Study finds younger travelers more likely to expense luxury activities
Wednesday, October 16, 2013
There's no denying there are considerable differences between younger and older travelers, and the same thought process applies to when they are on the road for business. This is especially true when it comes to their spending habits, and a recent study from travel website website Expedia and Egencia found that younger travelers are considerably more likely to spend their company's money on luxurious meals and airline seats.
The study polled more than 8,500 travelers from 25 different countries and shed some light on the biggest differences between the 18-to-30 and 46-to-65 demographics. Among the most striking findings was that 42 percent of young respondents said they'd expense high-end meals, while only 26 percent of older study participants said the same. Researchers also found that younger adults are more apt to use their mobile devices to make travel plans, with 32 percent of them doing so.
"Business travelers are early adopters of technology -- millennial travelers even faster -- and all are on the move from device-to-device, from online to offline and back again," Rob Greyber, president of Egencia, said. "We realize that keeping pace with millennials and future generations of corporate travelers demands significant focus on mobile in order to sustainably engage them with the right information."
Whatever their age, business travelers can benefit from making use of serviced apartments, which provide more space than most hotel suites and many of the luxuries of home.