Meals are typically the third-largest cost on business travel expense accounts after airfare and lodging. The stereotypical image of a business traveler downing a $40 porterhouse with a $100 bottle of wine holds true in some circles, but a spending report by Certify, a company that manages corporate expense account processing, states that business travelers of all ages are more often grabbing a meal between meetings or eating at a familiar chain restaurant at the airport before a flight.
One evolving expense-cutting trend: Rocketrip, a recent start-up, offers an incentive-based platform that provides monetary rewards to business travelers who spend less on a trip than company policy usually allows. “If I give you a budget and tell you for every dollar you save, you’re going to get half back, that conversation gets interesting pretty quickly — especially if you are a millennial business traveler not making a very high salary,” says Dan Ruch, Rocketrip’s chief executive.
Source: The New York Times
