logo PII
SHARE

Share this news item!

Harnessing Technology: A Catalyst for Growth in Australia's Hospitality Industry

Digital Innovations Transforming Hospitality Operations

Harnessing Technology: A Catalyst for Growth in Australia's Hospitality Industry?w=400

The information on this website is general in nature and does not take into account your objectives, financial situation, or needs. Consider seeking personal advice from a licensed adviser before acting on any information.

In the face of rising operational costs and labour shortages, the Australian hospitality industry is increasingly turning to technology to drive growth and enhance customer experiences.
A recent report by Lightspeed highlights that nearly half (47%) of venue operators acknowledge the pivotal role of digital tools in improving operational efficiency.
Additionally, 41% noted enhancements in customer service, attributing these improvements to the integration of technology that allows staff to focus more on service delivery.

The report anticipates continued investment in various technologies throughout 2025, including contactless payment systems, workforce management software, online ordering platforms, and inventory management solutions. These tools not only streamline operations but also cater to evolving consumer preferences for convenience and safety.

Despite economic pressures, Australians' enthusiasm for dining out remains robust. In 2024, there was an uptick in visits to restaurants and bars compared to the previous year, with younger demographics leading this trend. To navigate the challenges posed by increased supply costs and labour shortages, many venues have adjusted their pricing strategies, with an average menu price increase of 22% in 2024.

For restaurant and café owners, embracing technological advancements offers a pathway to resilience and competitiveness. Digital solutions can optimise various aspects of operations, from inventory management to customer engagement, ultimately contributing to increased revenue and customer satisfaction.

In summary, the integration of technology within the Australian hospitality sector is proving to be a game-changer. By adopting digital tools, venues can address operational challenges, meet consumer expectations, and position themselves for sustained growth in a dynamic market.

Published:Thursday, 20th Nov 2025
Source: Paige Estritori

Please Note: If this information affects you, seek advice from a licensed professional.

Share this news item:

Insurance News

Treasury Initiates Consultation on Professional Indemnity Insurance Reforms
Treasury Initiates Consultation on Professional Indemnity Insurance Reforms
23 Dec 2025: Paige Estritori
The Australian Treasury has commenced a consultation process aimed at improving the effectiveness of professional indemnity (PI) insurance, with the goal of strengthening the Compensation Scheme of Last Resort (CSLR). This initiative seeks to gather stakeholder feedback on the current operation of PI insurance and explore opportunities for enhancement. - read more
Upcover Introduces Specialised Insurance Solutions for Australian Nurses
Upcover Introduces Specialised Insurance Solutions for Australian Nurses
23 Dec 2025: Paige Estritori
Sydney-based insurtech company Upcover has unveiled a new professional indemnity and public liability insurance product tailored specifically for nurses across Australia. This initiative aims to provide comprehensive coverage that meets the unique needs of nursing professionals, including nurse practitioners, in-patient nurses, doulas, and nursing students. - read more
APRA Reports Stability in Professional Indemnity Claims with Decreasing Premiums
APRA Reports Stability in Professional Indemnity Claims with Decreasing Premiums
23 Dec 2025: Paige Estritori
The Australian Prudential Regulation Authority (APRA) has released its latest National Claims and Policies Database, providing valuable insights into the professional indemnity (PI) insurance sector for the 2022 underwriting year. The data indicates that PI claims payments for non-facility business remained relatively stable at $1.111 billion, a slight increase from $1.109 billion in the previous year. - read more
ABC Insurance Offers New Professional Indemnity Option for NSW Solicitors
ABC Insurance Offers New Professional Indemnity Option for NSW Solicitors
15 Dec 2025: Paige Estritori
In a significant development for New South Wales' legal community, ABC Insurance has announced its entry into the professional indemnity (PI) insurance market, providing solicitors with an alternative to the longstanding sole provider, Lawcover. This move introduces competition and choice for over 23,000 solicitors in the state, who have traditionally relied on Lawcover for their mandatory PI insurance. - read more
ProRisk Unveils Comprehensive Professional Indemnity Insurance via ProBind
ProRisk Unveils Comprehensive Professional Indemnity Insurance via ProBind
15 Dec 2025: Paige Estritori
Professional Risk Underwriting Pty Ltd (ProRisk) has launched a new Professional Indemnity (PI) Insurance policy available through their ProBind platform. This product caters to Australian-domiciled organisations with up to 500 employees and a turnover of up to $25 million, covering a wide array of 506 professional occupations, including consultants, accountants, engineers, and legal professionals. - read more

Explore Alternative Insurance Options

Discover trusted solutions from our family of brands:

Comprehensive Indemnity Insurance to Protect Your Professional Reputation