Hospitality Sector Adapts to Economic Polarization with Tiered Experiences and Flexible Concepts
💸 In today's economy, businesses face a "barbell" shift toward luxury and affordability, with the middle struggling. Dining examples: JC Holdway offers $9 to $3,000 experiences; Momofuku spans $15 ramen to $180 tastings. Creative models like tiered menus and dual-concept spaces (e.g., Anacacho) are emerging. Premium spots like Century Grand in Phoenix offer unique experiences. Others, like Mercado La Paloma in LA, focus on community and accessibility. Operators must adapt with clarity and courage to survive.
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