
OpenTable is an online restaurant reservation service founded in 1998. It allows users to make reservations at restaurants in their area, as well as view menus, read reviews, and get directions.
OpenTable was acquired by The Priceline Group in 2014. The Priceline Group is a leading provider of online travel and related services, including airline tickets, hotel reservations, car rentals, and vacation packages.
OpenTable is a valuable tool for both restaurants and diners. It helps restaurants fill empty tables and increase revenue, and it helps diners find and book the perfect restaurant for their needs.
Who Owns OpenTable?
Table of Contents
- 1 Who Owns OpenTable?
- 1.1 Founder: OpenTable was founded by Chuck Templeton and Keith Ferrazzi.
- 1.2 Headquarters: OpenTable is headquartered in San Francisco, California.
- 1.3 Parent company: The Priceline Group.
- 1.4 Number of employees: Over 1,000.
- 1.5 Revenue: Over $1 billion.
- 1.6 Market share: OpenTable is the leading online restaurant reservation service in the United States.
- 1.7 Partnerships: OpenTable has partnerships with over 40,000 restaurants worldwide.
- 1.8 Awards: OpenTable has won numerous awards, including the Webby Award for Best Travel Site.
- 1.9 Mission statement: “To connect people with the perfect restaurant for every occasion.”
- 1.10 Values: OpenTable’s values include innovation, customer service, and integrity.
- 2 Frequently Asked Questions about OpenTable Ownership
- 3 Tips for Understanding “Who Owns OpenTable?”
- 4 Conclusion
OpenTable is an online restaurant reservation service founded in 1998. It allows users to make reservations at restaurants in their area, as well as view menus, read reviews, and get directions. OpenTable was acquired by The Priceline Group in 2014.
- Founder: OpenTable was founded by Chuck Templeton and Keith Ferrazzi.
- Headquarters: OpenTable is headquartered in San Francisco, California.
- Parent company: The Priceline Group.
- Number of employees: Over 1,000.
- Revenue: Over $1 billion.
- Market share: OpenTable is the leading online restaurant reservation service in the United States.
- Partnerships: OpenTable has partnerships with over 40,000 restaurants worldwide.
- Awards: OpenTable has won numerous awards, including the Webby Award for Best Travel Site.
- Mission statement: “To connect people with the perfect restaurant for every occasion.”
- Values: OpenTable’s values include innovation, customer service, and integrity.
OpenTable is a valuable tool for both restaurants and diners. It helps restaurants fill empty tables and increase revenue, and it helps diners find and book the perfect restaurant for their needs.
Founder: OpenTable was founded by Chuck Templeton and Keith Ferrazzi.
The founders of OpenTable, Chuck Templeton and Keith Ferrazzi, played a pivotal role in the company’s success. Templeton, a former software engineer, was responsible for developing the OpenTable platform. Ferrazzi, a former marketing executive, was responsible for growing the company’s customer base.
- Leadership and vision: Templeton and Ferrazzi provided the leadership and vision that was essential for OpenTable’s success. They believed in the potential of online restaurant reservations, and they were willing to invest the time and resources necessary to make their vision a reality.
- Innovation: Templeton and Ferrazzi were constantly innovating, and they were always looking for new ways to improve the OpenTable platform. They were the first to introduce many features that are now standard in the online restaurant reservation industry, such as the ability to book reservations in real time and the ability to read reviews from other diners.
- Customer service: Templeton and Ferrazzi were committed to providing excellent customer service. They wanted to make sure that both restaurants and diners had a positive experience using the OpenTable platform. They were always available to answer questions and resolve any problems that arose.
- Partnerships: Templeton and Ferrazzi forged partnerships with a number of key players in the restaurant industry, including major restaurant chains and online travel agencies. These partnerships helped to increase OpenTable’s reach and visibility.
The success of OpenTable is a testament to the leadership, vision, and innovation of its founders, Chuck Templeton and Keith Ferrazzi.
Headquarters: OpenTable is headquartered in San Francisco, California.
The location of OpenTable’s headquarters in San Francisco, California is significant because it is a major tech hub. San Francisco is home to many other successful tech companies, such as Google, Apple, and Facebook. This location gives OpenTable access to a large pool of talented engineers and other tech professionals.
- Access to talent: San Francisco is a major tech hub, which gives OpenTable access to a large pool of talented engineers and other tech professionals.
- Innovation: San Francisco is a hub for innovation, which helps OpenTable to stay ahead of the curve in terms of technology and new features.
- Networking: San Francisco is home to many other successful tech companies, which gives OpenTable opportunities to network and collaborate with other businesses.
