Contact: heather Thompson, Public relations manager, AT 678-684-2257
Dinova Companies Spend 13.6% More at its Preferred Restaurants
Atlanta (December 20, 2016) – Dinova, the only innovative, proprietary marketplace exclusively focused on connecting expense account diners to quality restaurants nationwide, announced a third quarter year-over-year increase of 13.6 percent by corporate enterprises in its preferred restaurant network. This increase comes after restaurant traffic as a whole is down for 2016; casual dining alone fell as much as 8 percent from 2015, according to a BMO Capital analyst in a recent Nation’s Restaurant News article.
As 2016 comes to a close, Dinova has brought more than 700 new restaurant locations into its marketplace as it continues to add increasingly diverse restaurant concepts to its more than 14,000 restaurant locations nationwide.
High-profile restaurants recently added to the marketplace include, Granite City Food & Brewery, Cadillac Ranch, and 101 Concepts.
Granite City Food and Brewery, named after its hometown of St. Cloud, Minn., is a polished casual restaurant with an on-site brewery. With 36 restaurants in 14 states, Granite City Food & Brewery offers a unique experience to business diners with its brewery inspired, chef crafted food and craft beer brewed at each location and served at the peak of freshness. Part of the same restaurant family, Cadillac Ranch embraces the spirit of Route 66 and its namesake’s famous art installation in Amarillo, Texas. Today, Cadillac Ranch operates five restaurants in the U.S.
“Complementary to our existing sales and marketing programs, Dinova’s marketplace provides us an additional distribution channel to access a targeted audience of business travelers and corporate diners nationwide,” said Jim Macchitelli, Vice President of Marketing at Granite City Food and Brewery. “Dinova’s network serves as an important conduit to influential business diners and decision-makers to build awareness and generate trial within this important market segment.”
101 Concepts is a restaurant group based in Atlanta, Ga., with six restaurant concepts across the south. The restaurant concepts range from southern style cuisine and barbecue at Food 101 and Smoke Ring; to an Irish Pub with Meehan’s Public House; to Italian fare with delicious Cibo E Beve; to a newly introduced concept at 101 Steak. Each restaurant brings exceptional food, great atmosphere and quality ingredients to every guest experience.
"While new to the Dinova family, we are already pleased with the results we have seen in just one month. Dinova gives us a chance to reach corporate diners on a Monday through Thursday, when the need to fill our restaurants is the greatest. We love the opportunity Dinova provides to connect with new faces and create a lasting relationship with local businesses at an affordable rate," said Steve Buero, Partner and Owner of 101 Concepts.
“This has been a great year for Dinova as we continue to trail blaze through the industry and carve out significant milestones along the way,” said Vic Macchio, CEO and founder of Dinova. “I have no doubt that our new additions to the marketplace, plus our unwavering growth, will propel us to a great start for 2017.”
Schlotzsky’s Joins the Dinova Marketplace
Atlanta (October 21, 2016) – Dinova, the only innovative, proprietary marketplace exclusively focused on connecting expense account diners to quality restaurants nationwide, announced today that Schlotzsky’s, an international sandwich franchise restaurant, has joined Dinova’s exclusive marketplace.
Beginning in Austin, Texas, Schlotzsky’s was home to a single, one-of-a-kind sandwich, The Original®. Today, it has 360+ locations in the United States and is present in three other countries. In the last 40 years, Schlotzsky's still maintains a commitment to using the highest quality ingredients to make the world's best sandwich, and the menu has evolved from one signature sandwich to fresh baked bread, delicious hot sandwiches, Artisan flatbreads, specialty pizzas, toasted wraps, freshly tossed salads, gourmet soups, and more.
“Having a brand like Schlotzsky’s available to our business diners is essential as they travel, have business meals, and plan in-office catering for meetings,” said Vic Macchio, CEO and Founder at Dinova. “We are thrilled to bring such a prominent brand into the marketplace as we continue to grow our restaurant network nationwide.”
With the recent growth of its marketplace to $5 billion in dining spend influence, Dinova continues to add increasingly diverse restaurant concepts to its more than 14,000 restaurants nationwide. The addition of Schlotzsky’s is just one indicator of the substantial growth Dinova continues to achieve in 2016.
P.F. Chang’s Joins the Dinova Marketplace
Atlanta (October 11, 2016) – Dinova, the only innovative, proprietary marketplace exclusively focused on connecting expense account diners to quality restaurants nationwide, announced today that P.F. Chang’s joins the marketplace as a premier international restaurant brand serving hundreds of thousands of customers each day.
