The good news, which you already know: New York has proposed legislation to make it illegal for bots to eat up (ha ha) all the top restaurant reservations. The not as good news: It might not make that much of a difference.
No matter what, this news is positive. Amy Zhou, the superstar director of hospitality for Gracious Hospitality Management, has worked hard to make this bill happen. On some nights at Cote NYC, when there should be 400 covers, up to 100 are lost to bot-driven cancellations and no-shows; if the bill is signed into law, this helps alleviate some of that approx $10k per night in lost revenue.
But reservation booking sites like SevenRooms predict that the problem won't disappear. "There are some restaurants that people can't get into," says CEO Joel Montaniel. And Appointment Trader founder Jonas Frey plans to keep doing business "We're certainly not going to stop operating because we can't operate in New York," he says. Excellent reporting from Esme Fox Bloomberg News #restaurants #nyc #reservations #dining
Chief Operating Officer at BarVision
3moCongrats Marc and Cortez 👏