Yes, it means that the place looks even nicer live than in the photo.

Yes, it does! Dal vivo = from life / in person / live / in real life E lei è pure più bella dal vivo = And she's even more beautiful in person Penso potremmo vedere un'esecuzione dal vivo = I think we might actually see a live execution

HI, DAL VIVO means that something ( a concert, a game, a person ) is nicer if you are there and you see it in the reality. Ciao

Dal vivo means "in person".