NEW YORK, June 20, 2011 /PRNewswire/ -- VillageVines, the web's leading service for accessing insider pricing at premier restaurants nationwide, announces today it's re-launching as Savored.com, expanding into ten U.S. markets, and introducing a completely new site focused on inspiring diners to indulge at exceptional restaurants.
Savored will double its national footprint with expansion to Atlanta, Boston, Denver, Miami and Philadelphia (the company already serves New York City, Chicago, San Francisco, Los Angeles and Washington D.C.).
Having launched less than a year ago, Savored has proven to be the only deal site able to work with the highest echelon of restaurants. Restaurants offering 30% off to Savored members include: Daniel Boulud, Jean-Louis, Peter Kelly's Xaviars, Capital Grille, China Grill, Aquavit, the Patina Group and over 500 other top-tier restaurants working exclusively with Savored. The company credits its success to the fact that they've tailored their product specifically to the needs of high-end restaurants, creating a yield management product through which restaurants can lower prices on tables that would otherwise go empty.
Members use Savored to book reservations with premier restaurants, paying $10 to receive 30% off their entire bill, including alcohol. The discount is applied automatically and discreetly at meal's end, allowing diners to avoid flashing coupons or mentioning discounts. Members also receive periodic tips on hot restaurants, as well as curated restaurant recommendations compiled by special guests such as Top Chef Judge Alan Sytsma and James Beard Award Nominee Josh Ozersky.
Currently on track to generate over $25 million of sales for their restaurant partners this year, in the last six months, Savored has increased reservations by 335%, boosted subscribers by 228% and grown from six to almost 50 full-time employees.
In December 2010, Savored sold an undisclosed amount of the company for $3,750,000 to Hearst Interactive Media and GrandBanks Capital, among other investors.
Savored is a members-only service offering insider pricing of 30% off all food and drink at leading restaurants in Atlanta, Boston, Chicago, Denver, Los Angeles, Miami, New York, Philadelphia, San Francisco and Washington, D.C. With Savored, members access a curated selection of restaurants, book reservations online and enjoy 30% discounts discreetly applied to their final bill. The company's mission is to help members enjoy unforgettable dining experiences. For more information, visit Savored.com