“A Future With Fewer Reservations”

Meghan Petersen

An interesting interview with Danny Meyer about the restaurant industry’s future.

New York restaurateur Danny Meyer is witnessing a turning point in his industry, amid the deepest and most persistent downturn in fine dining in his 24-year career. In recent months, Mr. Meyer, who owns Gramercy Tavern and Union Square Cafe, has seen the closing of once high-rolling competitors including Atria, Town, Kobe Club, and Docks Oyster Bar on the West Side. Mr. Meyer says his margins in his casual restaurants are holding steady—that’s partly the result of lower wholesale costs of a variety of goods—but margins are “down slightly” in his fine-dining restaurants, primarily because fewer people are springing for a pre-theater meal these days, he says.

To read more of this interview, click here.

Filed Under: Industry Trends