Here’s an interesting article from the Philadelphia Business Journal about the effects of a convention on a city. Especially a very large , citywide convention such as the DNC.
The issue becomes booking large private parties that essentially close down your restaurant to your normal clientele and regulars. Does the extra money outweigh the potential negative consequences from the regular local crowd? Have you ever had to deal with this type of situation? Which route did you choose?
I guess there are some options to try to accommodate both scenarios such as reserving your restaurant for private parties on some, but not all of the days the convention is in town. Â Or hold a customer appreciation day/days/week leading up to the convention where you could thank your regulars for their loyalty and ask for their understanding during the convention.
I suppose a lot depends on where you are as a business at the time the convention comes to town. If you have been struggling a little bit this could be the shot in the arm you need to get some extra cash in the door. But if you are established and have a great regular crowd you might be better served not renting out to private parties and be open for business as usual.
It would be interesting to hear some real life stories so please share in the comments. Click here to read the full article.
