Urbanspoon Competing With OpenTable By Accepting Reservations

Posted Aug 10, 2009

IAC/InterActiveCorp (NASDAQ:IAC) subsidiary Urbanspoon has a huge userbase on the web and on the iPhone.  As a matter of fact, about one million people “shake” the iPhone application per day.

Now Urbanspoon is setting up a reservation system with a pilot of 4 restaurants in Seattle.  The reservation system competes directly with OpenTable, a service that has a reservation system that filed for an IPO this past Janaury.  Eventually Urbanspoon will be opening up to additional restaurants.

OpenTable pays $300 per month to rent a terminal for reservations.  Urbanspoon and OpenTable pay about $1 for every reservation made through the systems.

[via RWW]