Site icon TheDailyCheck.net

Fine art and fine wine: Study reveals impact of quality wine program on museum restaurant success

Credit: CC0 Public Domain

From declining attendance to dwindling donations, many museums are still struggling to recover from the COVID-19 pandemic. As these cultural institutions look for alternative revenue sources, researchers at the University of Houston’s Conrad N. Hilton College of Global Hospitality Leadership say pairing fine art with fine wine can be an impactful income generator.

“We know museums are upgrading their dining experiences to get more people to visit, and wine is a big part of that experience,” said Chris Taylor, associate professor and director of the Beverage Management Program and Fred Parks Wine Cellar at Hilton College.

Taylor surveyed nearly 400 people who had dined at a museum restaurant in the past year and ordered wine. The results, published in the Journal of Foodservice Business Research, found that a curated wine program at a museum restaurant can enhance visitor engagement, serve as an extension of the cultural immersion experience and provide a higher profit margin.

“While a wine program won’t necessarily get people into the museum, they are much more likely to order wine if it’s available in the restaurant,” Taylor said. “And that provides another lucrative revenue stream.”

The vast majority of museums are 501(c)(3) nonprofit organizations that rely mainly on public funding, donations and membership fees to operate. But like many other entities, museums were hard hit by the pandemic. According to the American Alliance of Museums, attendance is down 38% from pre-pandemic levels and nearly two-thirds of museums reported financial losses averaging $800,000 per year.

“It’s important for museums to figure out a way to create a better experience for the patrons, especially younger adults who aren’t visiting the way older adults are,” said Taylor. “A big part of that is the dining experience and the beverages they offer.”

Increasingly museums are ditching no frills, basic food offerings for visitors to more stylish restaurants helmed by award-winning chefs such as Wolfgang Puck. Two years ago, Houston’s Museum of Fine Arts opened “Le Jardinier,” widely considered the best museum restaurant in Texas and one of the best in the country, which features a high-end wine selection, including several bottles priced around $12,000. Taylor says it’s all about building a culture that helps the bottom line.

“It’s an opportunity for the restaurant, and the museum, to grow revenue through wine sales,” Taylor said. “It makes sense to build a quality wine program because the typical museum visitor, and potential benefactor, will likely order wine with their meal.”

More information:
D. Christopher Taylor et al, The museum restaurant as a destination: the influence of wine, Journal of Foodservice Business Research (2023). DOI: 10.1080/15378020.2023.2227257

Provided by
University of Houston


Citation:
Fine art and fine wine: Study reveals impact of quality wine program on museum restaurant success (2023, July 19)
retrieved 19 July 2023
from https://phys.org/news/2023-07-fine-art-wine-reveals-impact.html

This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no
part may be reproduced without the written permission. The content is provided for information purposes only.

For all the latest Science News Click Here 

 For the latest news and updates, follow us on Google News

Read original article here

Denial of responsibility! TheDailyCheck is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – abuse@thedailycheck.net The content will be deleted within 24 hours.
Exit mobile version