'Tablz' is a Toronto, Canada-based startup with a platform that offers restaurants a new, heightened revenue stream. The Tablz platform uses artificial intelligence and algorithms to determine the optimal pricing for each table in a restaurant during any given time. This can help restaurant owners sell premium tables during peak hours, while receiving adequate compensation for the table.
The Tablz algorithm prices tables anywhere between $5 and $100 CAD for premium seating, based on the hour of the day and the current number of customers in the restaurant. When viewing a table on Tablz, users can view a 3D walkthrough of the restaurant to verify the quality of the seating based on surrounding tables, window seating, views, and more.
The platform has already partnered with several restaurants in the city, with more being added frequently.
Image Credit: Tablz
What Makes This Trend Stand Out
- Artificial Intelligence-based Seating Platforms
- An opportunity for startups to develop AI-based seating platforms for restaurants to optimize their seating and sell premium tables.
- Dynamic Pricing Platforms
- An opportunity for startups to develop dynamic pricing platforms for various industries.
- Augmented Reality-assisted Reservation Platforms
- An opportunity for startups to develop augmented reality-assisted reservation platforms for customers to book premium seating based on surrounding tables, window seating, views, and more.
Sectors Adopting This
- Restaurant Industry
- An opportunity for the restaurant industry to partner with startups that offer AI-based seating platforms and dynamic pricing platforms to optimize their revenue streams.
- Hospitality Industry
- An opportunity for the hospitality industry to adopt AI-based seating platforms and dynamic pricing platforms to optimize revenue streams in hotels and resorts.
- Entertainment Industry
- An opportunity for the entertainment industry such as movie theaters and concert venues to adopt augmented reality-assisted reservation platforms to offer customers the ability to book premium seating based on views and location.
