The 2024 Australasian Gaming Expo (AGE) in Sydney was a standout event for Quantaco. This premier gathering of hospitality industry professionals provided the ideal platform to engage with our partners, share knowledge with new faces, and explore the latest trends impacting the sector. Here’s a recap of our time at the event and the valuable insights we shared.
Engaging Conversations on Industry Trends
Our stand at AGE 2024 was a bustling hub of discussion, where we connected with a diverse range of hospitality professionals. The conversations we had were centred on the most pressing trends currently shaping the industry—from the impact of rising costs to the challenges of maintaining profitability in an uncertain economic climate. We took this opportunity to showcase how Quantaco’s tailored services and platform are uniquely designed to help businesses navigate these challenges.
Highlighting Our FY24 Industry Report
A significant highlight of our presence at AGE 2024 was the in-depth discussions surrounding our recently released Hospitality Industry Update for FY24. This report, which we shared with attendees, offers a comprehensive analysis of key metrics that have defined the past financial year. The report covers everything from sales performance and labour costs to the impact of rising expenses on profitability.
Attendees were particularly interested in the insights regarding a 7% overall increase in revenue across all sales categories in FY24 compared to the previous year. However, despite this growth, profitability measured by EBITDAR (earnings before interest, tax, depreciation, amortisation, and rent) saw a slight decline of 1.2%. This was primarily driven by significant increases in operating expenses such as utilities, insurance, and security costs, which have risen by as much as 32%. These insights sparked valuable discussions on how businesses can leverage data and strategic planning to optimise their operations and mitigate rising costs.
Addressing Industry Challenges with Quantaco’s Solutions
The hospitality industry continues to face numerous challenges, from rising labour costs to fluctuating consumer demand. At AGE 2024, we emphasised how Quantaco’s comprehensive suite of solutions, including our advanced financial services and innovative platform, can help businesses tackle these issues head-on. Our platform offers real-time insights that enable operators to make informed decisions, ensuring they remain agile and competitive in a rapidly evolving market.
We also highlighted the importance of efficient staff management, especially in times of tight labour supply. Our Salesline application, designed to forecast staffing needs accurately, was of particular interest to attendees looking to maintain profitability while managing labour costs effectively.
Collaborating with Quantaco’s Professional Team
One of the key advantages of working with Quantaco is the expertise and dedication of our professional team, who are committed to delivering exceptional results for our clients. During AGE 2024, many attendees had the opportunity to meet with our Client Directors, Customer Success, and Onboarding teams, who are at the forefront of building and nurturing strong relationships with our clients. They shared how they work closely with each client to understand their unique challenges and tailor our solutions to meet their specific needs.
Looking Forward
Reflecting on our time at AGE 2024, we’re excited about the future and the partnerships we’ve strengthened and formed during the event. The insights shared and the solutions discussed have set the stage for continued innovation and growth within the hospitality industry.
Thank you to everyone who visited our stand and engaged with us. We look forward to continuing these conversations and working together to drive the industry forward, one innovative solution at a time.
Stay tuned for more updates from Quantaco as we continue to lead the way in hospitality insights and solutions!
