Libro Leads the Way in Online Reservation Market with 56% Hypergrowth in Q3

MONTREAL--(BUSINESS WIRE)--Libro, an industry leader in online reservation management and diner engagement technologies, dominated the summer months and further positioned the company for a record-breaking fiscal year with 193 new locations and concluding the third quarter with 56% year-over-year growth.

The company’s ability to provide an affordable and easy-to-use online reservation system proved to be a winning differentiator to secure multiple Boston Pizza locations, the award-winning Chez Muffy, and numerous restaurant chains, including industry leaders La Cage Brasserie Sportive and 3 Brewers.

“This was a very busy and productive Q3 for Libro,” says Lorne Schwartz, President of Libro. “We had an unexpectedly higher number of restaurants switch to our solution because there is a value gap in the market that Libro can and will continue to fill. We plan to leverage our momentum and move carefully, but with purpose, into the rest of Canada.”

In Q3, Libro added just under 14,000,000 seated guests to its count, breaking its previous record in Q2 2022. “Without Libro, I couldn’t run my restaurant to its full potential,” said Spiros Markakis, owner of Casa Grecque in Beauport, Quebec. “Libro is more than a reservation tool. It’s a dashboard and planning tool that contributes to maximizing the guest experience, which is what Casa Grecque, Beauport, is known for.”

In addition to expanding the company’s footprint, Libro utilized the third quarter to further develop its partner ecosystem. Libro’s ongoing commitment to align itself with established industry experts such as Payfacto, RestoMontreal, Groupex Canada, and NiceJob has enabled the company to offer more value and support to its customers.

“More chains and franchises are choosing us over our competition because we provide very high value at an extremely reasonable and fixed monthly price," says Schwartz. "There are some really exciting extensions to our platform being released by Q1 2023 that will significantly help our clients to be more successful."

About Libro

Libro is one of North America's leading online reservation management solutions providing restaurants with an affordable, fully branded solution to fill tables, manage reservations, reduce no-shows, engage customers, and elevate the overall guest experience. The company’s Software-as-a-Service (SaaS) platform empowers restaurateurs to control the entire online reservation experience, retain all customer information, and eliminate pricey commission models that often come with third-party reservation sites. Headquartered in Montreal, the Libro reservation platform is utilized in over 2,500 locations across Canada, the United States, and Europe. For more information, visit www.librorez.com.