Includes newer boutique hotels like upcoming The Godfrey Hotel Detroit with a focus on dining and “people gathering.”
The restaurant industry was significantly impacted by the COVID-19 pandemic, with many restaurants closing permanently and others struggling to stay afloat. However, beginning with the widespread distribution of vaccines and the easing of restrictions in many places, the restaurant industry has been regaining strength. This is fueled in great part by pent-up demand by folks to enjoy a dining and lounge experience as they get out and socialize again.
Certainly, the industry continues to adjust to a “new normal” with respect to issues like the supply chain, labor markets, and more prominence for curb-side pickup or more home delivery of meals. Regardless, Detroit has been experiencing a revitalization in recent years, and this has had a positive impact on the restaurant industry in the downtown area. New restaurants and hotels, coming on at a measured pace, continue to enhance Detroit as an appealing urban environment for businesses and their workers, conventions, entertainment venues and residence. Just try to find a condominium in the City’s Downtown core!
In fact, according to a pre-pandemic report by the Downtown Detroit Partnership, the number of restaurants in downtown Detroit increased by 27% between 2015 and 2019. Additionally, the report stated that there has been an increase in both the number of restaurant jobs and the average wage for restaurant workers in the downtown area.
And, now, post-pandemic, we are seeing significant new business planning in the lodging and restaurant sector for the City. For example, the 220-room Godfrey Hotel Detroit, Curio Collection by Hilton, is projected to open in June, featuring a restaurant opening to Corktown’s Michigan Avenue, a large year-round rooftop Lounge, and lobby bar. In addition to the The Godfrey Detroit, new restaurants are expected to open by mid-year in locations that include Core City, the Eastern Market, Corktown, the GAR Building and Washington Avenue
Yes, the COVID-19 pandemic has had a significant impact on the restaurant industry in Detroit, as it has in many other cities around the world, and the restaurant industry is a challenging one in any economy. However, going forward, hospitality entities now better understand how to handle any temporary Covid precautions, making any necessary adjustments to operations.
Most importantly, the marketplace is adapting and we welcome the new entrepreneurial investment by the lodging and restaurant industry in our City.
Contact us to learn more how the marketing experts at Marx Layne & Co. can promote and position your hotel, restaurant or entertainment entity within today’s competitive business environment.
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