Recent research by JLL highlights that upscale restaurants, particularly those affiliated with celebrity chefs, are transforming luxury hotels into vibrant destinations, significantly enhancing their occupancy and revenue metrics. Hotels featuring notable eateries boast occupancy rates almost 7% higher and generate an average daily rate that exceeds competitors by 8.8%. The report illustrates that guests are increasingly drawn to these establishments, evidenced by a $128 consumer spending pattern on dining for every $100 spent on groceries. As a result, integrating a high-end dining option has become crucial for hotels to remain competitive.
"Upscale restaurants are becoming the new anchors of luxury hotels, increasing occupancy and revenue substantially compared to hotels without such dining options."
"Hotels with prestigious restaurants enjoy occupancy levels nearly 7 percentage points higher and average daily rates 8.8 percent more than their peers."
Collection
[
|
...
]