A New Analytic for Hotel Restaurant Real Estate: Transitioning Square Footage into Signature Experiences
🍴 Hotel food and beverage (F&B) remains a major revenue source, with luxury properties making up about one-third of total hotel revenue. Post-pandemic, 2024 F&B revenue is 81% of 2019 levels, after inflation. Labor costs rose nearly 15% in 2024, affecting margins. Innovative F&B strategies, like those at Wind Creek Chicago Southland, emphasize creating distinctive dining experiences with renowned chefs like Fabio Viviani. Hotels must optimize real estate for F&B to boost revenue, using creative, data-driven approaches.
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