American Express has announced plans to buy Resy, a digital restaurant reservation booking platform. The move is the latest by the financial issuer to expand beyond its traditional points loyalty program and provide its cardholders with value-added experiences, access, and services. The acquisition is expected to close over the summer, and follows similar deals by Amex to acquire airport lounge booking service LoungeBuddy and the Mezi travel assistance app.
"Resy was created to both connect people who love dining out with new, notable and hard-to-get-into restaurants across the globe, as well as help restaurants’ businesses grow and thrive," said Chris Cracchiolo, Senior Vice President, Global Loyalty and Benefits, American Express.
"Similarly, American Express has strong relationships with premium dining partners and restaurants across the globe, and provides our Card Members with access to incredible dining experiences through our exclusive benefits and programs," he continued. "We look forward to working with the Resy team to continue to grow the Resy digital platform, and develop new ways to further connect our Card Members and restaurant partners through unique access and experiences."