It’s about a financial and cultural impact in multiple neighborhoods or cities (including New York City, the Hamptons, Los Angeles, Las Vegas, Miami, Dallas and Aspen), or it’s about diversifying into products, media, events, technology and other businesses.
They believe that hospitality can be a platform that leads to multiple venues and multiple revenue streams.įor the people on this list, it’s not enough to have just one restaurant or nightclub. They believe that restaurants and nightclubs can make guests feel more alive. They believe in the restorative power of hospitality and in both the tangible and intangible rewards that come with that. The men and women on Observer’s 2023 Dining and Nightlife Power List are believers. Plus, workloads are often high, while margins are often low. The hospitality business is facing challenges, including rising costs, staffing issues, unforeseen delays and a world where everything from delivery apps to streaming entertainment makes staying home more exciting. Opening a restaurant or a nightclub in 2023 is an act of faith.
