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MILLENNIALSare SAVING for travelBIG EXPERIENCES
MILLENNIALS65%are currently saving
money specifically for travel.
75%say they want to travel
abroad as much as possible.
SOME
OF
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MILLENNIALS are
looking for convenience
when booking travel. Eighty percent of millennials
find booking air travel and hotel on a single website, an online
travel agency (OTA), to be helpful.
WHEREGENERATION GOING?Millennials are nearly as likely to visit a major metropolitan city,39 percent, as they are to visit a beach resort,40 percent.
39% METRO CITY40% BEACH RESORT
IS THIS
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2018domestic DESTINATIONSTOP
ORLANDO CH
ICAGOATLANTA
LAS VEGASMillennials
also want input on their travel spot before booking.
1 4IN MILLENNIALSHAS POSTED A POTENTIAL TRIP ON TO GET THE OPINION OF FAMILY AND FRIENDS.
SOCIAL MEDIA
2018internationaldestinationTOP
EUROPE
SOLO TRAVEL STYLE
A quarter of millennials say
they like traveling alone.
IS THE NEW
budgetis a top concern,with many preferring low-cost carriers.
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60%PAY FOR IN-FLIGHT
services.ancillary FEES,
10% of totalairline revenues.
OF MILLENNIALS
such as in-flight wifi and baggage fees, account for
Sources: Expedia, GenHQ.com, travelpulse.com, Resonance Consultancy, Priceline.com, Idea Works
U.S. Global Investorswww.usfunds.com
The growing number of millennial travelers,coupled with a rise in non-ticket fees, could be positive for airline carriers. Curious about other global market trends?Sign up for our FREE Investor Alert newsletter by clicking here!