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Press release content from Business Wire. The AP news staff was not involved in its creation.

Full Service Restaurant Transaction Volumes Climb Dramatically in Second Quarter

July 22, 2021 GMT

KIRKLAND, Wash.--(BUSINESS WIRE)--Jul 22, 2021--

TableSafe, Inc., a leading innovator of pay-at-the-table technology designed for the hospitality industry, today shared insight into customer payment transaction data indicating that the recovery of the full-service restaurant industry continued in the second quarter of 2021. TableSafe’s data, gathered from full-service restaurants across the United States, reveals that customer transaction volume increased 47% over the first quarter of 2021. Additionally, transaction revenue increased 55% from the first quarter of the year.

“Even though many states are still working towards being fully re-opened, our data illustrate that full-service restaurants are seeing a steady recovery,” said Gordon Gardiner, CEO of TableSafe. “We’re seeing restaurants making dramatic increases in both transaction revenue and volume, indicating a slow climb back to pre-pandemic levels.”

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TableSafe’s data align with a recent report from the National Restaurant Association stating that sales at eating and drinking places escalated in June, with total sales reaching $70.6 billion on a seasonally-adjusted basis - the highest level since February 2020.

“While the recovery is still a work in progress, these numbers are very encouraging for the industry,” Gardiner said. “Our customers are getting back on their feet, and we’re proud to be playing a role by helping them provide a superior dining experience that brings people back.”

TableSafe’s mobile table pay solution is used in full-service restaurants across the country including in 20 of the 30 most populous states, representing approximately 75% of the country’s population.

“The pent-up demand for socialization and the hospitality experience is clearly evident,” said Jeremy Watkins, Director of IT at The Brigantine, Inc. “Dining out is a big part of returning to pre-pandemic life, and we’re honored to provide guests with the experience that they so value - and have dearly missed. The payment process is an important part of that ultimate dining experience, making TableSafe a critical component to our overall operation.”

About TableSafe, Inc.

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TableSafe is transforming the way restaurants and other venues complete their hospitality service. With installations across the country, TableSafe provides a secure and innovative payment platform that enables guests to execute the payment process unassisted and at their convenience. TableSafe’s payment platform increases restaurant revenue and staff efficiency both in the front and back of the house. TableSafe’s technology also provides comprehensive analytics on customer behavior and restaurant operations. www.tablesafe.com

About The Brigantine, Inc.

Family-owned and operated since 1969, The Brigantine, Inc., currently operates 20 restaurants across 6 concepts throughout San Diego County, The Brigantine Seafood and Oyster Bar, Miguel’s Cocina, Ketch Brewing, Ketch Grill and Taps, Topsail, and Portside Coffee & Gelato.

View source version on businesswire.com:https://www.businesswire.com/news/home/20210722005633/en/

CONTACT: Media Contact:

Jeff Pecor

Tailwind Public Relations

206.948.1482

jeff@tailwindpr.com

KEYWORD: UNITED STATES NORTH AMERICA WASHINGTON

INDUSTRY KEYWORD: DATA MANAGEMENT OTHER RETAIL TECHNOLOGY PROFESSIONAL SERVICES FOOD/BEVERAGE OTHER TECHNOLOGY RETAIL OTHER PROFESSIONAL SERVICES MOBILE/WIRELESS RESTAURANT/BAR FINANCE

SOURCE: TableSafe, Inc.

Copyright Business Wire 2021.

PUB: 07/22/2021 09:08 AM/DISC: 07/22/2021 09:08 AM

http://www.businesswire.com/news/home/20210722005633/en