We are pleased to introduce the OpenTable Restaurant Industry Index, a quarterly barometer that tracks the state of the reservation-taking restaurant industry. The Index shows year-over-year growth of guests served in reservation-taking restaurants in North America and five major metropolitan markets, including Chicago, Los Angeles, New York, San Francisco, and Washington, D.C.
“We are launching the Index to serve as an industry benchmark for the restaurateur community and industry observers,” said Matt Roberts, OpenTable’s Chief Executive Officer. “We track the growth of the industry to obtain a macro-economic viewpoint based on the largest network of reservation-taking restaurants in North America. We’ve observed the impact on the industry during the turbulent economic environment of the financial crisis, and over the course of the last two years we’ve seen the industry experience a modest growth rate in the 2 to 3 percent range.”