It’s not been the easiest year for restaurants. We’re all too familiar with the current operational challenges and the somewhat unstable economic climate that’s meant 2018 has been a tricky one to navigate. Yet, I still find myself asking the question as to whether there are simply too many restaurants – especially new ones – in London.
I’m not entirely sure what the correct answer is but it’s clear there are still endless opportunities for restaurants. Of course, the issue over location is still the most relevant. Understanding the pros and cons of a certain part of a town and a particular location on a street – can be the difference between boom or bust.
It’s been interesting to see that two of the most exciting areas at the moment for hospitality operators – King’s Cross and the Battersea Power Station development – are both being anchored by tech companies, Google and Apple respectively. Maybe the future of hospitality lies in tech after all.
Have a good week.