American Express is acquiring restaurant reservation platform, Resy.
The acquisition will build upon a growing suite of digital-focused benefits from American Express. These will extend beyond traditional reward points usually offered by Amex.
Go deeper with GlobalData
Card members will have access to experiences across travel, lodging, airports and dining.
Resy offers a table management, CRM and booking technology suite for restaurants. In addition, the solution comes with a restaurant reservation app and website to enhance dining experiences worldwide.
Founded in 2014, Resy works with around 4,000 restaurants across 154 US cities and 10 countries.
Overall, the platform seats more than 2.6 million diners a week. Looking ahead, the acquisition will finish around summer 2019.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataThis is the recent of many American Express acquisitions in the dining, travel and lifestyle space.
Furthermore, American Express aims to become an even more important part of its members digital experiences.
Senior Vice President, Global Loyalty and Benefits, American Express, Chris Cracchiolo, commented: “Resy was created to both connect people who love dining out with new, notable and hard to get into restaurants across the globe, as well as help restaurants’ businesses grow and thrive. Similarly, American Express has strong relationships with premium dining partners and restaurants across the globe. It provides Card Members with access to incredible dining experiences through our exclusive benefits and programmes.
“We look forward to working with the Resy team to continue to grow the Resy digital platform, and develop new ways to further connect our Card Members and restaurant partners through unique access and experiences.”
American Express acquisition
Resy is mainly focused in the US market but does has locations across the UK, Europe and Canada.
It’s platform offers restaurants reservation management solutions at affordable pricing. Furthermore it aims to help restaurants optimise tables and increase revenue.
The American Express acquisition of Resy will enable it to enhance the booking experience for customers.
Resy’s co-founder and CEO, Ben Leventhal, noted:
“American Express is a brand that we have admired and sought to partner with from our inception. There are myriad points of synergy between Resy and American Express that we look forward to pursuing together in the name of creating an end-to-end global dining platform that thrills both diners and restaurants alike.
“As it does today, Resy will continue to focus on delivering world-class hospitality software to our amazing restaurant partners, connecting diners to insider experiences, and reimagining the future of dining.”
