The Impact of Millennials on Corporate Travel and Expense

Within the past year, millennials (born 1981-1997) surpassed baby boomers (born 1946-1964) as the largest living generation in the U.S. and make up the largest share of employees in the American workforce, according to Pew Research. This generation, totaling more than 75 million people, has changed how organizations recruit, retain and use their workforces, but to date, there has been little information about what millennials actually spend on corporate travel and expenses. To gain more insight, Concur analyzed $36 billion in dining, entertainment and hotel expenses processed via Concur Technologies between Q1 2015 and Q1 2017, broken down by general age brackets: 22-35 (millennials), 36-49 (Gen X) and 50-65 (baby boomers).Click here to look at what they uncovered.