The Economics Of Corporate Meals
October 14, 2013 in Daily Bulletin
One of the perks of corporate travel is that the company often pays for all expenses on a corporate credit card. Catey Hill looked at what business people do with this freedom:
- Despite not having to pay for their own meals, fast food restaurants are the top destination for individuals expensing their meals.
- Starbucks is the number one go to destination for corporate meals. McDonald’s and Subway take second and third place.
- Overall the average corporate meal costs $18.72.
- The amount spent varies significantly based on the restaurant it is spent at. At Starbucks the average meal costs $9.51. At Panera it’s $35.35.
- Other popular eating establishments for those armed with corporate cards include the Cheesecake Factory, and TGI Friday’s.
Read more here.
Source: Market Watch
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