OpenTable Releases Restaurant Industry Index for Q4 and Full Year 2012
SAN FRANCISCO, Feb. 21, 2013
SAN FRANCISCO, Feb. 21, 2013 /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
(Logo: http://photos.prnewswire.com/prnh/20110606/MM07085LOGO )
"As anticipated, Hurricane Sandy contributed to the decline in industry growth
during the fourth quarter," said Matt Roberts, Chief Executive Officer of
OpenTable. "Restaurants in the New York and Washington DC area were hit
particularly hard during the quarter, while growth in other major metro areas
and the U.S. overall was essentially flat year-over-year."
OpenTable Restaurant Industry Index
The OpenTable Restaurant Industry Index is based on data gathered from more
than 9,000 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
Geographic Region 2009 2010 2011 2012 4Q 2011 4Q 2012
North America -6.6% 2.3% 2.8% 0.6% 2.2% -0.6%
United States -6.6% 2.4% 3.0% 0.6% 2.3% -0.5%
Atlanta Metropolitan Area -8.5% 3.0% 0.2% 0.7% -1.2% -0.1%
Boston Metropolitan Area -2.7% 3.9% 1.5% 1.5% 1.7% 0.1%
Chicago Metropolitan Area -5.7% 1.4% 2.9% -0.1% 1.5% -1.1%
Denver Metropolitan Area -5.9% 3.2% 2.6% 0.4% 0.4% 0.9%
Metropolitan Los Angeles -9.7% 0.9% 2.9% 0.9% 0.7% 0.6%
Metropolitan New York -5.8% 4.3% 2.6% 0.3% 3.4% -3.9%
Philadelphia Metropolitan Area -7.4% -0.4% 0.8% 0.2% 1.2% -0.7%
San Francisco Bay Area -8.6% 1.7% 5.2% 1.5% 4.5% 0.1%
Washington D.C. Metropolitan Area -2.8% 3.0% 1.3% -1.8% 0.4% -2.8%
*Restaurants in the Index may change over time.
About OpenTable, Inc.
OpenTable is the world's leading provider of online restaurant reservations,
seating approximately 10 million diners per month via online bookings across
more than 27,000 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 400 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.
Contact: Tiffany Fox, OpenTable, email@example.com, +1-415-344-4275; or
Jennifer Spector, M Booth, JenniferS@mbooth.com, +1-212-539-3299
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