When 2,000 points are acquired, you can redeem the for OpenTable Dining Cheques in the U.S., Canada and the UK.
There are also “1,000-point” reservations at some restaurants, which earn, of course, 1,000 points.
100 points are acquired per standard reservation made and kept.
User acquire points by making and honoring reservations.
Almost 1/3 of reservations are made at night, between 10pm and 10am.
Booking is free and the no-show rate for reservations via OpenTable is only 5%.
Restaurants pay only for seated diners.
This increase is due to 34% more seated dinners in 4Q13 than 4Q12.
OpenTable announced Q4 2013 quarterly earnings of $52.3M in Jan 2014 - an increase of 22% over Q4 2012.
OpenTable filed for an IPO in 2009 and went public on May 21st of that year.
Mobile apps (available since 2008) are used for over 40% (41%) of North American reservations.
Diners have spent over $20B at partner restaurants.
14M diners are seated per month through OpenTable.
Search for a seat in any of 31,000 restaurants in the USA, Canada and 16 other countries.
OpenTable: Save Me a SeatĮntertaining guests and looking for a suitable restaurant? While hardly a startup anymore, having been established in 1998, OpenTable provides a search-and-book service with comprehensive filters. This is by no means an exhaustive list of food-related Web and mobile apps, although here are a few that have been prominent lately, as well as some of their competitors. Some foodpreneur startups have filed for IPO recently or have been in IPO for several years, which shows a maturing of the niche. In fact, mobile and web apps for foodies are popping up all the time, and several have received VC funding - albeit not necessarily at the same funding levels as other online, non-food tech startups. Web and Mobile Apps to Help Us Find Our MealsĬonvenience is the name of the game, and a number of food-related web and mobile services - foodpreneurs, if you will - are making food / restaurant discovery easier. It’s likely been a problem from the dawn of human history: what’s for dinner? Many Americans now like to eat out or order in, leaving a lot of opportunity for “food discovery” web and mobile apps.
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