In the event that you're looking to help on a business travel, there's one range where you may need to curtail several and spare some money -feasting. Canapés, courses, drinks, pastries, charges, tips -each one of the aforementioned dollars include up huge time, and it could be difficult to change old propensities and hold that using under control. At the same time information shows that is the course our economy's moving. Americans have a little less money to use, and they're modifying by staying somewhat leaner while consuming out on work outings.
Analysis by Dinova showed that with the changing economy, corporate diners are spending about 2.5 percent less at restaurants than they did a year ago. Dinova aggregated data collected from over 2 million employees within its dining network who combine to generate about $700 million in revenue. Respondents said that in 2011, the average value of a restaurant transaction was $52.03 - by 2012, that figure had dropped to $50.78.
Vic Macchio, founder and CEO of Dinova, says that not only are businessmen and businesswomen eating cheaper meals, but they're also looking to eat within their businesses' preferred networks of restaurants, finding discounts whenever possible.
With the right software tools in place, a dining expense fiasco can easily be avoided. If you're looking to save cash, spend in the right places and steer clear of anything sketchy, a little travel expense management might go a long way.