SlideShare una empresa de Scribd logo
1 de 75
Descargar para leer sin conexión
Resonance Consultancy is a leading
advisor on real estate, tourism and
economic development for countries, cities
and communities around the world.
ABOUT US
Chris Fair, President
cfair@resonanceco.com
RESONANCECO.COM
Vancouver | New York
ABOUT US
@resonanceco, @crfair
@resonanceco
@resonanceco
AGENDA
01 METHODOLOGY
02 MILLENOMICS
03 WHO IS THE MILLENNIAL TRAVELER?
04 TYPES OF VACATIONS
05 THE MILLENNIAL MINDSET
06 KEY DECISION FACTORS
07 EXPERIENCES THAT MATTER
08 TYPE OF ACCOMMODATION
9 PATH TO PURCHASE
10 BEAUTIFUL DESTINATIONS
Our 2018 study focuses on Millennial
travelers that we define as U.S. residents
between the ages of 20 to 36 who’ve taken
an overnight vacation at least 75 miles from
home in the past 12 months.
METHODOLOGY
2. MILLENOMICS
MILLENOMICS
Millennials (age 20-36) surpassed Baby
Boomers in 2016 to become America’s largest
demographic cohort.
Millennial families—defined as married or
unmarried couples living together with
children aged 17 or under currently in the
household—make up 16 percent of all
American travelers, according to MMGY.
They went on a combined 36.9 million
vacations and spent $50.4 billion on leisure
travel during the past 12 months. They are the
driving force behind growth in travel this year.
3. WHO IS THE MILLENNIAL
TRAVELLER?
AGE
53% of Millennial travelers surveyed are
29 to 36 years old, while 47% are 20 to 28
years old.
INCOME
More than half of U.S. Millennial travelers
have household incomes between $50K
and $100K.
As of 2016, there were 1.9 million
households aged 24-35 with household
income of $35-$50k and 11.9 million with
income of $50k+.
MARITAL STATUS
More than 6 in 10 Millennial travelers are
married, while one third are single.
CHILDREN
More than half of Millennial travelers have
children under 18 years in the household.
4. TYPES OF VACATIONS:
A STUDY IN CONTRASTS
ALL MILLENNIALS
In the next 24 months, Millennial travelers
are most likely to take family vacations
with kids, visit beach resorts, take
vacations with friends, and visit major
cities.
TOGETHERING
Our research shows that Millennials aren’t
just traveling more than ever before; 44%
of them are traveling with kids in tow, too
and 40% are vacationing with friends.
SOLOISTS
1 in 4 of Millennials polled in our study
said they are likely to take a vacation on
their own in the next 24 months.
CITIES
According to the vacation preferences
revealed by our study, Millennial travelers
are almost as likely to visit a major
metropolitan city (38%) as they are to visit
a beach resort (40%) in the next 24 months.
City trips soared 98% between 2011 and
2016 to reach 26% of all holidays.
—World Travel Monitor®
CAMPING
in the next 24 months, 34% of Millennial
travelers plan to go camping. That number
is only a few percentage points shy of those
who plan to visit a major metropolitan city
(38%).
5. THE MILLENNIAL MINDSET
TYPES OF TRAVELERS
01 ALL-IN ENTHUSIASTS
02 FRUGAL FAMILIES
03 ACTIVE ADVENTURERS
04 SOPHISTICATED EXPLORERS
05 CONVENIENCE TRAVELERS
ALL-IN ENTHUSIASTS
They’re interested in taking most types of
vacations, and everything is important
when deciding on a destination. They’re
more likely to participate in most types of
activities, and they go on vacations for
many different reasons.
FRUGAL FAMILIES
They take fewer & shorter trips that are
close to home, and have a greater interest
in family vacations with kids and
multi-generational vacations compared to
other segments. They place greater
importance on safety, cost, and favorable
climate.
ACTIVE ADVENTURERS
Greater interest in participating in outdoor
sports & health/fitness activities. Less
interested in family or multi-generational
vacations. More likely to travel greater
distances to get to their destination.
SOPHISTICATED EXPLORERS
Take fewer vacations per year to further
destinations. More likely to enjoy
sightseeing, visiting cultural attractions &
learning new things. Do a lot of research
prior to vacation & feel that exploring new
cultures & traditions while on vacation is
important.
CONVENIENCE TRAVELERS
Take shorter, less frequent trips per year
that are close to home. English spoken is
important when choosing vacation
destination. Less likely to participate in all
vacation activities, except dining & fun
attractions.
WHAT TYPE OF TRAVELERS
ARE MILLENNIALS?
All-in Enthusiasts represent the majority of
Millennial travelers compared to only 25%
for all U.S. travelers.
6. KEY DECISION FACTORS IN
CHOOSING A VACATION
DESTINATION
ALL MILLENNIALS
The two most important decision factors
when Millennials choose a vacation
destination are safety and cost, followed by
English spoken and quality of natural
environment/scenery.
ALL-IN ENTHUSIASTS
Safety, opportunities to learn something
new and cost are the most important
decision factors when All-in Enthusiasts
choose a vacation destination.
ADVENTURERS
Cost, safety and the quality of the natural
environment are the most important
decision factors when Adventurers choose
a vacation destination.
FAMILIES
Safety, cost and English-speaking
destinations are the most important
decision factors when Families choose a
vacation destination.
7. EXPERIENCES THAT
MATTER
ALL MILLENNIALS
Dining, fun attractions, & sightseeing are
the top activities Millennial travelers enjoy
while on vacation, followed by learning
new things & shopping. Participating in a
once-in-a-lifetime activity & volunteering
are the most desired future activities.
ALL-IN ENTHUSIASTS
Dining, fun attractions, and learning new
things are the top activities All-in
Enthusiasts enjoy while on vacation.
ADVENTURERS
