The Hospitatlity Economy

Danny Meyer’s, Setting the Table

This innovative philosophy emphasizes putting the power of hospitality to work in a new and counterintuitive way: The first and most important application of hospitality is to the people who work for you, and then, in descending order of priority, to the guests, the community, the suppliers, and the investors. This way of prioritizing stands the more traditional business models on their heads, but Danny considers it the foundation of every success that he and his restaurants have achieved.

Some of Danny’s other insights:

Hospitality is present when something happens for you. It is absent when something happens to you. These two simple concepts-;for and to-; express it all.
Context, context, context, trumps the outdated location, location, location.
Shared ownership develops when guests talk about a restaurant as if it’s theirs. That sense of affiliation builds trust and invariably leads to repeat business.
Err on the side of generosity: You get more by first giving more.
Wherever your center lies, know it, name it, believe in it. When you cede your core values to someone else, it’s time to quit.

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