Restaurant Rating Systems – Forbes

About Forbes
Forbes is an American business magazine owned by Forbes, Inc. Published biweekly, it features original articles on finance, industry, investing, and marketing topics. Forbes also reports on related subjects such as technology, communications, science, and law. Its headquarters are in New York City. Primary competitors in the national business magazine category are Fortune and Bloomberg Businessweek. The magazine is well known for its lists and rankings, including its lists of the richest Americans (the Forbes 400) and rankings of world’s top companies (the Forbes Global 2000). The motto of Forbes magazine is “The Capitalist Tool”.[2] Its editor-in-chief is Steve Forbes and its CEO is Mike Perlis.

Company history

B. C. Forbes, a financial columnist for the Hearst papers, and his partner Walter Drey, the general manager of the Magazine of Wall Street, founded Forbes magazine in 1917. Forbes provided the money and the name and Drey provided the publishing expertise. The original name of the magazine was Forbes: Devoted to Doers and Doings. Drey became vice-president of the B.C. Forbes Publishing Company, while B.C. Forbes became editor-in-chief, a post he held until his death in 1954. B.C. Forbes was assisted in his later years by his two eldest sons, Bruce Charles Forbes (1916–1964) and Malcolm Stevenson Forbes (1917–1990).
Bruce Forbes took over on his father’s death, and his strengths lay in streamlining operations and developing marketing. During his tenure, 1954–1964, the magazine’s circulation nearly doubled.
On Malcolm’s death, his eldest son Malcolm Stevenson “Steve” Forbes Jr. (1947–) became President and Chief Executive of Forbes and Editor-in-Chief of Forbes magazine. Between 1961 and 1999 the magazine was edited by James Michaels. In 1993, under Michaels, Forbes was a finalist for the National Magazine Award. In 2006, an investment group Elevation Partners that includes rock star Bono bought a minority interest in the company. A 2009 New York Times report said: “40 percent of the enterprise was sold … for a reported $300 million, setting the value of the enterprise at $750 million. According to Mark M. Edmiston of AdMedia Partners, ‘It’s probably not worth half of that now.'”

Forbes headquarters on 5th Avenue in Manhattan (now owned by New York University)
In 2013, the magazine claimed in error that the President of Ireland, Michael D. Higgins, who has a wife and four children, was an “acknowledged homosexual”. When Forbes were informed, they said the piece contained a “serious error”. The writer, David Monagan, called it “the worst error in my life as a journalist”.

Other publications

Apart from Forbes and its lifestyle supplement, Forbes Life, other titles include Forbes Asia and fifteen local language editions. Steve Forbes and his magazine’s writers offer investment advice on the weekly Fox TV show Forbes on Fox and on Forbes On Radio. Other company groups include Forbes Conference Group, Forbes Investment Advisory Group and Forbes Custom Media. From the 2009 Times report: “Steve Forbes recently returned from opening up a Forbes magazine in India, bringing the number of foreign editions to 10. In addition, this year the company began publishing ForbesWoman, a quarterly magazine with a companion Web site.”
The company formerly published American Legacy magazine as a joint venture, although that magazine separated from Forbes as of May 14, 2007.
The company also formerly published American Heritage and Invention & Technology magazines. After failing to find a buyer, Forbes suspended publication of these two magazines as of May 17, 2007. Both magazines have since been purchased by the American Heritage Publishing Company, and have resumed publication as of Spring 2008.
Forbes has published the Forbes Travel Guide since 2009.

