Reservations service for restaurants launches high-end Groupon channel
Today Groupon (http://www.groupon.com)
(NASDAQ: GRPN) announced Groupon Reserve, the premiere destination for
the finest things to eat, see, do and buy. Debuting on Reserve is
Savored.com's reservations engine that lets customers book tables at
some of the best restaurants in their city at discounts of up to 40
Groupon Reserve, the premiere destination for the finest things to eat, see, do and buy. Debuting on Reserve is Savored.com's reservations engine that lets customers book tables at some of the best restaurants in their city at discounts of up to 40 percent. (Photo: Business Wire)
In the future, Reserve will also feature premium deals and experiences
from top beauty, product, travel and entertainment brands, as well as
similar reservations capabilities for spas, salons and hotels.
"Groupon Reserve is an important step in our journey to become the
leading marketplace for online deals, where consumers can come to
Groupon and discover great businesses at unbeatable prices, " said
Groupon CEO Eric Lefkofsky. "As Groupon has evolved, we've seen growing
demand from our customers for upscale offers and exclusive experiences.
Reserve gives the most prestigious brands a new way to reach our large
and desirable audience."
The Reserve reservation platform gives customers a discount off their
entire check without requiring pre-payment or vouchers and provides
local businesses an important tool to drive traffic during slow periods
by utilizing flexible pricing.
"Whether it's because of a slow night or a last minute no-show, even the
best restaurants have empty tables," Lefkofsky said. "Reserve provides
these businesses with a yield management solution to bring customers
through their doors at the times they need them the most."
Reserve reservations are live in 10 markets: Atlanta, Boston, Chicago,
Denver, Los Angeles, Miami, New York City, Philadelphia, San Francisco
and Washington, D.C., with plans to expand to more cities in the United
States and in key international markets by the end of 2013.
Reserve currently offers discounted reservations to more than 600 of the
country's top restaurants, including Le Cirque in New York City, Chaya
Brasserie in Los Angeles and db Bistro Moderne in Miami.
Savored, acquired by Groupon in September 2012, pioneered the concept of
yield management in fine dining establishments. The Reserve reservations
team is led by Savored founder Ben McKean and based in Groupon's New
To view available Groupon Reserve deals and reservations, consumers can
visit the Reserve tab at the top the Groupon homepage. Businesses
interested in featuring their businesses on Reserve can visit https://www.grouponworks.com/merchant-solutions/groupon-reserve.
(NASDAQ: GRPN) is a global leader in local commerce, making it easy for
people around the world to search and discover great businesses at
unbeatable prices. Groupon is reinventing the traditional small
business world by providing merchants with a suite of products and
services, including customizable deals, payments
processing capabilities and point-of-sale
solutions to help them attract more customers and run their
operations more effectively. By leveraging the company's global
relationships and scale, Groupon offers consumers incredible deals on
the best stuff to eat, see, do, and buy in 48 countries. With Groupon,
shoppers discover the best a city has to offer with Groupon
Local, enjoy vacations with Groupon
Getaways, and find a curated selection of electronics, fashion, home
furnishings and more with Groupon
Goods. To subscribe to Groupon emails, visit www.Groupon.com.
To learn more about the company's merchant solutions and how to work
with Groupon, visit www.GrouponWorks.com.
Photos/Multimedia Gallery Available: http://www.businesswire.com/multimedia/home/20130701005644/en/
Nick Halliwell, 312-999-3806
News Provided by Acquire Media