New research suggests millennials are the most cost-conscious travellers

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New research suggests millennials are the most cost-conscious travellers

New research conducted by Carlson Wagonlit Travel suggests that millennials are the most cost-conscious travellers.

CWT Solutions Group – the consulting division of Carlson Wagonlit Travel – conducted research that says millennials saved an average of 22% more than baby boomers, and 17% more than generation X on the average flight ticket.

Millennials are the generation born between 1980 and 1995, and they are set to become the largest group of travellers in the average company by 2024. Baby boomers are the generation born between 1946-1965, while generation X is between 1966-1979.

CWT’s research says that millennials make an average of 3.3 business trips a year, and travels for an average of 3.22 days per trip, almost half a day longer than the average of all travellers.

They suggest that millennials are more cost-conscious because they entered the labour market immediately after the economic crisis.

The research also shows that millennials are the generation who fear most for their security while travelling. 29% of millennials have cancelled a business trip due to security concerns, compared with only 12% for baby boomers and 20% for generation X.