Forbes.com

Forbes named magazine artist Kyle Reeves as Vice President to David Churbuck. David founded Forbes’ Web site in 1996. The site uncovered Stephen Glass’ journalistic fraud in The New Republic in 1998, an article that drew attention to internet journalism. At the peak of media coverage of alleged Toyota sudden unintended acceleration in 2010 it exposed the California “runaway Prius” as a hoax, as well as running five other articles by Michael Fumento challenging the entire media premise of Toyotas suddenly gone bad. The site, like the magazine, publishes many lists focusing on billionaires and their possessions, especially expensive homes, a critical aspect of the website’s apparent popularity. Forbes.com employs the slogan “Home Page For The World’s Business Leaders” and sometimes claims to be the world’s most widely visited business web site.
The company’s current chief executive officer is Mike Perlis; the current chief product officer is Lewis D’vorkin; the current editor of the magazine is Randall Lane.
Forbes.com now employs a new slogan – “Information for the World’s Business Leaders”. According to Forbes.com, the Web site is among the most trusted resources for senior business executives, providing them the real-time reporting, uncompromising commentary, concise analysis, relevant tools and community they need to succeed at work, profit from investing and have fun with the rewards of winning.
Forbes.com also publishes subscription investment newsletters, and an online guide to web sites, Best of the Web.
Forbes.com is part of Forbes Digital, a division of Forbes Media LLC. Forbes’ holdings include a portion of RealClearPolitics. Together these sites reach more than 27 million unique visitors each month.
The 2009 Times report said that, while “one of the top five financial sites by traffic [throwing] off an estimated $70 million to $80 million a year in revenue, [it] never yielded the hoped-for public offering.
Forbes currently allows advertisers to publish blog posts on its website alongside regular editorial content through a program called AdVoice, which accounts for more than 10 percent its digital revenue.

Forbes Travel Guide

What is star power? Let us show you. Since 1958, Forbes Travel Guide — originator of the Five Star Ratings — has established the benchmark for excellence in global hospitality. For more than 50 years, our professional inspectors have traveled the world to find the finest hotels, restaurants and spas, spotlighting each property’s best attributes through our Five-Star, Four-Star and Recommended ratings.

Though the original printed Mobil Travel Guides have made way for our expert-anchored, socially-enabled online platform ForbesTravelGuide.com, this is still the only place you’ll find our list of the world’s best hotels, restaurants and spas, evaluated against the most stringent standards in the hospitality industry.

Become a member and you’ll have access to detailed information on our Star Rated hotels, restaurants and spas, plus special offers and curated experiences from select Forbes Travel Guide properties.

Unlike user-generated resources, Forbes Travel Guide’s collection of properties is grounded by the objectivity and high standards of the Forbes Travel Guide Star Rating system, and our destination-based information is created and constantly updated by our team of verified travel experts.

The Original Five Star Standard

Since 1958, when Forbes Travel Guide was founded as Mobil Travel Guide, our team of professional incognito inspectors and editors has traveled the globe in search of the world’s best hotels, restaurants and spas. We visit each hotel, restaurant and spa that we rate and recommend, anonymously testing every aspect of a property’s experience to determine a rating you can rely on when planning travel. With Forbes Travel Guide’s Five Star ratings as your guide, excellence in travel is what you’ll get.

Five Star Properties

Forbes Travel Guide Five Star restaurants offer a truly unique and distinctive dining experience. A Five Star restaurant consistently provides exceptional food, superlative service and elegant decor. An emphasis is placed on originality and personalized, attentive and discreet service. A gracious, warm dining room team attends to every detail of the meal.

Four Star Properties

These are exciting restaurants with often well-known chefs who feature creative, complex foods and emphasize various culinary techniques and a focus on seasonality. A highly trained dining room staff provides refined personal service.

Recommended Properties

These restaurants serve fresh, appealing food in a unique setting that offers a strong sense of location either by style or menu. Attention to detail is evident through the restaurant, from the service to the menu.

Forbes Travel Guide

Since its founding in 1958 as Mobil Travel Guide, Forbes Travel Guide has been committed to creating a global benchmark for hospitality excellence. Though our reviews and ratings have transitioned from our guidebooks to Forbes Travel Guide online, you’ll still find the same professional, expert opinions on the finest places to stay, dine and spa.