Business Travel: Food and Beverage Remains a Top Expense

Projected Spending and Industry Trends

News Lead

Business travelers are expected to spend a substantial amount on food and beverages in the coming year, making it the second-largest travel expense category. According to the Vericast 2024 Restaurant TrendWatch Survey, 68% of respondents indicate a preference for grocery store food over restaurant meals.

Deloitte's surveys of travel managers, travelers, and budget owners reveal that business travel continues to increase, with spending projected to reach 36% of 2019 levels. The report also identifies four categories of business travelers: those who never stopped traveling, those who are returning to travel, those who are still hesitant about travel, and those who have given up on business travel.

The restaurant industry is adapting to meet the changing needs of business travelers, with a focus on technology, sustainability, and plant-based options. As the industry evolves, food and beverage expenses are expected to remain a significant part of business travel costs.