Concur Data: Analyzing Millennial Corporate Travel Spending Habits
Concur analyzed $36 billion in travel expenses processed between Q1 2015 and Q1 2017, revealing spending differences between millennials (ages 22-35) and older employees (ages 36-65). The data shows that older employees' total expenses per employee are 66% higher than millennials', but millennials spend slightly more on hotel-related expenses. The article also explores industry and regional differences and suggests companies adapt travel policies to meet millennials' demand for a seamless experience.