How millennials are changing business travel?

They’re digitally obsessed, adventurous, and down to do business like they do leisure.

They flew business class, were picked up by a car service at the airport, and taken to a hotel near where they’d be working for a few days. They packed suits. They were overwhelmingly male. In a time before worldwide digital interconnectivity, they were an elite subclass of businesspeople. They are the business traveler of yore; an archetype. It’s yet another trend disrupted by the millennial, that mysterious generation of upstarts typically grouped as those who fall in the 18-35 age group who get antsy when there isn’t a screen within reach. In 2015, a Pew Research Center study found that millennials make up one-third of the American workforce, the largest proportion. And a lot of those workers are traveling: a 2016 report from MMGY Global, a travel and hospitality marketing firm who polled 1,007 business travelers from across generations, found that millennials took an average of 7.7 business trips over a twelve-month period—more than their older counterparts, Generation Xers who were born between 1965 and 1979 (6.4 trips) and Baby Boomers, those born between 1946 and 1964, (6.3 trips). As hotels, airlines, and ride-sharing companies scramble to figure out what this new generation of tech-obsessed, sharing-economy-loving, frequent fliers want, a few key insights have started to emerge.

To keep up with a rhythm of daily life, people tend to stick to their habits—even when they’re on the road for business. So, considering the rise of the sharing economy (Uber, for example, completed a billion rides in its first six and a half years in business) it’s unsurprising that more and more people opt for ride-sharing services over taxis or rental cars on business trips. In all, three in ten respondents to MMGY Global’s survey used a service like Uber or Lyft while on a business trip, and millennials—those perennial early adopters who want everything one swipe away—lead the charge, with 81 percent of them preferring ride-sharing services to taxis, and 76 percent opting to hail a Lyft or Uber over expensing a rental car. The numbers for Xers and Boomers are in the low seventies for ride-sharing versus taxis, and 60 (Xers) and 54 percent (Boomers) for ride-sharing over rental cars.

The same trend can be seen developing around home-sharing services like Airbnb. Overall, just four in ten business travelers expressed interest in staying in a “shared accommodation,” like those offered via Airbnb, while on a business trip, but when the bracket is narrowed to just include millennials, that number goes up to seven in ten. The reasons are diverse, with 50 percent saying it was because they wanted the feeling of being in a home away from home, 42 percent attributing it to staying in an “unusual” place, and 41 percent wanting to stay with locals in their neighborhood. It’s a trend that extends beyond the workplace, too: The Hipmunk study found that 44 percent of millennials prefer Airbnb-style accommodations over hotels, with just 23 and 11 percent of Gen-Xers and Boomers feeling that way.

In the world of unfortunate 21st-century neologisms, ‘bleisure’ is overlord. It’s a combination of—you guessed it—business and leisure, and it describes the practice of tacking on a few days of vacation to a business trip, maybe inviting a friend or a loved one to join you, and taking advantage of the expensed round-trip flight. It’s not necessarily a new practice, but it is on the rise, and millennials love it—so get used to it.

Overall, extensions last between three and four days (although millennials are most likely to extend it up to a week) and; in six of every ten travelers, according to the same report, a business trip can serve as inspiration for a future leisure trip, too. After all, staying at a beautiful Airbnb in a funky neighborhood might make you want to come back more than if you’re at some bland chain spot with four conference rooms and nothing within walking distance but an office park. Mix business with pleasure anyone?

Check out my related posts:

Why do people travel?


Interesting reads:

https://skift.com/2016/10/27/millennials-are-now-the-most-frequent-business-travelers/

https://www.fastcompany.com/3053174/how-millennials-are-redefining-business-travel

https://flipboard.com/@flipboard/-what-millennials-can-teach-us-about-bus/f-65b7e57545%2Fcntraveler.com

https://www.sabre.com/insights/millennials-business-travel-wish-list/

https://www.amexglobalbusinesstravel.com/content/millennials-business-travel/

12 thoughts on “How millennials are changing business travel?

  1. Very interesting perspective- as a millennial myself, I love reading new things about what my generational cohort is doing.
    Perhaps it’s because my personality tends to align more closely to that of a Baby Boomer, but I have to say that not all of these traits describe me. But hey, we’re all different, and that’s a great thing.
    I will say that I definitely combine my business trips and leisure trips a little. While I always book my stays in company-preferred hotels and never extend my trips and turn them into vacations, I do split my working day between business and leisure. For example, I’ll take an early morning flight (before the sun’s even awake!) so that I can make some morning meetings for work, then I’ll spend the middle of my day at a comfortable restaurant somewhere so that I can kick back, get some coffee, and work on my blog. I’ll then go back to the office and do a few more meetings before making the trip home at the end of the day.
    On the contrary, my older colleagues would have never left the office, choosing instead to sit in a conference room on company property.
    Well written and well-researched, thank you for sharing.

    Liked by 1 person

    1. Hey Kelsey that’s the difference. Some people like to draw a line between work and family time. Millennials are able to do that balance and you gave a really good example for it. Maybe the lines have indeed blurred with all the different modes of communication. Thanks for the support. Keep your blog going as it serves as an inspiration for my articles too!

      Liked by 1 person

  2. Wonderfully written. I think a major piece at play is millennials try to maximize on all situations. Even if maximizing entails making the most of a work seminar by choosing which workshops speak well both to their job which sent them AND his or her side hustle they look to start soon. It is much the same reason why this generation has traveled abroad so much in college. It is the thinking of “Well if I have to study, and I can’t have a full-time job while doing so, I am going to make the most of it and experience a new place.”

    Like

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