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Gaining New Value from Dining Spend

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Presentation on theme: "Gaining New Value from Dining Spend"— Presentation transcript:

1 Gaining New Value from Dining Spend
Chris Froelich Vice President, Business Development October 1, 2014

2 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

3 Who Comes To The Business Dining Table
EXECUTIVE MANAGEMENT CATERING COORDINATORS EVENT PLANNERS BUSINESS TRAVELERS 10% of total corporate T&E budget 3

4 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

5 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

6 Prominent National Dinova Restaurant Partners
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7 Leading Regional Restaurant Groups
81 Dinova Network Restaurants within 10 miles 7

8 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

9 Helping Road Warriors Find Dinova Restaurants

10 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

11 VP Business Development cfroelich@dinova.com 973-954-6006
Contact Chris Froelich VP Business Development

12 The Ultimate Hotel Shopping Solution
9/16/2018

13 Solution We created tripBAM to be the ultimate hotel shopping service. A three step approach.

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16 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.

17 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…..

18 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

19 Results

20 Good Rates Bad Rates

21 Steve.Reynolds@tripbam.com 214-363-9630


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