1/3 of hospitality and retail businesses in a 2024 NSW survey consider closure due to rising costs of living, exacerbated by Bonza Airlines insolvency.

1/3 of hospitality and retail businesses in a 2024 Business NSW survey consider closure due to rising cost of living. Bonza airlines insolvency adds to business owners' concerns. Spending levels remain similar to last year, but costs of energy, insurance, wages, and alcohol rise. Businesses offer discounts and happy hours to attract customers amid tightened economic situation.