Valentine's Day Restaurant Reservations Up: OpenTable

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    NEWSLETTERS

    If love is an indicator, the economy is on the upswing.

    San Francisco-based OpenTable reports that Valentine's Day restaurant reservations are up this year.

    The report is according to a survey the online restaurant reservation site conducted last month about how many people were expecting to eat out on the day of love.

    Last year only 63 percent of those surveyed by OpenTable said they were planning to celebrate Valentine's Day by eating at a restaurant.

    But this year 89 percent of those surveyed by OpenTable said they were planning to eat out.

    Does that mean the economy is improving or that there are more people in steady relationships?

    For OpenTable, who went public in May 2009 at $20 per share, things have been looking good these days. The company's stock has risen more than fourfold since going public.

    OpenTable makes money from the monthly fees that subscribing restaurants pay for its service. It also receives a fee for each meal reservation that ends with a diner paying a bill at the appointed restaurant.