We are pleased to announce the release of the OpenTable Restaurant Industry Index for the second quarter of 2012. In addition to reporting on North America and five U.S. metropolitan markets, the Index, which shows year-over-year growth of guests served in reservation-taking restaurants, has been expanded to report on the U.S. market as a whole.
“In the second quarter, industry growth in the U.S. and North America was essentially flat year-over-year,” said Matt Roberts, Chief Executive Officer of OpenTable. “Although some markets like the San Francisco Bay Area and Los Angeles Metropolitan Area saw a very modest lift in growth, overall the industry did not enjoy the tailwind it experienced during the same quarter last 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.Continue Reading