See How Velocity is Helping Restaurants Drive Revenue
It’s harder than ever to run a restaurant in San Francisco; however, despite astronomical rents, building and food costs, and the high cost of labor, new investors continue to flood an already crowded market with more and more restaurants. So, how do restaurants stay competitive in today’s climate?
More than a thousand restaurants around the world are using Velocity, a last-minute booking platform for restaurants, to attract new customers and drive incremental revenue.
Velocity enables restaurants to market last-minute availability (today and tomorrow) to guests, avoid hidden credit card fees when processing payments, and power VIP services through House Accounts. Restaurants have complete control of their inventory with a click of a button and can promote openings due to no-shows and cancellations. The fully customizable platform was designed by hospitality veterans to remove friction from the booking and payments process.
On the payments side, Velocity offers simplified accounting with no chargebacks or hidden fees to save restaurants money. With a curated list of partners across seven cities (London, New York, Miami, San Francisco, Los Angeles, Montreal, and Toronto) – from michelin-starred classics to hot new openings – Velocity helps restaurants create unique and memorable events and experiences for their customers.
For guests, the app empowers them to discover hundreds of new top-tier restaurants, reserve a table, and settle the check instantly through the app. Velocity is currently seating 1,100 tables a week in London, and diners are spending 14% more than the average check size and tip on average 22%.