B2B Payments

Starbucks, Delta and Marriott Were Certify’s Most Expensed Vendors In Q2

Cloud-based travel and expense management software firm Certify announced its   Q2 spending report last week. According to a company release, the most-expensed vendors from last quarter include Starbucks, Delta, Marriott and National Car Rental.

“Results from our Q2 analysis show that, even as the economy improves, value remains important to companies and employees, given the high percentage of receipts coming from low-cost convenience restaurants and discount retailers such as Costco,” Certify CEO Robert Neveu said in a statement. “Stark differences in food and lodging costs across major U.S. cities should also help companies prioritize travel by location, when they can.”

The Certify report also showed that business travelers love fast food, as the majority of receipts were from Starbucks and McDonalds. The top-rated hotel spot was Hyatt, while Hilton was rated as the third most-preferred hotel. According to Certify, neither chain made the list in Q1.

Certify has been tracking corporate travel and expense data since 2009 and offers integrated travel booking, travel and expense management and reimbursement in one system, the company said in a news release.

Earlier this month, PYMNTS.com reported on a study that showed travel managers are aware of new payment technologies, such as mobile payments and contactless cards, but they don’t really view enabling it for their business customers a priority.

——————————–

Featured PYMNTS Study:

More than 63 percent of merchant service providers (MSPs) want to overhaul their core payment processing systems so they can up their value-added services (VAS) game. It’s tough, though, since many of these systems date back to the pre-digital era. In the January 2020 Optimizing Merchant Services Playbook, PYMNTS unpacks what 200 MSPs say is key to delivering the VAS agenda that is critical to their success.

Click to comment

TRENDING RIGHT NOW