Since the day it opened, P.F. Chang’s has made its food from scratch, and now they’re telling that story with Farm to Wok™. P.F. Chang’s chefs use real, whole ingredients to make their food and signature beverages from scratch, every day, in each individual restaurant. Dim sum is hand-folded, fresh ginger root is juiced for house-made ginger beer, and even sauces are made from scratch.
“P.F. Chang’s is a great addition to our restaurant network, and it’s a thrill to have such a fine dining establishment available to our business diners,” said Vic Macchio, CEO and Founder at Dinova. “Our restaurant partners understand the value of targeting the business diner, and are able to reap the benefits of taking part in our exclusive marketplace.”
“Farm to Wok™ has been our food philosophy since the day we opened. Many guests don’t know that every one of our restaurants has a scratch kitchen. This means our chefs are preparing food fresh every day – chopping vegetables, hand rolling sushi and crafting handmade cocktails from fresh squeezed fruits. Farm to Wok™ is allowing us to share the stories of the people who make it possible and we are excited to share this experience with guests in the Dinova dining network,” said Dwayne Chambers, Chief Marketing Officer for P.F. Chang’s.
With the recent growth of its marketplace to $5 billion in dining spend influence, Dinova continues to add increasingly diverse restaurant concepts to its more than 14,000 restaurants nationwide. The addition of P.F. Chang’s is just one indicator of the substantial growth Dinova has already achieved in 2016.
Buca di Beppo Joins the Dinova Marketplace
Atlanta (October 4, 2016) – Dinova, the only innovative, proprietary marketplace exclusively focused on connecting expense account diners to quality restaurants nationwide, announced today that Buca di Beppo joined the marketplace as a premier Italian restaurant chain serving tens of thousands of customers worldwide.
Buca di Beppo offers a unique perspective on Italian cuisine, by serving food family style with a fun, authentic feel. From humble beginnings in a Minnesota basement restaurant in 1993, Buca di Beppo has grown into an international sensation serving more than 100 restaurants in the United States, United Kingdom and the United Arab Emirates.
“The addition of Buca di Beppo into Dinova’s marketplace allows our business diners to experience a fun, eclectic style on business trips or for a company party,” said Vic Macchio, CEO and Founder at Dinova. “Having Buca in our restaurant network is just another way we strive for excellence, and bring the best establishments into our marketplace.”
“Complementary to our existing sales and marketing programs, Dinova’s marketplace provides us an additional distribution channel to a targeted audience of business travelers and corporate diners nationwide,” said Trish Giordano, Executive Vice President of Sales & Marketing at Buca di Beppo. “Dinova’s network serves as an important resource allowing us to connect with influential, business diners and decision-makers to increase visitorship to our restaurants and further expand our catering business.”
With the recent growth of its marketplace to $5 billion in dining spend influence, Dinova continues to add increasingly diverse restaurant concepts to its more than 14,000+ restaurants nationwide. The addition of Buca di Beppo is just one indicator of the substantial growth Dinova has already achieved in 2016.
Dinova Named a Best Place to Work by Atlanta Business Chronicle
Atlanta (September 8, 2016) – Dinova, the only innovative, proprietary marketplace exclusively focused on connecting expense account diners to quality restaurants nationwide, was recognized today as a best place to work by the Atlanta Business Chronicle, the premier business journal in the market. The Best Places to Work 2016 awards were announced at this morning’s breakfast, where only 100 of the top companies in Metro Atlanta were recognized.
The breakfast, held at the Hyatt Regency Atlanta, acknowledged companies which came out on top based on a multi-dimensional survey completed by their own employees. Survey dimensions included rating the work environment, the level of creativity and overall treatment of employees. The survey was administered by the independent research firm Quantum Workplace. Dinova’s award came in the small company category and will appear in the next issue of the Atlanta Business Chronicle in a special section highlighting the winners. Emcee Crystal Edmonson pointed out that the small company category was the most vigorously competitive, with more than 600 applicants, and only 50 making the cut.
“It is such an honor to be recognized with this outstanding award for fostering a company culture where our employees feel valued, creative and happy,” said CEO and Founder Vic Macchio. “We are a fast growing company. Having a great company culture is the foundation for future success. This award belongs to all present and future employees at Dinova. It’s our people that make this a best place to work.”
