OpenTable and inline Enter into a Strategic Partnership
OpenTable, a subsidiary of Booking Holdings (NASDAQ: BKNG), has announced a strategic partnership with inline Group Ltd to enhance restaurant reservations in East Asia.
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Rhea-AI Summary
OpenTable, a subsidiary of Booking Holdings (NASDAQ: BKNG), has announced a strategic partnership with inline Group Ltd to enhance restaurant reservations in East Asia. OpenTable diners will soon book reservations and order food at popular local restaurants powered by inline's systems. The partnership also includes a strategic financial investment from OpenTable into inline, aiming to expand OpenTable's presence in the Asia-Pacific region. Inline has established a leadership position in select Asian markets, serving over 200 million diners.
Positive
- Strategic partnership with inline Group Ltd to enhance restaurant reservations in East Asia.
- OpenTable's financial investment in inline strengthens its market position.
- Access to a broader dining network in the Asia-Pacific region.
Negative
- None.
Details
News Market Reaction – BKNG
The recorded move for BKNG in the trading session of this news was -2.45%.
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SAN FRANCISCO, June 22, 2022 /PRNewswire/ -- OpenTable, a leading provider of online restaurant reservations and part of Booking Holdings Inc, NASDAQ: BKNG), and the inline group Ltd (inline), announced today that the two parties have entered into a strategic partnership. inline is a leading software provider for online reservations, table management system and other productivity tools for restaurants in East Asia.
OpenTable diners will soon have the ability to book reservations and order food at some of the most popular restaurants in the region, powered by inline, and inline restaurant customers will gain access to OpenTable's expansive global dining network. OpenTable, via its parent company Booking Holdings, has also made a strategic financial investment in inline, as part of its continued advancement in the tech and restaurant space.
"inline has quickly built a leadership position in select markets in Asia and is growing throughout the region," said Debby Soo, CEO of OpenTable. "We're delighted to partner with them as we expand OpenTable's presence in the Asia-Pacific region."
Doris Yu, founder and Co-CEO of inline said, "Working with OpenTable is a wonderful opportunity to help restaurants across the Asia-Pacific region. We've helped restaurant operators serve and maintain relationships with over 200 million diners, and this partnership and vote of confidence will allow us to achieve our goal of serving the busiest and best restaurants from Tokyo to Melbourne."
OpenTable, part of Booking Holdings Inc. (NASDAQ: BKNG), powers reservations for the hospitality industry. OpenTable's software seats more than 1 billion people per year and helps more than 50,000 restaurants, bars, wineries and other venues attract guests, manage capacity, improve operations and maximize revenue.
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SOURCE OpenTable, Inc.
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