Certify — which helps companies track expenses — analyzed millions of receipts from business travelers and found that travelers are more likely to frugally spend company money at low-priced food options like Dunkin’ Donuts, Panera Bread and McDonald’s. Perhaps most surprising, Chick-fil-A emerged as the favorite restaurant for business travelers.
With companies cutting costs and searching for new ways to drive savings to the bottom line, even road warriors are making smarter choices with their corporate cards. To Robert Neveu, CEO of Certify, visual guilt holds people back from spending too much when low-cost options are available.
“Visual guilt tends to be a great sort of moderator for people,” he told USA Today. “It saves people money.”
It’s not just about the money either. When on the road, travelers look to maximize their time, often exchanging a formal lunch for a quick meal at a coffee shop or a fast food chain that offers Wi-Fi.
Personally, when I’m traveling I value every minute of my day, knowing that I’ll have to play catch-up at the office when I get home. I would much rather purchase an inexpensive sandwich before plowing through emails than sit down for a full (and likely) unhealthy meal at a nearby restaurant, especially if I’m traveling alone.
I’m also conscious of my spending choices knowing that around the world, my colleagues are also swiping their corporate cards and racking up their own receipts. We all have to be good stewards of the company dollar for our company to be successful.
Whether you’re a road warrior or an occasional business traveler, have your spending habits changed while on the road? Let us know in the comments below!