Who are yelps biggest competitors?

Yelp competitors include Tripadvisor, Foursquare, Yahoo, Yodle and OpenTable. Yelp ranks 1st in CEO Score on Comparably vs its competitors.

What percentage of people write online reviews?

About 5\%–10\% of consumers write reviews, influencing around $400 billion of the total e-commerce sales revenue. 84\% of people trust online reviews as much as they trust recommendations from friends. 82\% of shoppers specifically seek negative reviews.

How many customers use reviews?

59 percent of consumers use it to read reviews. 54.7 percent of consumers read at least four reviews before buying a product. Almost half of all internet users say they post online reviews at least once a month. More than half of customers expect businesses to respond to their negative reviews within a week.

What percent of people actually leave reviews?

Only about 10 percent “always” or “almost always” leave reviews on products and services.

What percentage of online reviews are negative?

94\% of customers say they’ve avoided a business due to negative reviews. Around 94\% of consumers say they have avoided a business because of a negative online review. Additionally, 80\% of consumers say the star ratings they trust most are always above four stars.

How effective are online reviews?

In today’s web-based world, virtually everyone is reading online reviews. In fact, 91\% of people read them and 84\% trust them as much as they would a personal recommendation. The effects of reviews are measurable, too. The average customer is willing to spend 31\% more on a retailer that has excellent reviews.

Is Yelp profitable?

Earnings Trend: YELP has become profitable over the past 5 years, growing earnings by -15.9\% per year.

What does the company Yelp do?

Yelp is an American public company headquartered in San Francisco, California. The company develops, hosts, and markets the Yelp.com website and the Yelp mobile app, which publish crowd-sourced reviews about businesses. It also operates an online reservation service called Yelp Reservations.

How many users does Yelp have?

Origins (2004–2009) Yelp grew from six million monthly visitors in 2007 to 16.5 million in 2008 and from 12 to 24 cities during the same time period. By 2009, the site had 4.5 million reviews. By 2010, Yelp’s revenues were estimated to be $30 million and it employed 300 people.

Who are Yelp’s main competitors?

As of the end of 2017, Yelp said that it had 148 million reviews on its site. Major competitors for the company’s review service include TripAdvisor, Foursquare, and user reviews on Google Maps. A service offered by dianping.com in China is also similar, although Yelp does not operate in China.

What is the best restaurant review site to track?

List of Restaurant Review Sites You Should Track. 1 1. Yelp. Founded in October 2004 in San Francisco, California, Yelp is the go-to site for diners looking to discover great places to eat. The site has 2 2. OpenTable. 3 3. Google. 4 4. Facebook. 5 5. Tripadvisor.