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