Dining, fun attractions, and sightseeing are
the top activities Active Adventurers enjoy
while on vacation.
FAMILIES
Dining, fun attractions, and sightseeing are
the top activities Families enjoy while on
vacation.
FUN ATTRACTIONS
Zoos 84%
Theme parks 82%
Aquariums 80%
Water parks 79%
Science centers 71%
Ferris wheel (e.g. London Eye) 61%
FUN ATTRACTIONS
Fly Over Canada
FlyOver Canada utilizes state-of-the-art
technology to give you the feeling of flight
on an exhilarating journey across Canada,
from east to west. Special effects, including
wind, mist and scents.
FlyOver Iceland is coming in 2019 to reveal
some of Iceland’s most awe-inspiring and
picturesque landscapes and destinations.
CULTURE
Local community events 70%
Going to see plays or musicals 64%
Music festivals 63%
Food & wine festivals 63%
Art festivals 56%
Comedy festivals 53%
Attending the symphony, opera or
ballet
51%
Film festivals 49%
Fashion shows 41%
CULTURE
Smorgasburg, Brooklyn
Smorgasburg is the largest weekly open-air
food market in America, attracting
20,000-30,000 people to Brooklyn each
weekend to eat from 100 local vendors.
LEARNING NEW THINGS
The Moth
The Moth hosts live storytelling events in
cities around the world, engaging both
locals and visitors. 602 events are planned
for 2018.
SHOPPING
Shopping malls 88%
Department stores 87%
Shops featuring locally made
goods
82%
Small boutiques 80%
Art galleries 63%
Luxury brands 56%
SHOPPING
Boxpark, London
Boxpark is the world’s first pop-up
mall—fusing the concepts of modern street
food and placing local and global brands side
by side to create a unique shopping and
dining destination. Boxpark stands proudly in
the heart of London’s Shoreditch to deliver a
community of local brands specializing in
fashion, arts, food and drinks.
After Shoreditch and Croydon, Boxpark is
coming to Wembley.
NATURE
Tentrr
Tentrr wants to take the hassle out of
camping. Launched in 2016, the app lets
users find and book upscale campsites on
private land. When guests arrive, they find
their hand-sewn canvas tent already set up,
so their vacation starts that much sooner.
NIGHTLIFE
Sofar Sounds
Sofar Sounds is reimagining the live event
experience through curated, intimate
performances.
Sofar Sounds is a community of thousands
of artists, hosts, fans, travelers and more,
putting on hundreds of secret, intimate
events per month, across more than 403
cities around the world.
OUTDOOR SPORTS
Swimming at a beach or resort pools 83%
Jogging 71%
Watersports 62%
Boating/sailing 62%
Hunting/fishing 60%
Cycling 60%
Tennis 55%
Skiing/snowboarding 55%
Mountain biking 52%
Horseback riding 52%
Scuba diving/snorkeling 51%
Golf 50%
Extreme sports 43%
OUTDOOR SPORTS
Epic Pass / Ikon Pass
The Epic Pass and the Ikon Pass offer
unlimited, unrestricted access to resorts
worldwide.
HEALTH
Working out 80%
Spa treatments 68%
Yoga 59%
Fitness classes 55%
Meditation 54%
Medical treatments 44%
Spin classes 42%
Weight loss programs 42%
HEALTH
Wanderlust Festivals
Wanderlust Festivals are all-out
celebrations of mindful living. In the midst
of some of the most breathtaking natural
settings imaginable, visitors are
surrounded by a dynamic family of
one-of-a-kind instructors, musicians,
speakers, chefs and fellow celebrants.
8. TYPE OF ACCOMMODATION
AIRBNB
More than half of Millennial travelers
regularly or occasionally use owner-direct
accommodation services.
PREFERENCES
The most preferred accommodation type
among U.S. Millennial travelers is a
full-service hotel/resort, followed by
staying with friends/family, and all
inclusive resorts. Roughly one-third prefer
upscale/luxury hotels/resorts, camping &
house/villa rentals.
HOTEL AMENITIES
The most desirable hotel amenities
include: free Internet access, privacy,
swimming pool, walking distance to
shopping/restaurants and proximity to
must-see attractions.
Free Internet/wifi access is clearly the most
desirable hotel amenity.
HOTEL AMENITIES
Other desirable hotel amenities include:
all-inclusive packages, followed by hotel
restaurant and access to public
transportation.
HOTEL AMENITIES
Less desirable hotel amenities include:
fitness center, kids’ program, concierge
service, valet parking and business center.
9. PATH TO PURCHASE
TRAVEL BOOKING METHOD
Online vacation bookings are the most
common booking methods among
Millennial travelers, with two-thirds
booking on travel websites & close to half
booking through specific
hotel/resort/airline websites.
USE OF TECHNOLOGY
On a daily basis, U.S. Millennial travelers
are most likely to text message, check
emails & visit websites to research things to
do during their vacation.
SOCIAL INFLUENCE
Online content and social media channels
are the most influential travel media
channels when deciding on a vacation
destination.
10. BEAUTIFUL DESTINATIONS
JEREMY JAUNCEY
MEDIA BRANDS
Instagram
Facebook Youtube
Snapchat
Website
ONLINE COMMUNITY
10.7M followers on Instagram
1.3M followers on Facebook
20 million daily users
MOBILE IS THE DOMINANT
PLATFORM IN TRAVEL MEDIA
VIDEO IS THE FUTURE
VISUAL CONTENT TARGETING
& TESTING
TARGET AUDIENCES
DIRECTLY INFLUENCE THE
TYPE OF CONTENT SHARED
ON MEDIA CHANNELS
UNIQUE CONTENT AND
STORYTELLING ARE KEY
INVEST IN VIDEO AND
DIVERSIFY YOUR CONTENT
SOCIAL MEDIA INSIGHTS
GUIDE OTHER MEDIA
CHANNELS AND CONTENT
BEAUTIFUL DESTINATIONS
Instagram
Facebook Youtube
Snapchat
Website
CONCLUSIONS
RESONANCE SERVICES
Consumer Segmentation Analysis
Competitive Identity Benchmarking
Brand Strategy
Destination Development Planning
Communications
Chris Fair, President
cfair@resonanceco.com
RESONANCECO.COM
Vancouver | New York
THANK YOU
@resonanceco, @crfair
@resonanceco
@resonanceco

