Dinova: Corporate Restaurant Spending Outperforms Overall Market
Atlanta, GA (RestaurantNews.com) Dinova LLC reported today that corporate spending in restaurants increased 9.7 percent year-over-year in the third quarter of 2015, with a 5.8 percent growth in transactions and average checks up 3.75 percent over the same period last year.
The strong corporate spending in restaurants is in contrast to the limited growth of the restaurant industry as a whole. A recent TDn2K Black Box Intelligence Report showed that overall restaurant sales grew only 1.5 percent and traffic declined by 1.3 percent in third quarter (compared to second quarter).
“The healthy business…