OpenTable Releases Restaurant Industry Index for Q1 2014
OpenTable, Inc. (NASDAQ: OPEN), the world's leading provider of online restaurant reservations, today released the OpenTable Restaurant Industry Index for the first quarter of 2014.
"Like many other businesses across the Midwest and East Coast, restaurants were hit by winter weather conditions during the first quarter," said Duncan Robertson, Chief Financial Officer of OpenTable. "As a result, overall North America industry diner counts were down two percent year-over-year with a couple of examples of major metropolitan areas impacted by weather such as Chicago and DC down approximately 8 percent and 7 percent, respectively."
OpenTable Restaurant Industry Index The OpenTable Restaurant Industry Index is based on data gathered from more than 10,000 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.
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.