Home / Business and Economy / Diners Beware: Reservation Apps Clash for Control
Diners Beware: Reservation Apps Clash for Control
25 Feb
Summary
- Major tech players are competing for restaurant reservations.
- DoorDash acquired SevenRooms for $1.2 billion.
- American Express bought Tock for $400 million.
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.
