Good news for the new generation of graduates as today Hostelworld, the leading global online booking platform for hostels, reveals students who have been travelling are accelerating up the career and property ladder quicker than those who haven’t been travelling.
The study which looked into how travelling impacts your life post-university has found that students may be better off postponing entering the so-called ‘real world’ in favour of exploring. University students who go travelling end up earning more, with 19% of university travellers earning more than £40k, compared to just 8% of those who haven’t been travelling.
Despite millennials being dubbed “Generation Rent”, short-term rental contracts (6-12 months) mean many still long for the security that home ownership can deliver. In addition to increased earning potential, the findings showed that university students who have been travelling are also more likely to own their own homes by the time they’re 30, with 67% of student travellers owning their own home before 30 compared with 54% of students who haven’t been travelling.
Bringing music to the ears of students looking for an excuse to travel the world the results, based on a survey of 2,000 people, indicate that indulging in wanderlust can provide valuable life lessons, which can in turn help them to achieve future milestones.
Student travellers reported travelling taught them life lessons such as social skills (39%), budgeting (35%), self-organisation (30%) and the appreciation of other cultures (34%). While soft skills are all-too-often overlooked in the workplace, the results show that travelling can be instrumental in developing these skills, which can in turn accelerate post-university achievements.
Famously happy to share stories of escapades from their ‘gap yah’, student travellers attributed a boost in confidence to their travels. Only 44% of travellers said they had the confidence to introduce themselves to new people before travelling but this increased to 59% once they had returned from their travels.
Commenting on the findings, Head of Customer Experience at Hostelworld, Cathy Thomson, said: “Travelling is and always will be a great way to push you out of your comfort zone. Whether that is in a hostel meeting lots of different people, or having to navigate yourself in a country where you don’t speak the language, travelling is a great way to learn something new about yourself, as well as the world around you. But who knew exploring the world could also have such a valuable impact on your career and progression up the property ladder?
“Whether you’re just starting your university life or if you’ve just graduated, the lessons you learn and experiences you encounter on your travels can help set you up for life after the student routine. In fact, 97% of the people we surveyed say that they think travelling is a good way to learn important life lessons.
“I urge students and non-students alike to indulge in their wanderlust; you never know what opportunities lie ahead and what doors it could open!”
· Students who have been travelling are twice as likely to earn more than £40,000 per year by the time they are 30 than those who haven’t
· 67% of student travellers own their own home before they’re 30 compared to 54% of students who haven’t been travelling
· 97% of student travellers claimed travelling is a way to boost important life lessons which have helped them achieve future life milestones
For more information, please click www.hostelworld.com