> The restaurants’ productivity growth rates are strongly correlated, however, with reductions in the amount of time their customers spend in the establishments, particularly with a rising share of customers spending 10 minutes or less. The frequency of such ‘take-out’ customers rose considerably during COVID, even at fast food restaurants, and never went back down. The magnitude of the restaurant-level relationship…
Hmm, did they lower their price correspondingly, at least compared to competition? Because I don't go to restaurants to just eat, albeit fine food, I go for whole experience, environment. Something clicks in each human brain and we have this bubble of different vibes, for lack of better words. Plus social aspects. Same reason alcoholics or anybody else still go to bars in droves, despite being able to just buy same a…
Au contraire: >A Michelin Star is awarded for the food on the plate – nothing else. The style of a restaurant and its degree of formality or informality have no bearing whatsoever on the award.
https://guide.michelin.com/us/en/article/features/what-is-a-...