You might be aware with the fact that the number of restaurants and bars in NY is increasing significantly day by day. The reason behind is that the number of alcoholics are increasing and to cater their specific demands of alcohol the number of restaurants and bars are increasing . Though preventive programs are going on to reduce the number of alcoholics in the city, but at the same time the authorities are introducing some new features and facilities to ensure that no issues are created in the centers. To increase the numbers of visitors and to increase sales, bars and restaurants are competing with each other by offering some attractive deals and offers to the people. Many new services and features are introduced by these bars and restaurants so as to entice the visitors and to increase their sales. One such feature if happy hour offered by the bars and restaurants . With this feature they are making huge profit.
This is the most popular and crucial business strategy used by the restaurant and bars these days . This business strategy helps them to increase their customer flow. The primary benefit of this business strategy is that with this offer the customers can enjoy their favorite drinks and foods at discounted rates. However, this offer is not applicable for all the drinks, but the majority of drinks come under this offer. So, people can now enjoy their favorite drinks and food at discounted rates if they avail the benefits of happy hour. Initially, happy hour was only available for drinks, but to increase the customer flow and to increase sales, the restaurants and bars are offering foods and other items at discounted rates during happy hours. People can avail several other benefits if they visit the bars or restaurants during happy hours.
Generally, happy hour is offered by the Stonehaus during the time when customer flow is quite low, especially during the off timing of the business. By offering happy hours, the business owners can increase the flow of customer even during off timings. But, the happy hours offered by the bars and restaurants differ from each other. According to some restaurants and bars happy hours means an increased number of drinks at the same rate, while some considered it as the hour where drinks will be offered by bars at discounted rates. In both the cases, the logic remains the same that is to offer drinks and foods at discounted rates.