- Culture: San Francisco has a vibrant tech culture, which helps OpenTable to attract and retain top talent.
Overall, the location of OpenTable’s headquarters in San Francisco, California is a major factor in its success. It gives the company access to talent, innovation, networking opportunities, and a vibrant tech culture.
Parent company: The Priceline Group.
The Priceline Group is a leading provider of online travel and related services, including airline tickets, hotel reservations, car rentals, and vacation packages. OpenTable is a subsidiary of The Priceline Group, which means that The Priceline Group owns OpenTable.
The acquisition of OpenTable by The Priceline Group was a major event in the online travel industry. It allowed The Priceline Group to expand its offerings into the restaurant reservation market. OpenTable has benefited from the resources and expertise of The Priceline Group, and it has continued to grow and expand since the acquisition.
The relationship between The Priceline Group and OpenTable is mutually beneficial. The Priceline Group provides OpenTable with the resources and expertise it needs to continue to grow and expand. OpenTable provides The Priceline Group with a leading position in the restaurant reservation market.
Number of employees: Over 1,000.
The fact that OpenTable has over 1,000 employees is a significant indicator of the company’s size and success. A large number of employees allows OpenTable to offer a wide range of services and features to its customers. For example, OpenTable has a team of dedicated customer service representatives who are available 24/7 to help users with any problems or questions they may have. OpenTable also has a team of engineers who are constantly working to improve the platform and develop new features.
The large number of employees also allows OpenTable to maintain a high level of quality control. Each reservation that is made through OpenTable is reviewed by a team of quality control specialists to ensure that it is accurate and complete. This helps to ensure that users have a positive experience using the platform.
Overall, the fact that OpenTable has over 1,000 employees is a testament to the company’s size, success, and commitment to providing a high level of service to its customers.
Revenue: Over $1 billion.
The fact that OpenTable has over $1 billion in revenue is a significant indicator of the company’s success. Revenue is the amount of money that a company generates from its operations. A high level of revenue indicates that OpenTable is a profitable company that is able to generate a significant amount of income. This income can be used to invest in new products and services, expand into new markets, and hire more employees.
The revenue that OpenTable generates is also important to its parent company, The Priceline Group. The Priceline Group relies on the revenue from its subsidiaries to fund its own operations and to generate a profit for its shareholders. OpenTable is a major contributor to The Priceline Group’s revenue, and its success is essential to the success of The Priceline Group as a whole.
The revenue that OpenTable generates is also important to the restaurant industry as a whole. OpenTable provides restaurants with a platform to reach new customers and to increase their revenue. Restaurants that use OpenTable are able to fill more tables and to generate more revenue. This helps to support the restaurant industry and to create jobs.
Overall, the fact that OpenTable has over $1 billion in revenue is a significant indicator of the company’s success and its importance to the restaurant industry and to The Priceline Group.
The fact that OpenTable is the leading online restaurant reservation service in the United States is significant for a number of reasons. First, it indicates that OpenTable has a strong brand presence and a large customer base. This is important for any company, but it is especially important for a company that operates in a competitive market such as the online restaurant reservation market.
- Brand recognition: OpenTable’s market share indicates that it has a strong brand presence and a large customer base. This is important because it gives OpenTable a competitive advantage over its rivals.
- Customer loyalty: OpenTable’s market share also indicates that it has a high level of customer loyalty. This is important because it means that OpenTable’s customers are likely to continue using its services in the future.
- Competitive advantage: OpenTable’s market share gives it a competitive advantage over its rivals. This is because OpenTable can use its market share to attract new customers and to negotiate favorable terms with restaurants.
- Growth potential: OpenTable’s market share also indicates that it has significant growth potential. This is because there is still a large market for online restaurant reservations in the United States.
Overall, the fact that OpenTable is the leading online restaurant reservation service in the United States is a significant indicator of the company’s success and its potential for continued growth.
Partnerships: OpenTable has partnerships with over 40,000 restaurants worldwide.
OpenTable’s partnerships with over 40,000 restaurants worldwide are a key component of the company’s success. These partnerships give OpenTable access to a large and diverse network of restaurants, which allows it to offer its users a wide range of dining options. The partnerships also help OpenTable to maintain a high level of quality control, as it only partners with restaurants that meet its standards for service and cuisine.
The importance of OpenTable’s partnerships is reflected in the fact that the company has been able to grow rapidly in recent years. In 2014, OpenTable was acquired by The Priceline Group for $2.6 billion. This acquisition gave OpenTable access to The Priceline Group’s global network of travel agents and customers, which has helped OpenTable to expand its reach even further.
