The American Club 2021/2022 Annual Report

PAGE 46 THE AMERICAN CLUB SINGAPORE ANNUAL REPORT 2021 / 2022

FOOD & BEVERAGE

FY2021 Food & Beverage Revenue S$11.28M

FY2020 Food & Beverage Revenue S$9.74M

10%

13%

15%

16%

10%

9%

20%

15%

35%

20%

8%

11% 8%

8%

The Second Floor Central

Tradewinds

Grillhouse

The Second Floor Central

Tradewinds

Grillhouse

Banquet

Gourmet Pantry Union Bar

Banquet

Gourmet Pantry Union Bar

F&B Revenue (S$'000) FY2022, 2021 & 2020

FY2022 F&B Revenue S$13.19 million

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

4,418

2,096

1,726

1,700

1,173

1,154

925

0 500

13%

13%

The Second Floor Central

Tradewinds

Grillhouse

Banquet

Gourmet Pantry Union Bar

9%

S$’000

FY2022

FY2021

FY2020

FY2022

33%

16%

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

1,174 1,087 1,655 9 1 1 955 3,973 1,522

1,435 905 1,971 822 1,052 1,991 1,566

The Second Floor Central Tradewinds Grillhouse Banquet Gourmet Pantry Union Bar

9% 7%

Food & beverage outlets showed strong revenue turnaround with usage of 72% for FY2022. Together with The Gourmet Pantry, Food & Beverage generated a total revenue of $13.19 million, an improvement of 17% over $11.28 million in FY2021.

Revenue for The Second Floor, Central, Tradewinds, Grillhouse and Union Bar showed improvement of 20% with strong support from the Members during COVID-19 period. Revenue from Banquet were severely reduced with only takeaways and deliveries allowed. Corporate events and Sunday brunches at The Galbraith Ballroom only re-launched in April 2022 when the safe distancing measures were eased. The outlet’s revenue shortfall was bolstered by strong demand for wines at The Gourmet Pantry with a total revenue of $4.42 million in FY2022. This is an increase of $0.45 million (+11%) and $2.08 million (+89%) over FY2021 and FY2015 respectively.