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  • Yolo.

  • That's what millennials are thinking when they book their vacation, make that multiple vacations.

  • This generation is known for their desire to travel.

  • And that fact doesn't seem to be changing anytime soon.

  • Hi I'm Taryn.

  • And today we'll show you why millenials are the generation driving growth in the travel industry.

  • A new travel report says young people ages 18 to 34 are most likely to spend more money on vacations than any other age group.

  • But what does that actually mean?

  • Break it down, one out of three Millennials are willing to dish out $5,000 or more on vacation.

  • That's the most cash any other age group.

  • And Gen Z seems to be following that same path.

  • An Expedia poll shows Millennials travel the most.

  • 35 Days each year to be exact.

  • But gen Z isn't far behind.

  • They take 29 days vacation each year.

  • And when it comes to planning out those travel plans, this part's not surprising.

  • Gen Z's are heavily influenced by social media according to the poll.

  • Almost 90% say their planning and inspiration comes from social networks like Facebook, Instagram and snapchat.

  • But where's the money going exactly?

  • Gen Z spent about 25 percent of their budget on flights.

  • That's the most of any other age group.

  • They also spend less on hotels than other generations and are more likely to consider alternative places to stay.

  • Then there's Gen X with other priorities, like you know family and work.

  • They're the most travel deprived with only 26 vacation days per year.

  • But with the most Americans ever holding passports in 2017, we could see even more people getting in on the travel trend.

Yolo.

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A2 US gen travel millennials age group vacation poll

Why Millennials Travel More Than Other Generations

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    April Lu posted on 2019/04/08
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