OpenTable’s partnerships with restaurants are also important for the restaurant industry as a whole. OpenTable provides restaurants with a platform to reach new customers and to increase their revenue. Restaurants that use OpenTable are able to fill more tables and to generate more revenue. This helps to support the restaurant industry and to create jobs.
Overall, OpenTable’s partnerships with over 40,000 restaurants worldwide are a key component of the company’s success. These partnerships give OpenTable access to a large and diverse network of restaurants, which allows it to offer its users a wide range of dining options. The partnerships also help OpenTable to maintain a high level of quality control and to support the restaurant industry as a whole.
Awards: OpenTable has won numerous awards, including the Webby Award for Best Travel Site.
The numerous awards won by OpenTable, including the prestigious Webby Award for Best Travel Site, serve as a testament to the company’s excellence in the online restaurant reservation industry. These accolades not only recognize OpenTable’s user-friendly platform and comprehensive restaurant listings but also highlight the company’s commitment to providing exceptional customer service.
- Recognition of excellence: OpenTable’s awards are a reflection of the company’s commitment to providing a superior user experience. The Webby Award, in particular, is a highly respected accolade in the digital realm, recognizing the best websites and online services.
- Competitive advantage: Awards serve as a competitive advantage for OpenTable, distinguishing it from other online reservation platforms. The recognition and credibility associated with these awards can influence diners’ choices when selecting a reservation service.
- Marketing and branding: OpenTable’s awards provide valuable marketing and branding opportunities. The company can leverage these accolades to promote its services, build trust with potential customers, and enhance its overall brand image.
- Employee morale and motivation: Recognition and appreciation are essential for employee morale and motivation. OpenTable’s awards not only celebrate the company’s accomplishments but also serve as a source of pride and inspiration for its employees.
In conclusion, OpenTable’s numerous awards, including the Webby Award for Best Travel Site, are a testament to the company’s excellence in the online restaurant reservation industry. These accolades serve as a recognition of OpenTable’s commitment to user experience, provide a competitive advantage, enhance marketing and branding efforts, and contribute to employee morale and motivation.
Mission statement: “To connect people with the perfect restaurant for every occasion.”
OpenTable’s mission statement encapsulates the company’s core purpose and values. By understanding the rationale and implications of this statement, we can gain insights into the company’s goals, strategies, and overall approach to its business.
- Customer Focus: OpenTable’s mission statement places the customer at the heart of its operations. The company aims to connect people, its customers, with the perfect restaurant for every occasion. This customer-centric approach guides OpenTable’s decision-making and service offerings, ensuring that they align with the needs and preferences of diners.
- Personalized Experiences: The mission statement highlights OpenTable’s commitment to providing personalized experiences for its users. The platform allows diners to search for restaurants based on various criteria, such as cuisine, location, ambiance, and dietary restrictions. By empowering diners to find the perfect restaurant for their specific needs, OpenTable creates a seamless and enjoyable dining experience.
- Quality and Variety: OpenTable’s partnerships with over 40,000 restaurants worldwide provide diners with a diverse and high-quality selection of dining options. The company’s commitment to partnering with reputable restaurants ensures that diners have access to a wide range of cuisines, atmospheres, and price points. This variety and quality contribute to OpenTable’s ability to connect people with the perfect restaurant for every occasion.
- Technological Innovation: OpenTable’s mission statement reflects its commitment to technological innovation. The company’s easy-to-use platform, mobile app, and reservation management system make it convenient for diners to find, book, and manage their restaurant reservations. By leveraging technology to enhance the dining experience, OpenTable demonstrates its understanding of the evolving needs of modern diners.
In summary, OpenTable’s mission statement, “To connect people with the perfect restaurant for every occasion,” articulates the company’s customer-centric approach, commitment to personalized experiences, focus on quality and variety, and investment in technological innovation. These elements contribute to OpenTable’s success in providing a valuable service to diners and restaurateurs alike.
Values: OpenTable’s values include innovation, customer service, and integrity.
The connection between OpenTable’s values and its ownership structure is significant. The company’s values are deeply ingrained in its culture and operations, shaping how it interacts with customers, partners, and employees. These values play a crucial role in attracting and retaining talented individuals who are passionate about delivering exceptional dining experiences.
OpenTable’s commitment to innovation has been a driving force behind its success. The company has consistently invested in developing cutting-edge technologies that enhance the user experience and streamline the reservation process. This commitment to innovation has enabled OpenTable to stay ahead of the competition and maintain its position as a leader in the online restaurant reservation industry.
Customer service is another core value that has contributed to OpenTable’s success. The company places a strong emphasis on providing excellent customer support, ensuring that diners and restaurateurs have a positive and seamless experience when using its platform. OpenTable’s dedication to customer service has resulted in high levels of customer satisfaction and loyalty.
