OpenTable

OpenTable, Inc.
Screenshot
Type of site
Subsidiary
FoundedJuly 2, 1998; 26 years ago (1998-07-02)
Headquarters,
United States
No. of locations10 (2016)[1]
Area servedWorldwide
Founder(s)
Key people
IndustryInternet
ServicesTable reservation
RevenueIncrease US$190.05M (2013)[2]
Operating incomeIncrease US$46.429M (2013)[2]
ProfitIncrease US$33.385M (2013)[2]
Total assetsIncrease US$310.971M (2013)[2]
Total equityIncrease US$230.262M (2013)[2]
Employees1450 (2019)[2]
ParentBooking Holdings
URLopentable.com
Current statusActive

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 55,000[5] restaurants in more than 80 countries as of 2024.[6] 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.[7] 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.[8]

  1. ^ "About Us". OpenTable. Retrieved October 6, 2016.
  2. ^ a b c d e f "OpenTable, Inc., Annual Report on Form 10-K". SEC. February 21, 2014.
  3. ^ "Meal reservations online better than holding phone". OpenTable.com. August 25, 1999.
  4. ^ Davis, Robin (August 18, 1999). "What's New: Snag a Table From Cyberspace". San Francisco Chronicle.
  5. ^ "OpenTable". OpenTable.com. Retrieved January 13, 2014.
  6. ^ As American Express Acquires Tock, Who’s Winning the Reservation Wars?
  7. ^ Leson, Nancy (August 17, 2005). "Risks and Rewards of Booking Your Table Online". The Seattle Times. Retrieved July 22, 2012.
  8. ^ "OpenTable". OpenTable.com. Retrieved February 16, 2022.