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Need someone to fly across the country for a meeting, trade show, or expo? Look no further than to your organization’s Millennials. As shared by a recent GBTA survey on business traveler demographics and preferences, 45 percent of Millennials look to travel more for business, compared to just 26 percent of Boomers and 36 percent of Generation X.
Although the study points to many different theories, the simplest answer is that this generation has fewer obligations than older colleagues—making it an opportunity as opposed to a hassle.
Noting this, the technologically engaged Millennial still believes that no amount of technology can replace the value of face-to-face meetings, opting for in-person meetings over alternatives like video conferencing at a 57 percent clip.
One caveat, however, is that the Millennial business traveler is less likely to float expenses on his or her personal card, with 53 percent satisfied using personal cards compared to 62 percent of their older peers.
So, if you choose to send your Millennials out to the next trade show, what will they want from the travel experience?
“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,” said Michael, W. McCormick, GBTA Executive Director and COO. “Over the last quarter, business travelers across the board – Millennials, Gen Xers and Baby Boomers – reported that their goals were met on business trips, leading to greater satisfaction.”
For more information about Millennials and business travel, read through the following resources to learn more:
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Subscribe to our Inside WEX blog and follow us on social media for the insider view on everything WEX, from payments innovation to what it means to be a WEXer.
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