Type of site | Subsidiary |
---|---|
Founded | July 2, 1998 |
Headquarters | , United States |
No. of locations | 10 (2016) [1] |
Area served | Worldwide |
Founder(s) |
|
Key people | |
Industry | Internet |
Services | Table reservation |
Revenue | US$190.05M (2013) [2] |
Operating income | US$46.429M (2013) [2] |
Profit | US$33.385M (2013) [2] |
Total assets | US$310.971M (2013) [2] |
Total equity | US$230.262M (2013) [2] |
Employees | 1450 (2019) [2] |
Parent | Booking Holdings |
URL | opentable |
Current status | Active |
OpenTable is an online restaurant-reservation service company founded by Sid Gorham, Eric Moe and Chuck Templeton [3] on July 2, 1998 and is based in San Francisco, California.
In 1998, operations began with a limited selection of restaurants in San Francisco. Restaurants used the company's back-end software to process the reservations made on the website, resulting in a real-time reservation system for both diners and restaurants. [4] The service has since expanded to cover more than 50,000 [5] restaurants in more than 80 countries. In June 2014, the company was acquired by Priceline Group for $2.6 billion.
Reservations are free to end users; the company charges restaurants flat monthly and per-reservation fees for their use of the system. [6] According to the company, it provides online reservations for more than 50,000 restaurants around the world and seats over 1 billion diners per year. [7]
OpenTable was founded by Chuck Templeton on July 2, 1998, and initially incorporated in California as easyeats.com, Inc. [8]
On May 21, 2009, the company held its initial public offering (IPO), on the NASDAQ stock exchange under the ticker symbol Nasdaq : OPEN. The underwriters of the IPO were Merrill Lynch, Allen & Company, Stifel Nicolaus, and ThinkEquity. [9]
On October 1, 2010, the company acquired Toptable, a restaurant reservation site in the UK. [10]
On January 29, 2013, the company announced that it had entered a definitive agreement to acquire Foodspotting. [11]
On June 13, 2014, the company agreed to a takeover offer by the Priceline Group of $103 a share, a 46% premium on the previous day's closing stock price. The offer valued the company at $2.6 billion. Both companies said OpenTable would continue to operate as a separate business under the same management. [12]
In August 2020, OpenTable named Debby Soo as its new CEO. [13]
Users search for restaurants and reservations based on such parameters as dates, times, cuisine, and price range. Users who have registered their email address with the system will then receive a confirmation email. [14] Users can also receive 100 or 1,000 points after dining that can be redeemed for discounts at member restaurants. [15]
The company also has a mobile application that allows users to find and book dinner reservations. [16] [17]
In April 2024, the company announced a policy change under which anonymous reviews will no longer be allowed beginning May 22. All reviews will display the user's display photo and first name at a minimum, and all existing reviews will be retroactively deanonymized to meet this standard. [18] After receiving significant pushback, OpenTable quickly announced that it would not apply the new policy retroactively, leaving previous reviews anonymous. The start of the new policy was also pushed back to later in the year. [19]
Restaurant owners use an Electronic Reservation Book which computerizes restaurant host-stand operations and replaces existing paper reservation systems. The system handles reservation management, table management, guest recognition, and email marketing. [20]
Orbitz.com is a travel fare aggregator website and travel metasearch engine. The website is owned by Orbitz Worldwide, Inc., a subsidiary of Expedia Group. It is headquartered in the Citigroup Center, Chicago, Illinois.
LinkedIn is a business and employment-focused social media platform that works through websites and mobile apps. It was launched on May 5, 2003 by Reid Hoffman and Eric Ly. Since December 2016, LinkedIn has been a wholly owned subsidiary of Microsoft. The platform is primarily used for professional networking and career development, and allows jobseekers to post their CVs and employers to post jobs. From 2015, most of the company's revenue came from selling access to information about its members to recruiters and sales professionals. LinkedIn has more than 1 billion registered members from over 200 countries and territories.
Chuck Templeton is an American Internet entrepreneur, best known as the founder and former CEO of OpenTable, which went public in May 2009 and was acquired by The Priceline Group in June 2014. He is currently a Managing Director of S2G Ventures, an investment fund focused on healthy food and sustainable agriculture, Investment Committee Member at Impact Engine, a Chicago-based social and environmental impact investment fund, and serves on the boards of several other Internet start-ups.
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A table reservation is an arrangement made in advance to have a table available at a restaurant. While most restaurants in the vast majority of the world do not require a reservation, and some do not have a policy or simply any channel for making one, so-called higher-end restaurants mainly in overcrowded cities often require a reservation, and some may have tables booked for weeks in advance. At particularly exclusive venues, it may be impossible to make a reservation on the same day as the planned visit.
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Booking Holdings Inc. is an American travel technology company incorporated under Delaware General Corporation Law and based in Norwalk, Connecticut, that owns and operates several travel fare aggregators and travel fare metasearch engines including namesake and flagship Booking.com, Priceline.com, Agoda.com, Kayak.com, Cheapflights, Rentalcars.com, Momondo, and OpenTable. It operates websites in about 40 languages and 200 countries.
Founded in 2006, Bookatable is an online restaurant reservation service headquartered in London, United Kingdom.
Chope is a real-time restaurant-reservation booking platform that connects diners with its partner restaurants. The name “Chope” was inspired by the term chope spoken colloquially in Singapore. Chope charges restaurants fixed and per-diner fees for the use of its table booking system.
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