SAN FRANCISCO, Feb. 19,
2014 /PRNewswire/ -- OpenTable, Inc. (NASDAQ: OPEN), the
world's leading provider of online restaurant reservations, today
released the OpenTable Restaurant Industry Index for the fourth
quarter and full year 2013.
(Logo:
http://photos.prnewswire.com/prnh/20110606/MM07085LOGO )
"Spurred by healthy economic growth and an unseasonally mild
winter, the San Francisco Bay Area
reservation-taking restaurant industry experienced a solid lift in
the fourth quarter," said Duncan
Robertson, Chief Financial Officer of
OpenTable. "The U.S. overall and most major metropolitan
areas that we track experienced a modest lift with the exception of
Chicago, which declined by three
percent, and Atlanta, Boston and Washington D.C., which were essentially
flat. The New York
metropolitan area benefited from an easier comparable quarter by
lapping Superstorm Sandy, which hit during the fourth quarter of
2012."
OpenTable Restaurant Industry Index
The OpenTable
Restaurant Industry Index is based on data gathered from more than
10,000 reservation-taking restaurants* sampled from the OpenTable
network in the U.S., Canada and
Mexico. Each percentage indicates a year-over-year increase
or decrease in the number of guests served in these
reservation-taking restaurants, as recorded by the restaurants in
their reservation books. Those guests include those who honored
reservations made by phone or online as well as those who walked in
without a reservation.
To view and download the Index data dating back to 2008, visit
http://index.opentable.com
Geographic
Region
|
2009
|
2010
|
2011
|
2012
|
2013
|
4Q
2012
|
4Q
2013
|
North
America
|
-6.6%
|
2.3%
|
2.8%
|
0.6%
|
0.0%
|
-0.6%
|
1.2%
|
United
States
|
-6.6%
|
2.4%
|
3.0%
|
0.6%
|
0.1%
|
-0.5%
|
1.3%
|
Atlanta
Metropolitan Area
|
-8.5%
|
3.0%
|
0.2%
|
0.7%
|
-1.1%
|
-0.1%
|
0.0%
|
Boston
Metropolitan Area
|
-2.7%
|
3.9%
|
1.5%
|
1.5%
|
-0.9%
|
0.1%
|
-0.5%
|
Chicago
Metropolitan Area
|
-5.7%
|
1.4%
|
2.9%
|
-0.1%
|
-3.0%
|
-1.1%
|
-3.3%
|
Denver
Metropolitan Area
|
-5.9%
|
3.2%
|
2.6%
|
0.4%
|
1.0%
|
0.9%
|
1.9%
|
Metropolitan Los
Angeles
|
-9.7%
|
0.9%
|
2.9%
|
0.9%
|
0.9%
|
0.6%
|
2.7%
|
Metropolitan New
York
|
-5.8%
|
4.3%
|
2.6%
|
0.3%
|
0.2%
|
-3.9%
|
3.1%
|
Philadelphia
Metropolitan Area
|
-7.4%
|
-0.4%
|
0.8%
|
0.2%
|
0.3%
|
-0.7%
|
1.3%
|
San Francisco Bay
Area
|
-8.6%
|
1.7%
|
5.2%
|
1.5%
|
3.5%
|
0.1%
|
6.1%
|
Washington D.C.
Metropolitan Area
|
-2.8%
|
3.0%
|
1.3%
|
-1.8%
|
-0.5%
|
-2.8%
|
-0.2%
|
*Restaurants in the Index may change over time.
About OpenTable, Inc.
OpenTable is the world's
leading provider of online restaurant reservations, seating more
than 14 million diners per month via online bookings across more
than 31,000 restaurants. The OpenTable network connects restaurants
and diners, helping diners discover and book the perfect table and
helping restaurants deliver personalized hospitality to keep guests
coming back. The OpenTable service enables diners to see which
restaurants have available tables, select a restaurant based on
verified diner reviews, menus and other helpful information, and
easily book a reservation. In addition to the Company's website and
mobile apps, OpenTable powers online reservations for nearly 600
partners, including many of the Internet's most popular global and
local brands. For restaurants, the OpenTable hospitality solutions
enable them to manage their reservation book, streamline their
operations and enhance their service levels. Since its inception in
1998, OpenTable has seated more than 575 million diners around the
world. The Company is headquartered in San Francisco, California, and the OpenTable
service is available throughout the
United States, as well as in Canada, Germany, Japan, Mexico
and the UK. OpenTable also owns and operates toptable, the leading
consumer destination site for restaurant reservations in the
UK.
OpenTable, OpenTable.com, OpenTable logos,
toptable and other service names are the trademarks of OpenTable,
Inc. and/or its affiliates
SOURCE OpenTable, Inc.