Since January, Dinova has increased its headcount company-wide by 20 percent and will continue expansion in 2016 with an annex of more office space at its Johns Creek corporate headquarters.
About 2016 Best Places to Work
Best Places to Work is an innovative publication and awards program produced by Atlanta Business Chronicle. The rankings were determined by surveys that went directly to employees who answered a series of questions. The survey was administered online by the employers and through a service provided by Quantum Workplace, our research partner. The rankings are numeric based on Quantum’s scoring process.
Dinova’s Marketplace Expands to $5 Billion in Business Dining Expense
Trends Show Uptick in Key Vertical Markets
Atlanta (July 19, 2016) – Dinova LLC, the only innovative, proprietary marketplace exclusively focused on connecting expense account diners to quality restaurants nationwide, announced today that it has surpassed $5 billion in business dining spend influence. Dinova’s marketplace has steadily increased by 7.8 percent in the first half of 2016 with the average transaction spend amount increasing by 9.4 percent YOY. Like other successful internet marketplaces, such as Airbnb and Uber, Dinova is quickly capturing market share and is progressing into a successful mid-size corporation.
The increases and uptick of Dinova’s marketplace in the first half of the year are due in part to certain business dining trends, including a 7 percent increase YOY for Fast-Casual and Fine Dining spend in particular. This correlates with Dinova marketplace research, conducted with The BTN Group in April, which shows that companies are reporting a 33 percent increase in Fast-Casual spend, 34 percent increase in independent restaurant spend, and 16 percent increase in chain dining establishment spend. Over 56 percent of companies indicated that increases are due to more meals being purchased overall. Since Fast-Casual is the fasted growing segment in the restaurant industry, Dinova’s increase in this category correlates with that industry trend as well.
Additional insights from the Dinova marketplace include an exceptional 19 percent YOY increase in the Healthcare vertical, 16 percent YOY increase in Consumer Discretionary companies and 14 percent YOY in the Information Technology vertical.
“Dinova’s marketplace continues to thrive as we surpass the $5 billion milestone,” said Vic Macchio, founder and CEO of Dinova. “Between the trends we’re seeing in Fast-Casual and the increasing desire for unique and niche dining options, it is clear that restaurant diversity in our network is paying off.”
As business dining spend increases, Dinova continues to add an increasingly diverse group of restaurants to its more than 14,000 restaurant partners nationwide. “We are thrilled to add Lazy Dog Restaurant and Bar, Fadó Irish Pub, and Chaya to our growing marketplace,” said Macchio.
"Part of the foundation of our culture has always been to partner with our local businesses and Dinova is a way for us to stay true to who we are while exposing our brand to new business guests,” said Chris Simms, founder and CEO of Lazy Dog Restaurant and Bar, a 19-unit casual dining chain operating in California, Nevada and Texas. “We are particularly excited for the opportunity to serve corporate card holders and offer them an exceptional dining experience and ‘go to’ place for meals during the work week. As a growing family founded restaurant group, we were looking for a partner that could grow with us as we expand into new markets and with Dinova’s national presence, we are confident they are the right fit.”
“In partnering with Dinova, we’re glad we have an extended opportunity to help businessmen and women across the nation end a long day with great food, drink and a little banter,” said John Piccirillo, director of marketing at Fadó Irish Pub. Fadó Irish Pub is a premier restaurant and pub with 13 locations across the U.S., and is known for its exceptional draft beer, creative cocktails, thoughtful dishes and embodiment of the Irish pub culture.
“We are excited to now have all three of our restaurants with Dinova, and feel that this partnership is a win-win for us to expand our base of business clientele," said Rachel Pattison, Marketing Manager of the Chaya Restaurant Group, a Japanese-fusion concept in San Francisco, Venice Beach and Downtown Los Angeles. “We look forward to cultivating a close relationship with the Dinova team in order to grow our business at all three locations."
Research Study Takes a Fresh Look at Corporate Meal Expense Management
Atlanta (June 06, 2016) – Dinova LLC, along with The BTN Group, announced today the results of a new industry research study. The study shows that business dining is one of the more undermanaged areas of the corporate expense budget. The business dining spend represents roughly 10 percent of the average annual T&E spend, which offers the opportunity for significant cost savings efforts on the part of corporations nationwide.
