According to a Recent Study/Survey … June 2016 Edition

7 Min Read By MRM Staff

As part of our mission to be the go-to resource for on-the-go restaurant industry professionals, Modern Restaurant Management magazine (MRM) offers highlights of recent research. This June edition will get your summer reading routine off to a fine start.

Opportunities in Business DiningBusiness dining is one of the more undermanaged areas of the corporate expense budget, according to a study conducted by Dinova LLC, along with The BTN Group. The business dining spend represents roughly 10 percent of the average annual T&E spend, which offers the opportunity for significant cost savings efforts on the part of corporations nationwide. According to the survey, 40 percent of respondents reported that his or her company spent $1 million or more on meals and entertainment in 2015. With the high amount of money rolling through corporate T&E on business dining spend, there’s an opening to better manage the expense.

Despite economic conditions that show consumer dining spend has decreased…