The way travel is being done is changing thanks to two things; who is traveling and how.
According to an Inc. Travel article written by Yasmin Gagné travel for business is changing thanks to more women and Millennials traveling as well as how they’re spending their money.
Gagné writes how women now make up almost half of all business travel and, while doing so, go about their business a slightly different way from their male counterparts. First, they are usually younger and also tend to value more information about what to do and expect in their destinations.
Millennials now make up a huge portion of the people who travel as “the most frequent travelers are now just as likely to be under 45 as over.” According to Upside co-founder Jon Ellenthal, by 2020, more than 50 percent of business travelers will be classified as Millennials.
The way that these newer flyers spend their money is also changing the way business travel is being done. Nowadays, people will simply ask their employers for a budget and then they will decide how to spend it, as well as extending their stay so they can have time for some leisure while they’re away. This means that travelers are now more able to personalize their experience while on their trip.
How Travel is Changing Because of Millennials
Millennials are changing the way travel is being done, not just for business, but for travel in general because of our tendency to invest more time and money into travel.
According to an article in The Atlantic written by Amanda Machado, Millennials are investing more in travel and live experiences than in material goods, changing the way people travel.
Millennials are changing the way international travel is being done because––when we do travel––we tend to invest in longer, more meaningful experiences instead of short bursts of luxury. Instead of spending thousands of dollars on a five star hotels in major cities, our tendency is to invest in roaming in hostels, going to more remote locations, and backpacking.
Our generation is often labeled as a “miserable” and “broke” generation, as well as being “recession battered” and “disillusioned.” Millennials are also made fun of by older generations as being entitled and “discontent” for traveling so much and not putting down roots. However, because house prices keep rising, more often than not Millennials will invest more in traveling and in live experiences.
With easy access to social media and services like Airbnb, Couchsurfing, Skyscanner, and Lonely Planet message boards, travelers are more connected than ever and able to save more money because of cheaper alternatives.
Machado mentions how she invested in her traveling because it made more sense than saving for a future that was “in no way guaranteed.”
Because we live in uncertain futures, it is all too likely that we’re more willing to save for experiences that we know will benefit us in the immediate future.
We know that traveling will allow us to be exposed to different lifestyles and cultures and therefore be more tolerant, charitable and rational.
Last semester I saw a poster hanging in one of my classrooms. I remember that it sent a message of encouragement to students to study abroad because it may be the only time we would ever get the chance to see a piece of the rest of the world before life came and took away that chance. A grim message, but an all too real one.
However, I remain hopeful that because we are causing such an impact––not only on the way that travel is being done––but the way that travel is thought of, there will be more of it. For all of us.