Research Shows Millennial Travel Spending Follows Traditional Patterns
New research from Concur, the expense management company, shows millennial purchasing patterns when it comes to business travel aren’t as different from those of senior colleagues as you might have expected.
Research showed millennials spend 18% less than employees aged 36-65 on dining and entertainment, about $44 per transaction compared to $52; 19% less on dining at $33 per meal when traveling, while colleagues between ages 36-65 spend $39; and 3% more on hotel-related expenses (room, parking, WiFi, room service) than older colleagues ($114 per transaction compared to $111).
Some of the numbers suggest that the industry in which the traveler works influences spending more than the employee’s age.
See more on this from Business Travel Executive here.