This review is for the formal restaurant, not the outdoor pub. We went to the Waldhaus given my wife's craving for German food. Before descending to the restaurant we wandered through the Fairmont Banff Springs Hotel, which is definitely worth experiencing. The views from both the hotel and the restaurant can't be beat. We watched the moonrise over the Rockies from the restaurant. Wow! My wife loved the weinerschnitzel and is something of a gourmand on it. I haven't been exposed to German meals very often so can't offer an opinion. But, the restaurant atmosphere was congenial and the staff was attentive.
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