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Quandoo Reports 22 Million Seated Diners in More Than 13,500 Restaurants Establishing Itself as Market Leader in Seven Countries

Quandoo takes the number one spot in Singapore since entering the market in 2014 with over 720 restaurant partners, 1.5 million seated diners in the last 12 months and over 1,400 verified reviews from Singapore diners each month
Quandoo
2016-04-13 16:22 11014

SINGAPORE, April 13, 2016 /PRNewswire/ -- Quandoo, the fastest growing online restaurant reservation service globally, has announced that it now holds the number one position in Singapore and Hong Kong, a continued upward trend following its dominate position in Europe. Releasing its figures this month, Quandoo is celebrating a successful first year since its acquisition by Japan-based Recruit Holdings.

In Singapore, the online restaurant reservation company has firmly established itself as the market leader. It attained market leadership in terms of connected partner restaurants in Singapore within one year of launching the Quandoo platform, going up against competition that has been operating in the market for five years. Since its launch in 2014, it has partnered with over 720 restaurants and has seated over 1.51 million diners, with 53% of Quandoo users making repeat reservations.

Globally, it has seen a similar robust trend, growing its partner restaurant base by 117% from 6,200 restaurants to 13,500 restaurants and has more than 22 million seated diners (+266%) globally. With +13.500 restaurants within three years of launching its services, Quandoo's restaurant growth has been far ahead of the respective market competitors.

Philipp Magin, founder and CEO of Quandoo, said, "Our ambition remains the same: to be the driving force in the digitalizing of the restaurant reservation space. The changes that we have undergone in the last year have allowed us to transform our company towards maintaining this objective in a more and more competitive market environment. While the cultural and strategic shift has not been easy to achieve, we are now better equipped than ever before in becoming the leading provider for restaurant reservations globally."

Konrad Richter, Quandoo Singapore Managing Director, said, "Singapore is a melting pot of different cultures with great diversity of cuisines. In Asia, it offers one of the most sophisticated and world-class dining scenes. Competition is fierce and Quandoo identified an opportunity to help businesses use this incredible platform to grow their business and stay ahead of the curve. We have been relentless in our efforts since day one and are proud of our position as market leaders -- having gone against competition that have been in the market for up to five years."

Next to launching Hong Kong and the United Arab Emirates, Quandoo's efforts in penetrating the Australian market have been particularly successful. Within eight months 1,250 restaurants have been acquired in Australia, amounting to half the restaurant base of Quandoo's key competitor.

KPIs

February 2015

February 2016

Growth

# restaurants

~ 6.200

~ 13.500

+117%

# seated diners

~ 6.000.000

~ 22.000.000

+266%

# reviews

~ 40.000

~ 145.000

+262%

# employees

~ 270

~ 350

+30%

# countries

13

16

+23%

# market leader

4

7

+75%

Quandoo has further established several strategic partnerships within the last year, partnering for example with Foursquare in Turkey and Italy in an attempt to offer a seamless journey to users of the Foursquare App looking to make a reservation with a restaurant of their choosing. Quandoo has also made significant progress in further extending its technology platform to support the global footprint of operations. Beside the visual redesign of all customer applications the underlying platform was adopted to support the projected growth in all regions.

Strategically and managerially Quandoo has gone through a significant evolution since the acquisition. Focus of this development was strengthening the company's management team by senior managers with extensive experience in building international organizations in comparable business models, increasing employee retention as well as building strong and value-adding relationships with its alumni employees.

For the coming three years Quandoo aims to further grow its customer base and customer engagement with the different Quandoo services. In addition, the company explores further growth dimensions geographically as well as in enhancing its portfolio of services offered to both users and restaurateurs.

About Quandoo

Founded at the end of 2012, Quandoo has developed into the fastest growing restaurant reservation platform globally. With more than 24 million seated diners in over 14,500 restaurants across 16 countries Quandoo offers diners an unmatched choice of dining experiences from Michelin-starred restaurants to local favorites. Restaurateurs are equipped with an industry-leading reservation management system that supports them in driving utilization and engaging with their customers through the Quandoo platform. Quandoo was founded by Philipp Magin, Ronny Lange, Sebastian Moser, Tim-Hendrik Meyer and Daniel P. Glasner and acquired by Recruit Holdings in March 2015. Quandoo now employs over 350 people across 20 offices.

PRESS CONTACT

Atiqah Ali
PR Bespoke
DID: +65 6805 4035
E: atiqah@PRBespoke.com   

Logo - http://photos.prnasia.com/prnh/20160413/8521602371LOGO 

Source: Quandoo
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