A recent survey conducted by American Express Global Business Travel has revealed that younger travelers are more concerned about the risks associated with business trips than their older counterparts. The study found that while business travel has resumed in many parts of the world, younger travelers are hesitant to take on the added risks that come with it. In this article, we will explore the reasons behind this trend and what it means for businesses.
The Survey Results
According to the survey, travelers aged 18-34 were significantly more worried about the risks of business travel than those aged 35 and older. Specifically, 64% of younger travelers expressed concern about the risks of business travel, compared to just 51% of older travelers.
The study also found that younger travelers were more likely to cancel or postpone their travel plans due to concerns about their health and safety. Nearly half of younger travelers (47%) reported that they had already postponed or canceled a business trip, compared to just 34% of older travelers.
Reasons for Younger Travellers’ Concerns
There are several reasons why younger travelers may be more concerned about the risks of business travel. One factor is the ongoing pandemic, which has made travel more dangerous and unpredictable. Younger people may also be more aware of the risks associated with travel due to their greater use of social media and other online platforms.
Another factor is the changing attitudes towards work and life balance. Younger travelers are more likely to prioritize their personal wellbeing over work obligations, and may be less willing to take on additional risks in the name of their careers.
What This Means for Businesses
The survey results have significant implications for businesses that rely on business travel. To attract and retain younger workers, companies may need to offer more flexible work arrangements, including the option to work remotely. They may also need to take additional steps to ensure the safety and wellbeing of their employees while traveling, such as providing health and safety training, offering travel insurance, and providing access to medical assistance.
Businesses may also need to be more willing to accommodate changes to travel plans, including cancellations and postponements. By doing so, they can help alleviate some of the concerns of younger travelers and show that they value their employees’ wellbeing.
The survey results suggest that younger travelers are more concerned about the risks of business travel than their older counterparts. This trend is likely to have significant implications for businesses that rely on business travel. To attract and retain younger workers, companies may need to offer more flexible work arrangements and take additional steps to ensure the safety and wellbeing of their employees while traveling. By doing so, they can help alleviate the concerns of younger travelers and create a more supportive and responsive work environment.