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.
Impact and considerations
Understanding the travel spending patterns of different generations helps companies develop more precise and fair travel policies and optimize budget allocation. As millennials become the largest workforce segment, companies need to address their preference for digital experiences to improve policy compliance and empl…
Key points
- Concur analyzed $36 billion in travel expenses processed between Q1 2015 and Q1 2017.
- Employees aged 36-65 have total expenses per employee 66% higher than millennials, averaging $8,596 vs. $5,188.
- Millennials spend 18% less per transaction on dining and entertainment than older employees, but 3% more on hotel-related expenses.
- Employees in financial services and public services industries spend more per business travel transaction than other industries.
Sources and time
- Primary source
- SAP Concur
- Other sources
- 0
- First source publication
- 29 Jun 2022, 19:47
- Page published
- 14 Aug 2026, 08:35
- Last updated
- 29 Jun 2022, 19:47
- Original links
- SAP Concur Blog：The impact of millennials on corporate travel and expense – and why it may surprise you (opens in a new tab)Primary source · en · Published 29 Jun 2022, 19:47