1 00:00:00,240 --> 00:00:02,600 Speaker 1: Back to the hospital industry where we discovered that despite 2 00:00:02,640 --> 00:00:04,320 Speaker 1: and we spent a bit of time on this yesterday, 3 00:00:04,360 --> 00:00:06,840 Speaker 1: we discovered that despite the narrative that things are dreadful, 4 00:00:06,880 --> 00:00:08,840 Speaker 1: are the numbers actually tell a different story. We are 5 00:00:08,880 --> 00:00:12,000 Speaker 1: seeing the industry breaking over fifteen billion dollars, which is 6 00:00:12,039 --> 00:00:14,560 Speaker 1: growth of five point eight percent. That's nationally places like 7 00:00:14,640 --> 00:00:18,279 Speaker 1: Queenstown and Hire and from feedback, First Table seems to 8 00:00:18,280 --> 00:00:20,040 Speaker 1: be as popular as ever. First Table is a local 9 00:00:20,079 --> 00:00:22,880 Speaker 1: invention basically half price or special deals when dining it 10 00:00:22,920 --> 00:00:24,959 Speaker 1: off pick times. Anyway, the founder and CEO, Matt Wei, 11 00:00:25,120 --> 00:00:26,520 Speaker 1: is with us on this Matt Morning to you. 12 00:00:27,440 --> 00:00:29,160 Speaker 2: Good morning Mike, thanks for having me on the show 13 00:00:29,160 --> 00:00:29,480 Speaker 2: this morning. 14 00:00:29,600 --> 00:00:31,360 Speaker 1: Not at all ten years and booming is that a 15 00:00:31,360 --> 00:00:32,000 Speaker 1: fair description? 16 00:00:33,320 --> 00:00:36,479 Speaker 2: Yeah, ten years. It's been a long journey, but yeah, 17 00:00:36,560 --> 00:00:37,440 Speaker 2: things are tracking well. 18 00:00:37,720 --> 00:00:39,320 Speaker 1: Over a million accounts. 19 00:00:39,360 --> 00:00:40,360 Speaker 2: What does them mean? 20 00:00:40,440 --> 00:00:42,720 Speaker 1: Half a million accounts? It's half a million New Zealanders 21 00:00:42,920 --> 00:00:46,199 Speaker 1: who have an account open and use it. 22 00:00:47,280 --> 00:00:49,519 Speaker 2: That's right. That's over half a million people who have 23 00:00:49,520 --> 00:00:51,519 Speaker 2: signed up on the website or the app over the 24 00:00:51,600 --> 00:00:52,400 Speaker 2: last ten years. 25 00:00:52,479 --> 00:00:54,200 Speaker 1: And are they one offs or regulars or what? 26 00:00:56,240 --> 00:00:58,520 Speaker 2: A lot of them are one offs? But then there 27 00:00:58,560 --> 00:01:00,720 Speaker 2: are certainly people that are using the platform on a 28 00:01:00,760 --> 00:01:05,520 Speaker 2: regular basis. There are customers that are monthly using First Table. 29 00:01:05,800 --> 00:01:08,600 Speaker 1: What's your read on the I mean, the reason I'm 30 00:01:08,640 --> 00:01:11,080 Speaker 1: interested is because we have this picture at the moment 31 00:01:11,120 --> 00:01:14,759 Speaker 1: where everything is absolutely miserable, and yet when you actually 32 00:01:14,760 --> 00:01:17,040 Speaker 1: look at the stats, the money's up, the number of 33 00:01:17,040 --> 00:01:19,800 Speaker 1: people are up, the number of outlets is up. What's 34 00:01:19,840 --> 00:01:20,240 Speaker 1: going on? 35 00:01:21,680 --> 00:01:24,560 Speaker 2: Well, I think that's I think some restaurants are experiencing 36 00:01:24,640 --> 00:01:28,840 Speaker 2: chat challenges right and some are doing well. So it's 37 00:01:28,920 --> 00:01:31,680 Speaker 2: not just a plain story of everyone's having a hard 38 00:01:31,680 --> 00:01:34,440 Speaker 2: time at the moment. So it's something that we're very 39 00:01:34,959 --> 00:01:38,560 Speaker 2: much aware of and we're very very much focused on 40 00:01:38,640 --> 00:01:40,840 Speaker 2: helping restaurants solve a small part of their problems. 41 00:01:41,080 --> 00:01:43,760 Speaker 1: And so are people. Is there still an awareness thing 42 00:01:43,760 --> 00:01:46,280 Speaker 1: around this or is everybody know? And if you know, 43 00:01:46,440 --> 00:01:47,000 Speaker 1: you use it? 44 00:01:48,520 --> 00:01:50,720 Speaker 2: So First Table. I mean, as we said, there's five 45 00:01:50,760 --> 00:01:54,440 Speaker 2: hundred thousand people who have created an account, but we're 46 00:01:54,520 --> 00:01:56,120 Speaker 2: doing it. We're doing a lot in sales and marketing 47 00:01:56,120 --> 00:01:57,520 Speaker 2: at the moment, so we're bringing on a lot more 48 00:01:57,560 --> 00:02:01,080 Speaker 2: restaurants and a lot more diners. And also the word 49 00:02:01,120 --> 00:02:04,840 Speaker 2: of mouth element is one of our strongest referral channels. 50 00:02:04,840 --> 00:02:08,320 Speaker 2: So people are definitely talking about First Table at the moment. 51 00:02:08,440 --> 00:02:10,120 Speaker 1: Good stuff. Nice to talk to you, Matt, Appreciate it 52 00:02:10,120 --> 00:02:11,959 Speaker 1: and go well with it. Matt Wia whose First Table 53 00:02:12,000 --> 00:02:15,200 Speaker 1: founder and CEO. And I'm just looking through the various 54 00:02:15,200 --> 00:02:17,280 Speaker 1: places in christ Your Strawberry Fair in christ which you 55 00:02:17,280 --> 00:02:18,960 Speaker 1: can't beat that. If you can get that for high price, 56 00:02:19,360 --> 00:02:25,239 Speaker 1: you're laughing. The Bunker's fantastic, Queenstown half price, it's not bad. 57 00:02:25,280 --> 00:02:28,920 Speaker 2: Going for more from the Mic Asking Breakfast, listen live 58 00:02:29,040 --> 00:02:29,760 Speaker 2: to news Talks. 59 00:02:29,800 --> 00:02:33,000 Speaker 1: It'd be from six am weekdays, or follow the podcast 60 00:02:33,000 --> 00:02:33,840 Speaker 1: on iHeartRadio