next 12 months, and will also share new ways to ease these pressures through the use of data to improve revenue.
With just over four weeks to go, don’t miss this important industry event. Secure your ticket now at the early bird price of $199 plus GST for pub operators.
Check out the program here and register here!
Sponsorship/exhibition opportunities are still available – for more information contact Jason Wild at jwild@intermedia.com.au or on 0416 576 256.