High-End Restaurants Have Seen a Decline in New Openings, According to a New Report

Published on June 6, 2024

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The fine-dining bubble may be getting ready to burst.

High-end restaurant openings were down in the year from May 2023 to April 2024, according to a new Yelp report released on Wednesday. Categories and cuisines usually associated with fine dining saw a decline in new openings: New American restaurants dropped the most (46 percent), while teppanyaki (40 percent) and Modern European (36 percent) weren’t too far behind.

It’s been an up-and-down year for the restaurant industry, if Yelp’s data are anything to go by. And just like all spots, fine-dining concepts are trying to find their footing in our uncertain world.

Tori Latham

Tori Latham is a digital staff writer at Robb Report. She was previously a copy editor at The Atlantic, and has written for publications including The Cut and The Hollywood Reporter. When not…

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