According to the survey, 40 percent of respondents reported that his or her company spent $1 million or more on meals and entertainment in 2015. With the high amount of money rolling through corporate T&E on business dining spend, there’s an opening to better manage the expense.
Despite economic conditions that show consumer dining spend has decreased or remained flat, 39 percent of travel managers responding to this survey indicated that their business dining spend had increased in 2015. Forty-one percent of respondents said the increase in business dining spend was due to more volume of business meals purchased. And 19 percent of respondents also noted among buying trends, increased use of catering or large group carry-in orders.
The business dining expense comes in a variety of ways, including out-of-town travelers, marketing and events, client entertainment, internal business catering and private dining. When asked which restaurants are most frequented by business employees eating on expense accounts:
· 33 percent said fast-casual
· 34 percent said independent restaurants
· 16 percent said chain-dining establishments
· 14 percent said quick-service restaurants
When asked what percentage of meals and dining expenditures occur in employees’ home market(s) versus business travel, only 10 percent of respondents indicated that 50 percent or more meal expenses are at home while 29 percent indicate less than 10 percent of meal spend is in home markets. In fact, 55 percent reported that the increase of travel to new destinations was one of the contributing factors for increased business dining spend.
Curiously, more than half of the organization’s respondents reported they have yet to focus on dining spend as an area of savings significance. And when it came to how often meal expenditures are reported to management:
· 39 percent said as requested by management
· 33 percent said monthly
· 14 percent said quarterly
· 6 percent said annually
· 20 percent said never
“With 80 percent of respondents indicating business dining expenses within their organization are reported to senior management, it’s advantageous for travel managers to reclaim a portion of the overall company dining spend,” said Vic Macchio Founder and CEO at Dinova. “We estimate the business dining spend to be around $60 billion, and the ability to manage this spend is critical in overall T&E savings. It’s found money!”
“The research illustrates that far too many corporations are missing opportunities for quantifiable savings on business dining expenses, given that 52 percent of respondents haven’t taken steps in the past two years to better manage this area and nearly a quarter couldn’t identify whether their 2015 costs had changed from 2014,” said Louis Magliaro, The BTN Group vice president and group publisher. “Leading companies are trying some very innovative tactics and we look forward to sharing more insights with our audience as this area matures.”
In addition to the survey results, Dinova and The BTN Group will host a free webinar that will take a “Fresh Look a Corporate Meal Expense Management”. The webinar will take place Thursday, June 9, at 1 p.m. Eastern Daylight Time. The webinar will include speakers from companies such as Capital One, The Boeing Company, Liberty Mutual and Dinova.
For more information about the webinar, visit https://event.webcasts.com/starthere.jsp?ei=1105879&sti=Dinova
The survey gathered responses from 114 corporate travel, card or expense managers across various industries. For a copy of the full white paper, please reach out to the media contact.
Dinova Business Dining Marketplace Up 6.9 Percent in Q1 2016
Corner Bakery and Bravo Brio Restaurant Group Join Dinova
Atlanta (May 23, 2016) – Dinova LLC, the only innovative, proprietary marketplace exclusively focused on connecting expense account diners to quality restaurants nationwide, announced today that business spending in Dinova network restaurants increased 6.9 percent in Q1 2016, with a 4.9 percent growth in transactions and average check values up 2.0 percent over Q1 2015*.
Business guests were a critical driver for industry-wide sales, as overall U.S. restaurant same-store sales plunged into negative growth territory during the same period, according to Black Box Intelligence – a TDn2K company. Conversely, participating Dinova restaurants enjoyed an average 13.2 percent increase over Q1 2015 in spending from Dinova business diners, due to the overall growth of Dinova’s business dining marketplace as well as behavior changes in spending by client companies.
“As a national marketplace with $4 billion of business dining spend under management, we now have the opportunity to see unique trends and patterns specific to our business dining segment,” said Vic Macchio, Founder and CEO of Dinova. “As industry reports reveal consumer traffic is slowing, our trends clearly show that business dining drives more traffic and profits for restaurants participating in our marketplace. There’s significant value for restaurants that understand the unquestionable value business diners bring, and how to leverage Dinova as the channel to access them.”
In addition to positive growth numbers, Dinova signed two notable restaurant chains as well as 183 local independent restaurants to the network in Q1, offering businesses a wide range of unique choices for their business travelers, private dining and events, and catering options in cities all across the country.
