I promise to get to the third and final installment of our Australia trip soon, but very quickly I wanted to throw up a post about a new study just released that found out a whole ton of information pertaining to Millennials and their travel habits.
Some bullet points:
- 37% of Millennials said they would spend more of their company’s money on room service, compared with 21% of those between the ages of 46 and 65.
- 42% of Millennials said they would spring for a fancy meal on their company’s dime while traveling, compared to 26% of their older peers.
- More Millennials than older respondents said they were likely to spend company money on a flight upgrade to business or first class and on alcohol.
- More Millennials travel for business and pleasure than travelers from 31 to 45.
- 26% of younger travelers said they had posted a negative travel review in the last year, compared with 14% of their older peers, while eight in 10 Millennials find travel reviews to be “very important” or “somewhat important” when they book their travel.
Intrigue. While I’m definitely not disputing the claim that Millennials tend to travel more frequently than older generations, I do have to wonder how honest the older respondents were in answering the questions pertaining to spending on their company’s dimes. In my own personal experience, if anything there’s way less company money to be spent on travel now than there ever was before. I happen to have one friend in particular who travels multiple times internationally every year for her job — and never once has she been offered (or taken it upon herself to get) an upgrade to business or first class.
One thing I absolutely agree with, though, is the part about reviews being very important when it comes to booking my own travel. I honestly can’t remember the last time we booked a hotel or tour without first checking out the reviews.
Actually I can — the Toilet of the Sea Cruise.
You only need to make that mistake once before you start living by TripAdvisor!
What do you guys think — do Millennials take advantage of company money when it comes to travel?