The American Club 2022/2023 Annual Report

PAGE 43

FOOD & BEVERAGE

FY2022 Food & Beverage Revenue S$13.19M

FY2021 Food & Beverage Revenue S$11.28M

10%

13%

13%

13%

10%

9%

15%

35%

33%

16%

8%

8%

9% 7%

The Second Floor Central

Tradewinds

Grillhouse

The Second Floor Central

Tradewinds

Grillhouse

Banquet

Gourmet Pantry Union Bar

Banquet

Gourmet Pantry Union Bar

FY2023 F&B Revenue S$15.75 million

F&B Revenue (S$'000) FY2023, 2022 & 2021

1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500 5,000

4,203

2,874

2,328

14%

15%

2,194

1,672

8%

1,311

1,168

FY2023

27%

0 500

18%

The Second Floor Central

Tradewinds

Grillhouse

11% 7%

Banquet

Gourmet Pantry Union Bar

S$’000

FY2023

FY2022

FY2021

2,328 1,311 2,874 1,168 1,672 4,203 2,194

1,726 1,154 2,096 925 1,173 4,418 1,700

1,174 1,087 1,655 911 955 3,973 1,522

The Second Floor Central Tradewinds Grillhouse Banquet Gourmet Pantry Union Bar

Food & beverage outlets continued to generate strong revenue with a usage rate of 76% for FY2023. Together with The Gourmet Pantry, Food & Beverage generated a total revenue of $15.75 million, an increase of 19%, equivalent to $2.56 million from FY2022. With full operations restored, most of the food & beverage outlets (The 2nd Floor, Tradewinds, Grillhouse and Union Bar) showed improvement of 30% and above from FY2022. Banquet also enjoyed strong revenue with corporate events and Sunday Brunches at The Galbraith Ballroom and outside catering, offsetting the loss of revenue from TAG2Go!. With Members’ business travel and the summer holidays, The Gourmet Pantry saw a slight decline of revenue by 5% in FY2023 from FY2022 but $1.9 million higher than in FY2015.

THE AMERICAN CLUB SINGAPORE ANNUAL REPORT 2022 / 2023