TURNOVER RATES IN FRESH CATERING


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Introduction

Hotel and tourism contributes significantly to the growth and development of the Australian economy.TURNOVER RATES IN FRESH CATERING The Australian tourism industry contributed about 10.9% ($136.2 billion) to the country’s GDP in 2016 and it was forecasted to increase by 3.3% in 2017. The industry accounts for more than 12.5% of the total employment in 2016 but it was projected to fall by 1.7% in 2017. This shows that the industry is very important in the economic growth and development of the country.

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National Restaurant Association. (2017) ‘Hospitality employee turnover rate edged higher in 2016.’ National Restaurant Association, 1-2

World Travel and Tourism Council. (2017) ‘Travel and tourism: Economic impact in 2017 Australia.’ World Travel and Tourism Council, 3-20