Even with inflation running over eight percent, many Americans plan to close out 2022 with some festive cheer.

As a result, restaurants and event spaces are hoping for brisk business from year-end holiday parties after they were sidelined by the pandemic for more than two years.

But how will they keep guests happy, and tables booked, while battling elevated costs?

CGTN’s Karina Mitchell spoke to two long-time restaurateurs in New York City to find out.