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American Express enters into the order game with resy Acquisition




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The online reservation system market may be the new hottest ticket in the city, with the news that American Express buys into the fiercely competitive field.

May 15 , the company publicly announced that it is obtaining Resy, a reservation booking and management platform, followers of the reservation game may remember that Resy bought the competitor Reserve in November 201

8, ramping up his presence in the face of competition from established players such as OpenTable,

AmEx has a lot on his record with his latest acquisition of Resy Photographer: Andrew Harrer / Bloomberg Photo Credit: 2017 Bloomberg Finance LP

2017 Bloomberg Finance LP

According to one release from AmEx and Resy who announced the acquisition, Resy has 4,000 restaurants in 154 cities across the United States, placing more than 2.6 million dinners each week, even though he was not providing by AmEx, Resy is valued at $ 53 million and includes investors like AirBnB and Union Square Hospitality Group according to Eater (one of Eater's co-founders is Ben Leventhal – who also co-founded Resy). Leventhal is quoted on the release of AmEx as saying "American Express is a brand we have admired and sought to work with from the beginning. There are countless synergies between Resy and American Express, which we look forward to pursuing in the name of creating A global dining platform that spans both restaurants and restaurants. "According to the release, after the acquisition, Resy will continue to be led and operated by co-founder CEO Leventhal, along with Resy co-founder and CTO Michael Montero.

Although Resy and American Express were already partners in some areas, Chris Cracchiolo, US Express Loyalty and Benefit Express Director, told The New York Times that the decision to purchase the reservation platform was sensible. "American Express wants to be more central to our customers' lives," Cracchiolo told The New York Times.

Credit cards such as AmEx, Visa Infinite and others have already made relocations to the reservation room through their concierge services, especially at the upper levels. "AmEx is eager to hold onto its card members in a market where it is now competing directly with Chase's Safir Reserve and Citi's Prestige Cards. One way is to strengthen access to the restaurants where card members want to eat. writes Ken Sweet in an Associated Press story .As a luxury diner, chasing exclusive meals as eagerly as other consumables such as fashion, it needs a credit card company to offer this entire lifestyle approach to its customers discretionary expenses.

As reservations become a commodity through prepaid ticket systems In restaurants such as Alinea (which uses Tock, founded by Paragraph co-owner Nick Kokonas), the very nature of difficult orders changes even though one might argue that this system is more democratic (to some extent ), with the restaurant host as the gatekeeper removed from the equation, one can also say that these changes actually add more levels of exclusivity to to have the income level on the right credit card and upper levels. Who knows what the process will be to get a reservation five or ten years from now? Until the dust decides, it may be wise to reserve them.

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The market for online reservation systems may be the new hottest ticket in the city, with the news that American Express buys into the fiercely competitive field. [19659002] May 15, the company announced publicly that it is to obtain Resy , a reservation booking and management platform. Followers of the reservation game may recall that Resy bought the competitor Reserve in November 2018, ramp up his presence in the face of competition from established players such as OpenTable,

AmEx has a lot on the record with his latest acquisition of Resy. Photographer: Andrew Harrer / Bloomberg. Photo Credit: © 2017 Bloomberg Finance LP

© 2017 Bloomberg Finance LP

According to a release from AmEx and Resy announcing the acquisition, Resy has 4,000 restaurants in 154 cities across the United States, placing more than 2.6 million guests weekly . Although the sales amount was disclosed by AmEx, Resy is set at $ 53 million and includes investors such as AirBnB and Union Square Hospitality Group under Eater (one of Eater's co-founders is Ben Leventhal – who also co-founded Resy). Leventhal is quoted on the release of AmEx as saying "American Express is a brand we have admired and sought to work with from the beginning. There are countless synergies between Resy and American Express, which we look forward to pursuing in the name of creating A global dining platform that spans both restaurants and restaurants. "According to the release, after the acquisition, Resy will continue to be led and run by co-founder CEO Leventhal, along with Resy co-founder and CTO Michael Montero.

Although Resy and American Express were already partners in some areas, Chris Cracchiolo, US Express Director of Global Loyalty and Benefits, The New York Times said the decision to purchase the reservation platform was sensible. "American Express wants to be more central to our customers' lives," Cracchiolo told The New York Times.

Credit cards such as AmEx, Visa Infinite and others have already made relocations to the reservation room through their concierge services, especially at the upper levels. "AmEx is eager to hold onto its card members in a market where it is now competing directly with Chase's Safir Reserve and Citi's Prestige Cards. One way is to strengthen access to the restaurants where card members want to eat. Ken Sweet writes in an Associated Press story, as luxury dancers continue to chase exclusive meals as eagerly as other consumables like fashion, it needs a credit card company to offer this entire lifestyle approach to its customers discretionary expenses.

As reservations, they become a merchandise through prepaid ticket systems in restaurants such as Alinea (who uses Tock, founded by Aline co-owner Nick Kokonas), the very content of difficult orders changing. Although one can argue that this system is more democratic (to some extent), with the restaurant host as the gatekeeper removed from the equation, one can also say that these changes actually add more levels of exclusivity by having the right credit card and upper income level levels. Who knows what the process will be to get a reservation five or ten years from now? Until the dust settles, it may be wise to reserve them.


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