Integrity is a fundamental value that guides OpenTable’s operations. The company adheres to the highest ethical standards and conducts its business with honesty and transparency. This commitment to integrity has earned OpenTable the trust and respect of its customers, partners, and employees.
In conclusion, the values of innovation, customer service, and integrity are integral to OpenTable’s success and are closely intertwined with its ownership structure. These values shape the company’s culture, operations, and decision-making, contributing to its strong brand reputation and leadership position in the online restaurant reservation industry.
Frequently Asked Questions about OpenTable Ownership
This section addresses common questions and misconceptions surrounding the ownership of OpenTable, providing clear and informative answers to enhance understanding.
Question 1: Who currently owns OpenTable?
OpenTable is currently owned by The Priceline Group, a leading provider of online travel and related services.
Question 2: When was OpenTable acquired by The Priceline Group?
OpenTable was acquired by The Priceline Group in 2014.
Question 3: What are the benefits of OpenTable’s ownership by The Priceline Group?
The acquisition by The Priceline Group provides OpenTable with access to a global network of travel agents and customers, enabling it to expand its reach and enhance its service offerings.
Question 4: How has OpenTable’s ownership structure impacted its operations?
OpenTable’s ownership by The Priceline Group has allowed it to invest in technological innovation, expand its restaurant partnerships, and enhance its customer support, leading to improved user experiences and increased market share.
Question 5: What is the significance of OpenTable’s values in relation to its ownership structure?
OpenTable’s values of innovation, customer service, and integrity are closely aligned with its ownership structure, guiding the company’s operations and decision-making processes to ensure long-term success.
Question 6: How does OpenTable’s ownership structure contribute to its overall success?
OpenTable’s ownership by The Priceline Group provides it with financial stability, access to industry expertise, and a global platform, contributing to its position as a leader in the online restaurant reservation industry.
In summary, OpenTable’s ownership by The Priceline Group has been instrumental in shaping its operations, enhancing its service offerings, and contributing to its overall success.
Transition to the next article section: OpenTable’s Mission and Values
Tips for Understanding “Who Owns OpenTable?”
To enhance your understanding of OpenTable’s ownership structure, consider these informative tips:
Tip 1: Contextualize the Acquisition
Grasp the context surrounding OpenTable’s acquisition by The Priceline Group in 2014. This transaction marked a significant milestone in the company’s history and shaped its subsequent growth trajectory.
Tip 2: Explore the Benefits of Ownership
Examine the advantages OpenTable gained from becoming a subsidiary of The Priceline Group. These benefits may include access to global resources, expertise sharing, and enhanced market reach.
Tip 3: Analyze Operational Impact
Assess how OpenTable’s ownership structure has influenced its operations. Consider aspects such as investment in technology, expansion of restaurant partnerships, and improvements in customer support.
Tip 4: Relate Ownership to Values
Understand the alignment between OpenTable’s ownership structure and its core values, such as innovation, customer service, and integrity. This alignment guides the company’s decision-making and shapes its long-term strategy.
Tip 5: Evaluate Overall Impact on Success
Evaluate the cumulative impact of OpenTable’s ownership structure on its overall success. Consider factors such as financial stability, industry expertise, and global reach, and how these have contributed to the company’s position as a leader in the online restaurant reservation industry.
By applying these tips, you can develop a comprehensive understanding of “who owns OpenTable?” and its implications for the company’s operations and industry standing.
Summary: Understanding OpenTable’s ownership structure is crucial for comprehending the company’s growth, strategy, and position in the market. By considering the context of the acquisition, benefits gained, operational impact, alignment with values, and overall impact on success, you can gain valuable insights into this important aspect of OpenTable.
Conclusion
In conclusion, understanding the ownership structure of OpenTable provides valuable insights into the factors that have shaped its growth, strategy, and success. The acquisition by The Priceline Group in 2014 marked a significant milestone, providing OpenTable with access to global resources, expertise, and an expanded market reach.
The alignment between OpenTable’s ownership structure and its core values of innovation, customer service, and integrity has guided its decision-making and contributed to its position as a leader in the online restaurant reservation industry. The company’s commitment to technological advancements, strategic partnerships, and exceptional customer support has enabled it to continuously enhance the dining experience for both diners and restaurateurs.
As the online restaurant reservation landscape continues to evolve, OpenTable’s ownership structure will undoubtedly play a crucial role in shaping its future trajectory. By leveraging its strengths and adapting to industry trends, OpenTable is well-positioned to maintain its leadership position and continue to connect people with the perfect restaurant for every occasion.