16 Jul 2026 09:26:02 ET │ 18 pages Australia Beverages Insights from a recent pub conference – relevant to EDV + EVT CITI'S TAKE We attended an Australian pub/hotel conference this week and have come away positive on the outlook for Endeavour's Hotels business as 1) on- premise (+7.2% MAT growth to Mar-26) continues to outperform off- premise (-1.1%) liquor consumption as consumers gravitate towards drinking as part of an event/experience rather than at home, 2) accommodation is a margin effective revenue d ...