Corner Bakery, a fast-casual restaurant serving guests in 24 states and Washington D.C., and Bravo Brio Restaurant Group, offering full service restaurants located in 30 states, are two of the latest national chain restaurants to join Dinova.
“The relationship with Dinova is a perfect match for us to reach the expense account diner,” said Paul Hicks, SVP of Operations Services & Brand Development at Corner Bakery Café. “As the world of business and dining changes, it is great to know that there are companies, like Dinova, revolutionizing the industry.”
“Dinova’s one-of-a-kind marketplace allows us to tap into the potential that is the business diner,” said Nicole Roope, Director of Marketing at Bravo Brio Restaurant Group. “We see our partnership with Dinova as another step in exposing our brand to those future guests that have not had a chance to experience our restaurants.”
In addition to the 100+ new local restaurants joining the network, Dinova also continues to expand relationships with existing restaurant groups who add new restaurant locations and concepts to Dinova’s growing business dining marketplace. One such restaurant is Murphy’s, a long-standing hub of Atlanta’s Virginia Highland neighborhood and the choice destination for visitors seeking the best of the city’s dining and nightlife.
"We are excited to have our neighborhood gem promoted to business diners and event planners across the country,” said Tom Murphy, founder and CEO. “We believe this is a great way to cultivate our business which is why we’ve added a third restaurant into the Dinova network. We see this to be a growth opportunity and look forward to continuing our relationship with Dinova."
*Values based on 2016 first quarter include February 29, 2016.
Dinova Launches myDinova:
The Only Program Enabling Millions of Corporate Employees to Earn Personal Rewards on Business Dining Expenses
ATLANTA – March 15, 2016 – Dinova LLC, the only platform solely focused on connecting expense account diners with quality restaurants nationwide, today launched myDinova, a one-of-a-kind rewards program exclusively for corporate employees. myDinova is the only rewards program where business diners can earn personal rewards for their business meals and entertainment expenses – whether eating out on the road while traveling, buying meals for training and events, catering meetings, or entertaining clients.
myDinova works just like other corporate programs where employees get rewarded for concentrating their business at a preferred airline, hotel, or car rental provider. myDinova offers personal rewards on company meals and entertainment expenses when employees concentrate their spending with restaurants in the Dinova network.
“myDinova is the only rewards program that allows employees to accrue personal rewards in the course of their everyday business dining activities, with the support and approval of their company,” said Dinova founder and CEO Vic Macchio. “Whether it’s colleagues talking about a project over lunch at a restaurant near the office, the road warrior eating three meals a day while traveling, or a sales executive taking a client out for a nice dinner, any reimbursable business meal scenario is an opportunity for employees to earn personal rewards. With myDinova, these employees are motivated to visit company-preferred Dinova network restaurants to gain personal rewards.”
myDinova Works for Employees, Companies, and Restaurants
myDinova is easy for employees at companies in Dinova’s network. A quick sign-up process at the myDinova website securely registers the individual’s corporate credit card. Then they simply eat at any of Dinova’s 13,000+ network restaurants and use their corporate credit card as they normally would. There are three ways for employees to earn myDinova points:
· Dining activity - For every $1 spent in Dinova network restaurants, employees earn 1 point.
· Network loyalty bonus – If at least 25 percent of an employee’s restaurant visits are in-network in a given month, they will earn an additional 25 percent bonus on in-network spend. If at least 50 percent of restaurant visits are in-network, then the employee earns 50 percent more bonus points on in-network spend.
· Special offers/promotions - Occasionally Dinova offers certain promotions to reward employees for dining at speciﬁc restaurants. When employees take advantage of such offers, they automatically receive the points offered with that promotion.
Points are applied in real-time, and gift cards to Dinova network restaurants can be requested once the employee surpasses certain point thresholds. Gift cards are delivered to employees electronically or via mail.
“myDinova benefits all parties involved,” said Macchio. “Individuals build up reward points on business dining expenses. Dinova network restaurants gain new and more frequent expense-account patrons with both local employees and business travelers now motivated to dine at these establishments more frequently. And companies in the Dinova network beneﬁt by receiving savings in the form of monthly rebates.”
Rewards-driven programs are historically popular with corporate employees, with suppliers in the air, car, and hotel industry typically gaining repeat business from loyal customers using their corporate credit cards for reimbursable expenses.
- According to a 2013 Deloitte report, 76 percent of high-frequency business travelers view opportunities to earn and redeem points as “vital.”
