Gen Z spends about 25% of their budget on flights.Ĥ3%of Generation Z use OTAs to plan tripsand take an average of 29 days per year.Ħ2% of baby boomers will use all or most of their annual leave earned at work versus 77% of millennials.īoomers spend a whopping $157 billion on tripsevery year. Gen Z travellers want adventure, while millennials want comfort 83% of millennials said they prefer all-inclusive and other worry-free vacations and 70% stayed in a hotel on their last trip.ĩ0% of Gen Z say their international travel decisions are influenced by social media. Gen X travels the least, as a result of work and family commitments.Īmerican workers took 17.2 days of vacation in 2017.Īlready, there are 40% of millennials planning to take a trip with friends within the next year.Īround 35% of millennials stay in upscale and luxury resorts and hotels. Millennials make the most of their holiday - most taking an average of 35 days of vacation each year when the averageįollowed closely by Gen Z travellers, who travel 29 days each year. Millennial women are also 36 more likely to have at least a bachelor’s degree compared to their Silent generation predecessors. Millennial women between the age of 2136 are 7 more likely to earn at least a bachelor’s degree than men. Calling themselves 'flashpackers' they spend around about $3,500 per trip and $60 a day. There were 83.1 million millennials in 2019. The younger Gen Z’s and Millennials are the highest spenders when they travel. Gen Z will account for 40 percent of all consumers by. Those aged between 23 to 30 however, saw a decline of a similar percentage. we use cohort names rather than age groups, we are making a subliminal statement that we. Those travelling over the age of 30 showed the largest increase in numbers from 2007, going up from 10% to 17%.
These have a higher cost so finding the cheaper deals would be even more important. Conversely, millennials and Generation Z’s seek to visit new places as a means of relaxation with 83% millennials preferring all-inclusive and worry-free holidays.
It may also be that the elder population doesn’t desire to have as exotic and financially-draining holidays with over half choosing to travel domestically. Budget as an influence on travel-making decisions seems to decrease the higher the age, this may be due to more financial stability with career progression.
Vacations at all ages creates significant income towards the tourism industry, with baby boomers spending over $6,600 on their 2019 holidays and a third of millennials willing to spend $5000 or more on their travel a year. Perhaps surprisingly, the demographics reported to have the most vacations is millennials with 35 days per year, that’s 6 more days than their predecessor of Gen Z at 29 days! How do travel trends vary with age? The data shows significant differences in the booking habits of individuals depending on age. How Do Travel Trends do Travel Trends Differ Between Gen Z, Millennials, & Boomers? Discover Booking Habits, Spend & More!
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