Comments on: $100 Dinner for Two is a Recession Concession?

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By: Jonah

Jonah — Mon, 24 Mar 2008 18:18:54 +0000

Sad, but prudent, point TimK. How long can the $1 menu items last at fast food places? Maybe the cost of food coupled with inflation will help us right-size our portions (disclosure: I am guilty of over eating).

By: Tim K

Tim K — Mon, 24 Mar 2008 05:27:09 +0000

I think the sadder reality is that since snowballing inflation will ultimately be what kills us, economically, the $100 dinner for 2 will soon be a more common event when eating out - but it’ll be for a meal at Burger King. An exaggeration, but you know what I mean.

By: George M

George M — Sat, 22 Mar 2008 21:37:16 +0000

I agree with your article, the key to recovery in a Recession is to save money. The more people spend in a recession the more likely they are to contribute to inflation. Beside Ro Ro’s on Sunset is better. Good resturants will survive a Recession, gimicky, trendy, faux richie places will go the way of the dinosaurs.

By: HC

HC — Fri, 21 Mar 2008 20:18:21 +0000

I wish them the best of luck in staying afloat as well.

I mulled over all these economical specials a little more over my own homemade, economical lunch, I just think it’s bad marketing. People who are really pinched are no going to be swayed by a few dollars worth of savings, whereas people who are going to restaurants anyways are just going to feel guilty they’re not saving more (especially when the specials are reminding them of recessions, slowdowns, unemployment, etc.) — further discouraging them from eating out.

By: Jonah

Jonah — Fri, 21 Mar 2008 16:57:18 +0000

You’re right HC, restaurants are getting hit on all sides right now. Decreased spending by customers and increased costs of food and supplies. It’s a tough business that is getting tougher.

I remember after 9/11 there was a wave of restaurant closures, like Ben Ford’s Chadwick, due to people holding on tighter to their wallets.

I don’t begrudge Table 8’s offering a special menu, but your observation of this being a concession for the restaurant may be more accurate.

I suspect that we are going to see an increase in these kinds of promotions as restaurants struggle to stay in business. I wish all of our great chefs and business owners the best of luck!

By: HC

HC — Fri, 21 Mar 2008 16:46:58 +0000

I thought the naming was clever but yea, nearly $50 a person isn’t much of a concession for someone who’s really hit by the recession.

Or maybe it’s a concession for the restaurants, no doubt many mid- and high-end places are feeling the pinch of hard times & inflated prices of food.

The “inflation libation” also being promoted on that release sounds like a better deal (beer/wine + 2 small plates at the lounge for $18/person) — but that depends on what food’s being served.