- GBTA reported last year that 78 percent of travel managers are allowed to use individual hotel loyalty accounts when traveling for business.
- One-third of travel managers say they actively inform their travelers about hotel loyalty programs (GBTA).
· A Loyology survey found that 75% of respondents agreed they would like to have one rewards program membership that is honored at multiple restaurant chains. myDinova rewards can be redeemed at a broad range of restaurants, from fast-casual to fine dining establishments.
“Rewards programs clearly influence behavior, particularly in the business environment. Employees are conditioned to plot scenarios to earn personal points for flights and hotel stays, and they often accumulate those rewards using company-preferred airlines and hotels,” said Macchio. “myDinova – the only dining rewards program targeted exclusively at corporate employees - is the logical extension, enabling staff to follow company reimbursement guidelines on meals and entertainment and earn rewards for their personal restaurant use at the same time.”
Business Dining Marketplace Up 7.1 Percent in 2015
Dinova Now Influences More Than $4 Billion in Restaurant Spending
ATLANTA – March 2, 2016 – Dinova LLC, the only platform exclusively focused on connecting expense account diners to quality restaurants nationwide, reported today that business spending in restaurants increased 7.1 percent in 2015, with a 4.5 percent growth in transactions and average check values up 3.75 percent over 2014. Business guests were clearly critical to driving industry-wide sales to positive territory, as overall US restaurant sales grew only 1.6% in the same period (according to TDn2K Black Box Intelligence).
Dinova had a milestone year in 2015, as the addition of numerous companies to the network helped Dinova surpass $4 billion in dining spend influence. Dinova signed notable restaurant chains and a broad array of local independents to the network, offering businesses a wide range of unique choices for business travelers, private dining and events, and catering options in cities all across the country.
“Dinova’s marketplace is thriving, and continues to drive double digit, profitable growth for us every year,” said Dinova founder and CEO Vic Macchio. With that growth, Dinova expects to nearly double its staff in the next 18 months. The company hired two prominent executives to its management team in 2015, enhancing the digital marketing and technology operations targeted at driving more engagement from all parties in the Dinova marketplace.
Mark Hooper – Chief Technology Officer
Mr. Hooper leads Dinova’s technology team, focusing on extending and scaling the company’s technology capabilities to support Dinova’s exponential business growth. A veteran travel industry executive, Mr. Hooper has 26 years of experience leading IT teams and technological innovation for American Airlines, Sabre Holdings, Travelocity, GetThere, and GroundLink. He also served as Senior Vice President of System Engineering and Architecture at Iron Mountain.
Rhonda Hills – Chief Marketing Officer
Ms. Hills joined Dinova to build and lead the company’s marketing organization, focusing on building the Dinova brand, driving awareness and engagement to Dinova’s proprietary marketplace, and stimulating revenue growth for the company. After 20 years of driving demand and user engagement for Internet and digital businesses, Ms. Hills is well versed in positioning and scaling innovative and disruptive businesses. Previously, Ms. Hills served in executive leadership roles at BLiNQ Media, Sears Holdings, Cox Enterprises, and AOL.
“We are thrilled to bring seasoned executives like Mark and Rhonda into our organization. The investments we are making in technology, marketing and experienced people will keep the momentum going in 2016,” said Macchio. “All the indicators point to a substantial year of growth, both for Dinova and the business dining segment we uniquely serve.”
Company Holiday Cheer Drives Restaurant Profits in December
The storyline of business dining buttressing overall restaurant growth flows through fourth quarter figures as well as year-long metrics. Industry-wide restaurant sales rose only 0.4 percent in the fourth quarter. In comparison, fourth quarter business dining was up 7.4 percent over 2014.
Holiday meals and entertainment spending by companies was vital for the industry in December, boosting revenues amid reduced transient traffic. Companies spent 6.6 percent more in U.S. restaurants than in 2014, with the average check up 4.8 percent. This contrasts to restaurant statistics shared by TDn2K Black Box Intelligence, reporting that the industry’s overall sales were up only 0.6 percent as traffic actually decreased by 2.1 percent over December 2014 figures.
“With $4 billion dollars under management, we are now at the scale to see unique trends and patterns specific to our business dining segment,” said Vic Macchio. “With consumer traffic lagging, these trends clearly tell a tale of business dining driving more traffic and profits for restaurants participating in the Dinova marketplace. I see blue skies ahead for restaurants that understand the unquestionable value business diners bring, and how to leverage Dinova as the channel to access them.”
