Which companies are fighting for restaurant reservations?

DoorDash, American Express (owner of Resy), and Uber (partnering with OpenTable) are actively competing in the restaurant reservation space.

What major acquisitions have occurred in the reservation market?

DoorDash acquired SevenRooms for $1.2 billion, and American Express purchased Tock for $400 million.

How are tech giants entering the reservation market?

Companies like DoorDash are acquiring reservation platforms, while others like UberEats are partnering with established services like OpenTable to integrate booking features.

Home / Business and Economy / Diners Beware: Reservation Apps Clash for Control

Diners Beware: Reservation Apps Clash for Control

25 Feb

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Summary

Major tech players are competing for restaurant reservations.
DoorDash acquired SevenRooms for $1.2 billion.
American Express bought Tock for $400 million.

Diners Beware: Reservation Apps Clash for Control

The ongoing competition for restaurant reservations is intensifying, with prominent technology companies aggressively seeking to dominate the market. This rivalry involves established reservation platforms, new entrants from the food delivery sector, and strategic partnerships with premium credit card companies.

Recent developments include DoorDash's $1.2 billion acquisition of SevenRooms in June, a platform specializing in direct bookings via restaurant websites. Several months prior, UberEats and OpenTable announced a collaboration to integrate reservation services into Uber's app. Furthermore, American Express solidified its position by acquiring Tock, an upscale restaurant reservation platform, for $400 million in 2024.

Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.