Mid-day Update

OpenTable facing competition from the Food Network

David Brancaccio Apr 16, 2012

Trying to book a last minute table at that trendy new restaurant downtown?

You can always call in and beg — or you can use OpenTable, the online reservation giant.

OpenTable boasts that it’s working with 50 percent of all full-service restaurants in the U.S.

Well, OpenTable is about to get some competition from the Food Network, in the form of their new site called CityEats. The reservation site is already operating in Washington and Philly, with plans to expand to San Francisco and New York in the near future.

Here to talk with us in today’s Mid-day Extra is Tom Forte of the Telsey Group. He says that while there is definitely space in the market for more reservation websites to thrive, OpenTable will most likley stay at the top of the pack.

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