08/23/2017

Report Finds Millennial Business Travelers Are Thrifty

They spend less on dining and entertainment but more on accommodations

A report from Concur, a business travel management firm, finds that while younger employees might have slightly higher hotel expenses, this is offset by far lower amounts spent on dining and entertainment overall—a trend that holds up globally.

If you think younger business travelers have a tendency to be more frivolous with their business travel spending, you might be surprised by what Concur has to say.

The travel management firm has some new data out that suggests that conventional thinking on this issue might be way off base. The company—which analyzed $36 billion in dining, entertainment and hotel expenses over more than two years—notes that 80 percent of these transactions come from employees between ages 36 and 65, with average expenses per employee in that age range totaling $8,596, compared to $5,188 per employee for those ages 22 to 35.

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