Corporate Housing News

Situ – The Global Accommodation Agency – has published a white paper that uncovers stark differences in expectations, behaviors and preferences across four generational cohorts: Gen Z, Millennials, Gen X, and Baby Boomers.

The new report, ‘Mind the Gap: Generational analysis of the accommodation requirements and buying behaviors of today’s business travelers,’ unveils increasingly diverse accommodation choices and booking habits, as well as views on sustainability credentials and the need for in-room technology.

The findings also shed light on how much flexibility different generations require when booking accommodation, and whether business trips are seen as a ‘chore’, ‘perk’ – or a viable pathway to career progression.

Key insights include 30% of Millennials replying they wanted full flexibility when choosing where to stay. And when it comes to sustainability, just 41% of Gen X and 34% of Baby Boomers think this is important when selecting accommodation.

Other findings include Gen Z tracking towards non-hotel accommodation, including serviced apartments and short-term rentals, while just 21% of the cohort state they use company-approved booking tools.

The report also pinpoints how younger employees even express wanting to be able to live with their colleagues – demonstrating the challenges many businesses today face when managing a corporate travel program.

Phil Stapleton, Situ’s Founder and CEO, commented, “Exploring these generational differences – or ‘gaps’– is a vital and ongoing conversation for the corporate travel industry, which faces growing pressure to better understand and respond to the evolving needs of a multigenerational travelling workforce.

“The nuances around generational needs and preferences are yet another dimension for the buyers and suppliers of business travel services to consider, alongside priorities such as flexibility, tech, and duty of care.”

“An understanding of these different needs is yet another piece in the mosaic of how we understand the individual traveler and will help us to continue our mission to optimize traveler experience and prepare the industry for the years ahead.”

A comprehensive online survey was carried out in collaboration with the market research company YouGov, which investigated the behaviors and preferences of more than 550 business travelers.

In addition, a number of experienced professionals from the business travel sector were interviewed to augment the survey data and gain insight into the day-to-day realities of those working in business travel.

Overall the study points towards a desire for increased agency and personalization; values that are a response to both industry advancements and broader societal change. As a result, this latest research is designed to equip companies with new insights to better cater to the needs of their employees.

About Situ
Situ – The Global Accommodation Agency, has been a trusted partner in providing extended stay accommodation to companies and organizations worldwide since 2008.

We specialize in sourcing and booking accommodation tailored to our clients’ needs, ensuring a seamless experience by blending advanced technology with our dedicated hospitality team. Whether it’s a one-time booking or developing comprehensive global programs, our priority is to deliver commercial value while delivering a true sense of human hospitality to our clients, guests, and operators.

With a diverse global property portfolio spanning over 144 countries, our team and accommodation partners offer more than just a place to stay – they provide a welcoming sense of home, no matter where our clients find themselves on their journey, or what category of accommodation meets their needs.
www.staysitu.com