Dinova in the News
Published December 21, 2016
This increase comes after restaurant traffic as a whole is down for 2016; casual dining alone fell as much as eight percent from 2015. As 2016 comes to a close, Dinova has brought more than 700 new restaurant locations into its marketplace as it continues to add increasingly diverse restaurant concepts to its more than 14,000 restaurant locations nationwide... Read more
Published December 20, 2016
Dinova LLC, the only innovative, proprietary marketplace exclusively focused on connecting expense account diners to quality restaurants nationwide, announced a third quarter year-over-year increase of 13.6 percent by corporate enterprises in its preferred restaurant network. This increase comes after restaurant traffic as a whole is down for 2016... Read more
Published December 11, 2016
We all know how hard it can be to find freshly prepared, healthy food on the road. This task is even harder for vegan travelers or those just trying to eat more vegetables as part of their diet. For this reason, we are so excited to tell you about a healthy West Coast fast food restaurant chain called Veggie Grill. Even meat lovers will love and appreciate the offerings at Veggie Grill (don’t believe us- check out their Beyond Burger, which was recently featured in Forbes)... Read more
Published in print November 2016
Products and Services
According to the company, by influencing $5 billion annually in business meals and entertainment expense, Dinova can provide independent restaurants with a customer segment that spends 25-100 percent more than the average ticket, dine primarily midweek, and orders high-margin menu items.
Published October 27, 2016
Beefsteak’s unique dining experience takes healthy grab-and-go to a new level. The fast-casual restaurant chain was created by renowned chef José Andrés, and his creative “fast good” menu puts the focus on vegetables... Read more
Published October 9, 2016
Dinova, the proprietary marketplace exclusively focused on connecting expense account diners to restaurants nationwide, said Buca di Beppo joined the marketplace as a premier Italian restaurant chain serving tens of thousands of customers worldwide. Read more...
Published September 22, 2016
Toyota Motor Sales U.S.A. removed per diems from its travel policy in 2015 and updated its business class travel policy. It also implemented a Dinova dining rebate program and aligned its travel policy across its sales, operations and manufacturing groups, a nod to TMS’s multiyear process to align those divisions. Read more...
Published September 19, 2016
An innovative, proprietary marketplace that connects expense account diners to quality restaurants nationwide, uses its blog to highlight restaurants in its network and offers insights on the mechanics of the business meal. Read more…
Published July 2016
For business travel, dining is a $50 billion-plus spend category annually. And capturing that spend is not as straightforward as other travel categories, which makes getting a handle on dining and entertainment one of travel’s last frontiers of data visibility. Read More...
Published July 20, 2016
American workers are clearly very hungry. And today, yet another report from the business dining sector shows just how ravenous we are when we're on the road or just entertaining clients in town.
Dinova, a company focused exclusively on the corporate dining marketplace, said this week that Americans are spending more on business-related dining than ever. Its own network of restaurants grew nearly 8 percent during the first half of this year. Additionally, Dinova has charted a year-over-year increase of 9.4 percent in the average spend on a business meal. Read More...
Published July 18, 2016
Published June 27, 2016
Business dining is one of the more undermanaged areas of the corporate expense budget, according to a study conducted by Dinova LLC, along with The BTN Group. The business dining spend represents roughly 10 percent of the average annual T&E spend, which offers the opportunity for significant cost savings efforts on the part of corporations nationwide. Read More...
Posted June 7, 2016
Corporations might soon be tightening limits on money spent for business-related dining and catering if the findings of a new research study by Dinova LLC and The BTN Group garner much attention from upper management in the U.S. Read more...
Posted June 7, 2016
When it comes to the use of a commercial card, the first expenses that come to mind are those necessary for corporate travel — using the company card to book a flight or pay for taxis and hotels.
But researchers at Dinova LLC and The BTN Group are pointing to another corporate expense that goes largely unchecked within the enterprise: business meals. Read More...
Posted June 6, 2016
Eating on the go is a big business for restaurants, and a major expense for companies.
In a survey of corporate expense managers by Atlanta-based business dining network Dinova says 40 percent of businesses spent $1 million or more on meals and entertainment in 2015. Read More...
Posted May 31, 2016
Performance numbers elsewhere paint a brighter picture. Expense account dining firm Dinova says business spending in its 13,000-plus network of mostly full-service restaurants was up 6.9 percent during the first quarter of the year. The company notes that 4.9 percent of the growth was due to transactions and two percent relates to increases in check averages. Read more...
