The Revenue Implications of Star Ratings: A Comparison of 3-Star and 5-Star Restaurants
Online reviews significantly influence consumer choices, including where people decide to dine out. Platforms such as Google, Yelp, and TripAdvisor offer star ratings that can drastically affect a restaurant’s success. But what does this mean in terms of revenue for these establishments? This discussion delves into the disparity in revenue potential between 3-star and 5-star...