Millennials are nearly twice as likely to want to travel for business than Baby Boomers.
Millennials aren’t so wedded to their technology after all, at least where business travel is concerned.
A new GBTA Business Traveler Sentiment Index study finds that rather than remote communication, Millennials are nearly twice as likely to want to travel for business than Baby Boomers (45 percent to 26 percent, respectively), while nearly six-in-ten (57 percent) believe technology can never replace face-to-face meetings to get business done.
Age, of course, may be a factor in Millennials’ enthusiasm for business travel. Baby Boomers, more likely to have family responsibilities, may not be as eager to leave home for an extended period.
“Millennials are the newest generation of road warriors and, like their more experienced peers, they understand that face-to-face meetings remain key to getting business done,” Michael, W. McCormick, GBTA Executive Director and COO, said in a statement.
“Millennials in particular are interested in business travel and see the value it brings to their companies and their careers,” Susan Chapman-Hughes, Senior Vice President, American Express Global Corporate Payments, added. “This generation may see more upsides to business travel because they’ve found new ways to stay connected to their personal and professional commitments while on the road.”
For example, Millennials are far more likely to rely upon social media to meet up with friends when traveling than Baby Boomers (46 percent to 17 percent) and are far less likely to want to use their personal credit cards to float business expenses (53 percent to 69 percent). In terms of travel amenities, if only one could be selected, Baby Boomers would strongly prefer to pay no fee to check bags (47 percent compared to 34 percent of Millennials), while Millennials want free Wi-Fi (30 percent compared to 17 percent of Baby Boomers).
Regardless of generation, the percentage of travelers who believe the overall health of the economy is excellent dropped from 32 percent in quarter two to just 21 percent this quarter, the GBTA survey found. On the plus side, surveyed travelers’ views of the health of their own company or industry remained virtually unchanged and much more positive. More than half of business travelers feel their own company is in excellent financial shape (62 percent) and that the overall health of their industry is excellent (51 percent).
Donald Liebenson writes news and features for Millionaire Corner. He has been published in the Chicago Tribune, The Chicago Sun-Times, The Los Angeles Times, Fiscal Times, Entertainment Weekly, Huffington Post, and other outlets. He has also served as a marketing writer for Chicago-based Questar Entertainment and distributor Baker & Taylor.
A graduate of the University of Southern California, he is married with a college-age son. He also writes extensively about entertainment.