Posted May, 2016
Robby Kukler’s first restaurant job came the way of a Best Western in Flint, Michigan, where taking care of weary travelers was the name of the game. Now, years later, Kukler is a partner at Fifth Group Restaurants, which operates seven restaurants and a full-service events company in Atlanta. Though the average diner may spend up to $50 at some of the company’s restaurants, Kukler says he’s still relying on lessons he learned back at the Best Western.
“A restaurant is a community business,” he says. “And if your community happens to be surrounded by hotels and offices, then those are the people you need to connect to and take care of.” Read more...
Posted May 12, 2016
Not long after David Pogrebin joined Tommy Bahama Restaurant & Marlin Bar in New York City as General Manager, he was eyeing the P&L statement and noticed an unfamiliar line for guest acquisitions that prompted some investigation. Pogrebin discovered he had inherited a partnership with Dinova, a company that focuses on connecting expense account diners to restaurants nationwide.
“As an operator, it’s win-win-win situation,” Pogrebin told Modern Restaurant Management magazine. “I’ve found the more I spend on Dinova, the more guests spend here at Tommy Bahama. Expense account diners have high check averages and Dinova makes the process simple for staff and guests because there are no special procedures.” Read more...
Posted MAR 28, 2016
This site is the leading B2B site for the payments industry by traffic, and calls itself the premier source of information about “What’s Next” in payments and commerce. This is the first time they’ve written about the Dinova model and how it works for corporations, employees, and restaurants. Read more…
Posted MAR 24, 2016
This prominent restaurant trade publication, primarily targeting independent restaurants and small group, covers the launch of myDinova and the benefits of increased business dining traffic. Read more…
Posted MAR 18, 2016
The leading business travel trade publication, with 20,000+ readers, takes a detailed look at myDinova’s launch and the impact of individual rewards programs in the managed travel arena. Read more…
Posted MAR 17, 2016
Skift, a prominent online publication targeting technology leaders and influencers across the travel industry, covers the launch of myDinova and speaks with CEO Vic Macchio. Read more…
FSR DETAILS DINOVA’S GROWTH AND 2015 BUSINESS DINING METRICS
Posted MAR 3, 2016
FSR, a leading restaurant trade publication targeting full-service restaurants, posted Dinova’s 2015 growth highlights, as well as industry metrics on the growth of business dining last year in the United States. Read more…
BUSINESS TRAVEL NEWS REVIEWS DINOVA’S FULL-YEAR 2015 BUSINESS DINING REPORT WITH CEO VIC MACCHIO
Posted MAR 2, 2016
A prominent business travel trade publication reports on the growth of the business dining marketplace in 2015, including metrics on increases in sales and transactions from business travelers and corporate event planners. Read more…
BUSINESS TRAVEL EXECUTIVE STORY ON BUSINESS DINING FEATURES DINOVA NETWORK MEMBER LOCKHEED MARTIN
Posted FEB 19, 2016
This story takes a thorough look at business dining trends from the perspective of the corporate travel manager. Dinova network member Lockheed Martin is highlighted, discussing the success of their managed dining program. Read more…
- Dinova is the only company providing an innovative, proprietary marketplace exclusively focused on connecting expense account diners to quality restaurants nationwide
- By definition, “business dining” means any meal on a business corporate credit card that can be expensed, including meals purchased during business travel, food for company meetings and events, client entertainment, catering for internal department meetings, and corporate private dining
- Dinova currently influences more than $6 billion in annual business dining spend
- Dinova was founded in 2009 by CEO Vic Macchio (Mack-ē-oh)
- Currently, Dinova has 14,000+ restaurant partners across the United States and growing
- Restaurant segments included in the Dinova marketplace range from quick service, fast casual, casual, polished casual, fine dining, to delis and cafés. These restaurants encompass national and regional brands, large restaurant groups, and award winning independents
- Companies that participate in Dinova’s marketplace range from small to medium sized businesses to Fortune 500 enterprises
- Dinova has an easy-to-use mobile app that allows business diners to locate in-network restaurants while in town or on the road
- Dinova employs individuals from all over the United States, and has its corporate headquarters in the Metro-Atlanta area
- In 2016, Dinova won Atlanta Business Chronicle’s “Best Places to Work” Award