Dinova's Business Dining Marketplace Continues Unwavering Growth in Q3

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Dec 06, 2017, 08:07 ET

ATLANTA, Dec. 6, 2017 /PRNewswire/ -- Dinova, Inc., the only innovative, proprietary marketplace exclusively focused on connecting business diners to restaurants nationwide, announced today its second quarter marketplace results. Dinova's marketplace has seen growth throughout the year, despite downturn in the restaurant industry. In the third quarter, business dining spend through Dinova's marketplace has increased 20%, with 21% growth in the number of business dining transactions and a 6% increase in transaction size from our enterprise corporation segment, compared with Q3 2016.

By contrast, consumer spend at restaurants in general was down again for Q3 2017 with a 2.2%* decline of same-store sales, according to Black Box Intelligence, a TDn2K company. Additionally, consumer traffic was down 4.1% in Q3, further highlighting the need for restaurants to find alternative ways to bring in spend.

Driven by its preferential connection to business diners and ability to influence which restaurants they frequent, Dinova continues to add high-profile restaurants and companies to its business dining marketplace and expand its reach nationwide.

"Our plate has been wonderfully full this year – we've earned tremendous growth, multiple company awards, and a significant investment from Frontier Capital," says Vic Macchio, CEO and founder of Dinova. "We're excited now to forge ahead and focus on innovation and growing our marketplace in 2018 and beyond."

*http://www.nrn.com/sales-trends/restaurant-same-store-sales-fall-22-3q

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Dinova (www.dinova.com) is the only company providing an innovative, proprietary marketplace exclusively focused on connecting expense account diners to quality restaurants nationwide. Dinova influences more than $6 billion annually in business meals and entertainment expenses. Participating companies range from millions of small to medium sized businesses to hundreds of Fortune 500 enterprises, and its 14,000+ restaurant network includes local independents as well as national full-service and limited-service restaurant brands, encompassing all price levels and cuisines.

SOURCE Dinova, Inc.