The younger Gen Z’s and Millennials are the highest spenders when they travel. Calling themselves 'flashpackers' they spend around about $3,500 per trip and $60 a day. Millennials make the most of their holiday - most taking an average of 35 days of vacation each year when the average
Full Answer
Those travelling over the age of 30 showed the largest increase in numbers from 2007, going up from 10% to 17%. Those aged between 23 to 30 however, saw a decline of a similar percentage. The younger Gen Z’s and Millennials are the highest spenders when they travel.
What age group travels the most? Millennials between 23-38 seem to be the age group that travels the most with an average of 35 vacation days a year. This may be more than their younger alternatives of Gen Z’s (7-22) at 29 days as they may have more financial stability and would not have to juggle travelling with their education or with parents.
43% of Generation Z use OTAs to plan trips and take an average of 29 days per year. 62% of baby boomers will use all or most of their annual leave earned at work versus 77% of millennials. Boomers spend a whopping $157 billion on trips every year. Which age group spends the most on leisure travel in the United States?
Out of all of the age groups, Millennials are the most studied in terms of travel trends. Most commonly, Millennials are looked at in terms of their spending habit, but they are studied for other reasons as well. For example, Millennial travel has increased by nearly 10% over the last decade.
Instead of simply comparing age groups to one another, it may be helpful to look at each age group individually and then compare them. We will take a look at each age group, going from the youngest to the oldest.
Now that we have looked at each age group individually, let’s take a moment to compare the statistics to each other.
What Age Groups Travel The Most? If we are looking at the age group alone, those aged between 23 and 38 traveled the most.
Which generation travels the most? Out of the age groups we looked at, Millennials travel the most. On average, they have 35 vacation days a year, which is nearly ten days more than Generation X, which has the fewest number of average vacation days.
The relationship between age and tourism is being hotly studied right now. At the moment, there seems to be a big shift in terms of what attracts tourists.
How Old Are Millennials? The boundary for Millennials is actually a bit blurry. Millennials, sometimes called Generation Y, were born between the years of 1981 and 1994 or 1996. This would make them between 25 to 40 years old on average.
It is difficult to estimate exactly how many people travel a year because every country has different measures for this.
57% of baby boomers travel to visit family and friends. Millennials are 13% more likely to visit a destination with cultural or historical significance compared to the general population. 47% of millennials and 40% of Gen Z vacation to relax and avoid stress. 45% of millennials travel to learn more about themselves.
Millennials have an average of 35 vacation days a year. Generation X has an average of 26 vacation days per year. Boomers between 55-75 have an average of 27 vacation days a year. Generation X accounts for one out of every three leisure travellers and will average between three and four trips this year.
43% of Gen Xers travel by car. 40% of millennials will take a vacation with their friends in the next year. 62% of millennial parents are vacationing with kids under the age of 5. Roughly 35% of millennials prefer upscale and luxury hotels/resorts. 96% of millennials are likely to travel solo.
19% of millennials have been or are likely to go on a cruise, compared with 9% of Gen X and 41% of the older baby boomer population. 30% of boomers take a cruise for their vacation. 38% of millennials are likely to visit a major metropolitan city in the next year.
7% of millennials, 3% of Gen Xers and 6% of boomers expect to visit only international destinations. France, Italy, Spain, and Portugal are the most attractive destinations for Brits over the age of 65.
Vacationing millennials spend, on average, $1,373 on summer vacations. Gen X spent an average of $2,628 on summer vacations. Millennials are the most likely to go into debt for travel. A third of millennials are willing to spend $5000 or more on vacation. Those aged 55-75 planned to spend $6000+ on vacations in 2018.
The city most young travellers wanted to visit was Rio de Janeiro, followed by Tokyo, Sydney, Buenos Aires, and San Francisco. 51% of millennials, 46% of Gen Xers and 43% of boomers expect to visit both domestic and international destinations.