Wednesday, February 8, 2012

More OPEN


Nice to see that RVA is finally catching up on the incorporation of online reservations for dining (OpenTable). Participation up to around 50 since April (with several notable adoptions). Given that this is not an inexpensive proposition for the business, I do hope its working out (viz. economics + usage from patrons, the so called "incremental customer" who would not have visited otherwise). Some possible downsides. As a consumer, obviously its easy for me to want the convenience but I understand it isnt so straightforward.

One amusing mathematical conundrum is how many restaurants calculate themselves to be in the $$ range (is it possible with entrees hovering around $25 on average at most??). The Price reflects the estimated price of dinner for one with one drink and tip ($$ = $30 and under, $$$ = $31 to $50, $$$$ = $50 and over)

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