Mexico Restaurant Rating Analysis I am thrilled to share fascinating insights from my PowerBI analysis of restaurant ratings in Mexico! 🇲🇽 The dataset is rich with real consumer reviews since 2012 and has opened a window into consumer preferences, demographics, and market dynamics. The dataset was cleaned using Power Query.
🔍 Key Insights Uncovered:
1️⃣ Consumer Impact on Ratings: Analysis shows that among 128 customers, single individuals contribute more actively than the 10 married customers, revealing patterns that can guide restaurants in meeting diverse consumer preferences.
2️⃣ Diverse Demographics: The largest group, comprising 113 individuals, are students, highlighting a varied demographic. However, the small representation of unemployed consumers (2 individuals) suggests a potential bias in the sample that warrants further investigation.
3️⃣ Regional Rating Variances: Cuernavaca leads with the highest average overall rating (1.38/2), while Ciudad Victoria has the lowest (0.93). Recognizing these regional differences opens strategic opportunities for targeted market approaches.
4️⃣ Consumer Distribution Across Cities: San Luis Potosi, with 86 consumers (62% of the total), emerges as a dining hub, while Jiutepec has the fewest consumers at 5 (3.6% of the total). Investors can use this data to identify cities with untapped potential.
5️⃣ Restaurant Performance: Cuernavaca's Restaurant Las Mananitas excels with the highest ratings (2/2), showcasing success. On the flip side, Restaurant Los Compadres in San Luis Potosi City and Carnitas Mata Calle 16 de Septiembre in Ciudad Victoria face challenges, holding the lowest ratings at 0.25.
💡 Recommendations for Investors and Restaurants:
✅ Consumer-Centric Approach: Invest in understanding consumer preferences and tailoring offerings to meet diverse needs, ultimately influencing positive ratings.
✅ Strategic Regional Expansion: Explore opportunities in regions with lower average ratings, adapting strategies to align with local preferences and enhance overall appeal.
✅ Continuous Quality Improvement: Restaurants aiming for high ratings should focus on consistently delivering exceptional food quality, as food ratings strongly correlate with overall ratings.
Published:November 30, 2023