OpenTable Lures Restaurants with Incentives, Challenging Resy

The battle for restaurant reservations is intensifying as OpenTable makes a bold move to attract high-demand establishments. Backed by Visa, the platform is reportedly offering substantial financial incentives to restaurants willing to leave Resy, its main competitor. This aggressive strategy aims to solidify OpenTable's position as the leading online reservation service.

Restaurants are being presented with lucrative deals, including upfront payments and reduced commission fees. This enticement is proving effective, with several prominent restaurants already making the switch. The transition to OpenTable allows restaurants to leverage its established user base and marketing capabilities.

Resy, owned by American Express, is facing increased pressure to retain its existing partners and attract new ones. The competition between the two platforms is likely to benefit both restaurants and diners, potentially leading to improved services and more competitive pricing. The future of online restaurant reservations hinges on this ongoing rivalry, as each platform strives to offer the most compelling value proposition.