Restaurant reservation systems are all the hype right now. Restaurants are turning to these advanced systems to assist them in better management and customer service. There are many reservation systems available in the market, and to make sure you are choosing the right one for your restaurant, we have undertaken an in-depth comparison of two well-known reservation systems - Tock & OpenTable, along with a few alternative options you might want to consider. With so many options available, it is important to understand which system suits your restaurant's needs and requirements best. There is no "one-size-fits-all" approach in choosing a reservation system, which one is best for you depends on your restaurant's unique position. So let's have a look at Tock and OpenTable. With two very different approaches, both reservation systems aim at assisting restaurants with their operations through guest and reservation management, table management, and more. Tock and OpenTable are reservation systems for restaurants with different features and pricing. Tock specializes in pre-paid reservations and custom menus, while OpenTable has a larger diner network. Tock charges a flat monthly fee, while OpenTable charges per-cover and setup fees. Consider your restaurant's needs, budget, and goals when choosing between the two. Both systems can improve guest experiences and increase revenue by optimizing reservation management. Tock, one of the more recent players, is a reservation system spearheaded by industry experts with the aim to reduce no-shows and provide restaurants with an all-in-one management solution Tock offers a reservation platform that operates around the idea of selling "tickets" for tables and events at high-end restaurants in order to reduce no-shows. For restaurants where an empty table means a potential loss, Tock offers a solution where each table is attached to a "ticket" or "deposit ticket" (a small deposit fee) that diners have to pay while making a reservation in order to reduce no-shows. As Tock's main pitch revolves around "selling tickets", it also places a large focus on customized experiences and bookable events at restaurants (think a wine tasting or a set menu experience at a high-end restaurant). Diners can purchase tickets for experiences and customize their preferences. Tock also claims that building a long-term relationship with customers is one of the most pivotal points for the success of such restaurants, and it enables restaurants to do so through various customer-centric features like integrated guest marketing, detailed guest profiles, and customer segmentation tools. However, due to Tock's hyper-specific features, it might not be a suitable option for every restaurant. Tock's approach and features are more targeted towards the higher end of the restaurant scale that regular fine-dining and casual restaurants might not have much use for. Being a newcomer, Tock's user network also does not rack up to its competitors like OpenTable, which claims to seat 31 million diners a month. Tock offers two products: a complete table management system and a stand-alone event-based system that restaurants can use to enlist their special events on the platform without investing in the table management system. Features of Tock's table management system Tock Table Management Tock's pricing system works with a flat monthly subscription fee plus a fee on prepaid reservations and comes in two packages. Tock does not charge any per-cover fee for bookings without prepayment Events-only Tock's events-only package does not have a subscription fee but includes a commission and fee per booking. One of the oldest players in the game, OpenTable boasts one of the largest networks of restaurants and diners across the world, with about 31 million diners seated every month via online reservations (as per their website). OpenTable, through its advanced table management system, aims at enabling restaurants better manage guests, reservations, and tables and uses its large diner network to help restaurants reach more customers. While Tock focuses more on ensuring tables are never left empty, OpenTable's main pitch revolves around helping restaurants reach as many customers as possible. With the extensive diner network it has managed to build in the last 30 years, OpenTable has positioned its platform as a marketing channel for restaurants to gain maximum exposure to potential customers. However, access to this marketing channel is not cheap. OpenTable charges a high per cover fee for bookings through it's platforms, apart from it's monthly subscription fee, which might not always fall under your budget There is also some fallback from restaurants toward OpenTable's "click arbitrage" technique, where they buy search ads for restaurant keywords that position OpenTable links at the top of search results. Simply put, when customers search for these restaurants outside the OpenTable network, OpenTable positions itself at the top of the search through paid ads, making organic customers, who would have booked directly through the restaurant, more likely to book through OpenTable.Restaurants claim that in a way, OpenTable is making them buy back their own customers. To add to that, OpenTable's almost 60,000 large restaurant network makes it hard for any individual restaurant to stand out in the crowd and gain the advantages of their large diner network. The introduction of sponsored ads where restaurants can buy top search positions on the platform just makes it harder for restaurants with regular marketing budgets to compete for diners against high-budget restaurants. Being one of the pioneers of the industry, OpenTable does offer a feature-rich table management software but seems to be falling behind as fresh new players take over the reservation and table management space. OpenTable offers its table management solutions through a single product which is available in three tiers based on your feature needs, starting off with a basic package that includes access to their diner network, but no table management features. OpenTable features OpenTable's pricing system includes a monthly subscription fee plus a per-cover charge. Cover charges range from $0.25-$1.5 based on the source of the booking, with widget bookings charged at $0.25 and bookings through the OpenTable network charged at $1-1.5. If you're an OpenTable customer, make sure you have linked your booking widget on your website and other social platforms and not the OpenTablereservation button to ensure you're charged $0.25 per cover. OpenTable's three pricing tiers are: Both Tock & OpenTable provide restaurants with reservations and table management solutions with their systems, however with two significantly different approaches. Let's see how they're different At the core, both systems aim at helping restaurants with better management and increasing revenue, but in two different ways. Tock focuses more on reducing no-shows for restaurants with high-value tables, while OpenTable focuses on using it's large diner network to provide customers with increased exposure to customers. Tock's "ticketing" approach for restaurant tables and events makes it more suitable for high-end fine dining restaurants as opposed to OpenTable which caters to a wider range of restaurants. Tock and OpenTable are both feature-rich systems that offer various guest management, shift management, and reporting features. Both systems also offer POS and in-app payment integrations for streamlined operations. Tock includes added features to support its event booking system like ticketed tours and booking add-ons. Tock also provides support for contactless dining, delivery and takeout, while OpenTable includes features to enable only takeout from restaurants. In terms of pricing, both systems fall on the higher end of the line. OpenTable's full stack system is priced at $449, and Tock's is priced at $199. Tock does not charge for covers, as opposed to OpenTable's $0.25-$1.5 cover charge. However, Tock also charges a commission on all pre-paid reservations. There are other alternatives you can consider, like Eat App. Eat App offers an advanced table management solution to meet every restaurant's needs. Eat App provides restaurants access to the largest global restaurant marketing network through partnerships like Reserve with Google, Facebook, Instagram, and more that enable bookings from these platforms. With its extensive online ordering suite, Eat App enables restaurants to take orders for contactless dining, take away, and delivery all in one place, through one platform instead of relying on different systems. Eat App's payment integration allows restaurants to set up deposits or payments for certain timings or events (similar to Tock's ticketing system) to help reduce no-shows without any extra charges. Customers who dine at your restaurant are your customers, no matter where they book from. Eat App enables you to own and control your own database and provides guest management and CRM tools like reviews, customer segmentation through tags, and advanced reports to help you provide excellent customer service. While both Tock & OpenTable offer POS integration, they require hours of manual work to enter reservation IDs into the POS. However, with Eat App's unique algorithm that allows automated ticket matching, your staff can save several hours and streamline operations Want to try out Eat App? You can easily get started yourself by signing up to a free 14-day trial without having to get in touch with the sales team which is the case with both Tock & OpenTable. There's no need to wait.Key Takeaways
Products
Pricing for Tock
Advantages of Tock
Disadvantages of Tock
Tock's "ticketing" approach attracts high-end restaurants, but these features are, more often than not, not suitable for casual fine-dining restaurants.
The plus package, although priced at a relatively reasonable $199, can rack up a hefty bill by the end of the month due to the 2% commission charge, and the commission-free plus package is priced at a whopping $699The OpenTable approach
Products
OpenTable pricing
Advantages of OpenTable
Disadvantages of OpenTable
Tock vs. OpenTable: What's the difference?
Difference of approaches
Feature Differences
Pricing Differences
Eat App - an alternative toTock and OpenTable
The Eat App approach
Reservations from beyond your website
Contactless, takeaway, and delivery in one place
Reduce no-shows
Maintain relationships with your customers
Advanced integrations for better performance
Get started anytime, anywhere
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FAQs
Why use tock for reservations? ›
How Tock stacks Up Against OpenTable. Tock goes beyond typical reservation technology to deliver unforgettable experiences in an easily navigable, all-in-one platform. Tock's customizable suite of tools that empowers your restaurant to optimize operations, diversify revenue streams, and increase profits.
What is the market share of Tock reservations? ›Tock has market share of 41.86% in restaurant-reservation-software market.
What is the difference between OpenTable and Resy? ›Resy offers varied pricing with three subscription tiers. Unfortunately, Resy doesn't offer a free trial version of their operating software, but demos are available through their sales team. Unlike OpenTable, Resy does not charge for online covers, making them a more attractive option for some.
Who owns Tock reservations? ›Tock is changing hands yet again: The reservations system founded by restaurateur Nick Kokonas in 2014 has been acquired by American Express for $400 million, the financial services company announced today. The platform was previously owned by Squarespace, which acquired it for the same amount in 2021.
Is tock a POS system? ›Effortless record-keeping and reporting
Tock's restaurant POS integrations continue to save you time and labor after service is over.
Currently, two types of reservations exist in India, i.e., Horizontal and Vertical reservations. The scheduled castes (SCs), scheduled tribes (STs), and other backward classes (OBCs) are the primary beneficiaries of the reservation policies under Indian law.
Why do restaurants do no reservations? ›A no-reservation policy eliminates no shows altogether because you no longer open yourself up to the possibility of guests not arriving for their reservations. You don't lose business and revenue from having to turn people away.
How many restaurants use Tock? ›7000+ Restaurants, bars, pop-ups, wineries, distilleries, and venues.
What kind of company is Tock? ›Tock is a comprehensive platform built to fundamentally change the way restaurants, bars, and wineries think about and run their business. This includes a robust reservation, takeout/delivery, guest, and table management system for businesses of all sizes across the globe.
Is Tock publicly traded? ›Tock is a Private company.
Does Resy charge a fee? ›
Does Resy charge additional fees for payment processing? Resy does not add any additional fees for payment processing. You will see a transaction fee from our third-party payment processor of 2.9% + $0.30 per transaction.
Why use Resy? ›Improved efficiency, saving money, easy automation, and more control are just a few of the reasons why restaurants love Resy.
How does a tock reservation deposit work? ›A nominal deposit of $5 can massively decrease no-shows to under 3% of bookings. Tock allows you to charge variable deposit prices based on seasonal demand, the day of the week, or for specific sections of the restaurant.
What does tock do? ›Tock's reservation platform works for all types of food & beverage hospitality-focused businesses, including restaurants, wineries, bars, pop-ups, breweries, distilleries, hotels, and more.
Are tock reservations refundable? ›After a reservation is cancelled, it can no longer be refunded from your Dashboard. If you need to refund a cancelled reservation, contact our Hospitality team for assistance at hospitality@tockhq.com.
Why should you use an online reservation system? ›One of the main benefits of online booking systems is that they allow you to accept reservations 24/7. This means that your customers can book your tours and activities anytime, anywhere, without you having to do a thing.