OpenTable Net Worth is$150 M Sales
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Type: Public company
Traded As: OPEN
Foundation: 1998
Founder: Chuck Templeton (entrepreneur)
Location City: San Francisco, California
Location Country: United States
Industry: Hospitality
Products: Online table reservation
Aum:
Homepage: [http://www.opentable.com opentable.com]
Intl: Yes
OpenTable (NASDAQ: OPEN) is an American public company that offers online real-time restaurant-reservation service.
It was founded by Chuck Templeton in San Francisco, California, in 1998. Reservations are free to end users; the company charges restaurants monthly and per-reservation fees for their use of the system.
In 1999, the website began operations serving a limited selection of restaurants in San Francisco. It has since expanded to cover 25,000 restaurants in most U.S. states as well as in several major international cities. Reservations can be made online through its website at opentable.com.
The service allows users to search for restaurants and reservations based on parameters including times, dates, cuisine and price range. Users who have registered their email address with the system will then receive a confirmation email. Users can also receive OpenTable rewards points after dining (100 or 1,000); these points can be redeemed for discounts at member restaurants.
The company also has a mobile application available in Apple's App Store, Blackberry App World, Google Play, Windows Phone Marketplace and Palm App Catalog that allows users to find and book dinner reservations.
The service provides restaurant owners with a comprehensive reservation management. Subscribing restaurants use an Electronic Reservation Book (ERB) to replace existing paper reservation systems. It provides the ERB as an integrated software and hardware solution that computerizes restaurant host-stand operations. The ERB handles reservation management, table management, guest recognition and email marketing.
Features include:
Restaurants may also offer 1,000 OpenTable points to diners for reservations at non-peak hours. This acts as an incentive to web reservation users to fill out a restaurant during slow times, resulting in incremental revenue for the restaurant. Restaurants offering these incentives are displayed on the search results page when looking for a rese

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