Is the travel industry prepared for the influx of millennial corporate travellers?
According to recent travel patterns and statistics, corporate travel has developed since Covid-19. In terms of average travel cost and average travel frequency, there are no surprises. However, according to a media organization, the profile of tourists predominantly featured technology travellers (26 per cent), followed by healthcare travellers (10 per cent).
After a hard stretch during Covid-19, travel is progressively improving and is anticipated to see a 21 per cent boost in overall volumes, according to Reuters.
You’ll notice that the majority of your company’s technological workforce will be made up of millennials and GenZers (Mill-GenZ).
This implies that, according to Expedia, this is the same workforce that will be doing the most of the travelling among the 26 per cent of tech travellers in 2022. This represents a significant shift in how travel will be done in the future, as their expectations differ from those of prior traveller profiles.
When Mill-GenZ workers are compelled to travel for business, most experts predict they will consider the following factors:
- Combine work with pleasure.
- In terms of accommodations, it would be more experimental.
- Self-service is driven by OTAs (Online Travel Agencies).
- Travel policies that are friendly
- AI, VR, Metaverse, and Blockchain are all technology-driven.
- What am I getting out of it?
Because 43 per cent of passengers expect to travel less in the future as a result of many technological improvements, the travel industry has to invest more in rewarding travel for the Mill-GenZ labour force. Here are a few options for doing so:
- To accommodate more Bleisure excursions, more flexible travel regulations must be developed. To help with this transition, OTAs can provide Bleisure itineraries. OTAs may provide more home-like accommodations by acquiring tiny boutique hotels and secure and cost-effective house rentals. This will also…