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Gaining New Value from Dining Spend
Chris Froelich Vice President, Business Development October 1, 2014
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Dining: 3rd Highest Corporate T&E Category
Percent of Total % % % % % Airfare Lodging Dining Entertainment Ground Transport Car Rental Telecom Meetings Dinova’s corporate clients cumulatively spend more than $2 billion in dining annually 2 *According to the Concur 2013 Expense IQ Report
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Who Comes To The Business Dining Table
EXECUTIVE MANAGEMENT CATERING COORDINATORS EVENT PLANNERS BUSINESS TRAVELERS 10% of total corporate T&E budget 3
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Capturing & Leveraging Dining Spend
Challenges Many Programs Face Spend highly splintered & no predominant vendors Little opportunity for centralized purchasing Traditionally difficult to drive and achieve share shift Dinova’s Unique Solution Leverage the corporate credit card Seamless for travelers / card holders / admins No Personally Identifiable Information (PII) collected or used Utilize procurement based techniques and technologies Companies benefit from aggregated spend across the country A network of 12,000 restaurants; available on Day 1 All cuisine types and price points
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Dinova’s Rebate Model for Corporations
Traveler/Admin Pays for Meal w/ Company Corporate Card Monthly Corp Card Data Report to Dinova Dinova Reconciliation with Restaurants Dinova Distributes Rebate to Corporation Internal Distribution of Rebate (if applicable) Newly-found Value for the Corporate Program 33% of America’s 100 highest-travel-spend corps 4 million+ eligible corporate credit card holders 5
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Prominent National Dinova Restaurant Partners
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Leading Regional Restaurant Groups
81 Dinova Network Restaurants within 10 miles 7
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Desktop Search Page / Our Database
How Dinova Helps Companies Steer Travelers and Admins to In-Network Restaurants Client Travel Fairs, Lunch & Learns, Webinars Digital Newsletters, Intranet Company s, Social Media Events Dinova Mobile App is available for iPhone & Android devices. Communication Dinova Mobile App Each client is given a custom link enabling users to access Dinova’s restaurant network. Desktop Search Page / Our Database
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Helping Road Warriors Find Dinova Restaurants
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Key Takeaways Finally a program to leverage dining spend
Potential savings: significant and incremental No cost and no significant resource risk Minimum ramp-up period No sensitive data required (No “PII” captured or used) Can coordinate with existing restaurant programs and relationships (if any) Internal communication & support required and is key to success
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VP Business Development cfroelich@dinova.com 973-954-6006
Contact Chris Froelich VP Business Development
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The Ultimate Hotel Shopping Solution
9/16/2018
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Solution We created tripBAM to be the ultimate hotel shopping service. A three step approach.
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Opportunity Attachment rates declining. Hotel costs are increasing. Corporate discounts are complex. Shifting share is difficult. Provide hotel rate assurance. Decrease costs by 20%. Reduce dependency upon negotiated rates. Shift share based upon a best rate.
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Clusters A set of hotels is created (cluster) for each trip. Can be biased based upon: Cluster Cluster Biasing: Distance (by City) Hotel Quality Amenities Negotiated Property Chain and Brand (Priority) Traveler Preference* Agency Preference* Traveler and Trip Status: VIP Internal or External Travel Traveling with a customer Conference Travel Domestic or International Trip Cost or Average Rate Hotel Booked Leisure or Corporate And more…..
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Rate Shopping Monitor rates across selected hotels and communicate savings as rates change beyond savings threshold. Average Rate Savings Thresholds: Normal $20.00 Same Hotel - $10.00 Pref to Non-Pref +$10.00 Non-Pref to Pref -$10.00 Traveler Creates a Cluster Final Booking $300 $250 $200 $150 $100 ▬ Fairmont Olympic Hotel Hotel Max Sheraton Seattle Mayflower Park Hotel Hyatt Regency Downtown $155 $148 $130 $135
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Results
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Good Rates Bad Rates
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Steve.Reynolds@tripbam.com 214-363-9630
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