restaurant and bar district; food and drink arcade
Refers to a street or area with a concentration of restaurants, bars, and similar establishments. Often used in travel guides and real estate descriptions.
There is a large restaurant and bar district behind this station.
We had dinner in a food and drink arcade popular with tourists.
飲み屋街 is a more casual term for a bar district, often implying smaller, traditional drinking places, whereas 飲食街 includes a wider range of restaurants and bars.
Compound of 飲食 (いんしょく, 'eating and drinking') and 街 (がい, 'street' or 'district').