The online reservation systems market may be the new hottest ticket in town, with the news that American Express is buying into the fiercely competitive field. On May 15, the company announced publicly that it is acquiring Resy, a reservation booking and management platform. Leventhal is quoted on the release from AmEx as saying “American Express is a brand that we have admired and sought to partner with from our inception. Although Resy and American Express were already partners in some areas, Chris Cracchiolo, American Express’s senior vice president for global loyalty and benefits, told The New York Times that the decision to buy the reservation platform made sense. “American Express wants to be more central in our customers’ everyday lives,” Cracchiolo told The New York Times.

Source: Forbes May 16, 2019 01:41 UTC