The all-you-can-eat buffet format has faced a sustained decline across most hospitality segments, according to James Hacon, founder of Think Hospitality. Factors contributing to this decline include cost, waste, and the effects of the pandemic.
In Las Vegas, once a hub for buffets, the number of establishments has significantly decreased from around 35 to just seven. The closure of the MGM Grand Buffet in May, which had been open since 1993, raised concerns about the future of Vegas buffets.
However, a luxury buffet scene is emerging, particularly in London. The Ned, a venue in the City, offers a Sunday 'feast' for £120 per person. This service has become highly successful, operating across two of its restaurants and currently has a three-month waiting list.