Más contenido relacionado

La actualidad más candente

Analysis Communication Process in Mcdonalds
Analysis Communication Process in McdonaldsAnalysis Communication Process in Mcdonalds
Analysis Communication Process in Mcdonalds
ijtsrd
 
Introduction to marketing H&M essay print
Introduction to marketing H&M essay printIntroduction to marketing H&M essay print
Introduction to marketing H&M essay print
Aoki Sanchez
 
Quality Management ZARA
Quality Management ZARAQuality Management ZARA
Quality Management ZARA
pangarso_adi
 

La actualidad más candente (20)

Sainsbury's
Sainsbury's Sainsbury's
Sainsbury's
 
Brand management
Brand managementBrand management
Brand management
 
David smith diamond foods final power point 4 23-14
David smith diamond foods final power point 4 23-14David smith diamond foods final power point 4 23-14
David smith diamond foods final power point 4 23-14
 
McDonalds ppt
McDonalds pptMcDonalds ppt
McDonalds ppt
 
Business plan
Business planBusiness plan
Business plan
 
Park health
Park healthPark health
Park health
 
Strategic management assignment
Strategic management assignmentStrategic management assignment
Strategic management assignment
 
retail mix and market segment reserch on UNISILVER
retail mix and market segment reserch on UNISILVERretail mix and market segment reserch on UNISILVER
retail mix and market segment reserch on UNISILVER
 
Analysis Communication Process in Mcdonalds
Analysis Communication Process in McdonaldsAnalysis Communication Process in Mcdonalds
Analysis Communication Process in Mcdonalds
 
Michael Kors Strategic Marketing Plan
Michael Kors Strategic Marketing PlanMichael Kors Strategic Marketing Plan
Michael Kors Strategic Marketing Plan
 
IKEA SWOT ANALYSIS
IKEA SWOT ANALYSISIKEA SWOT ANALYSIS
IKEA SWOT ANALYSIS
 
SUPPLY CHAIN MANAGMENT ON McDonald
SUPPLY CHAIN MANAGMENT ON McDonaldSUPPLY CHAIN MANAGMENT ON McDonald
SUPPLY CHAIN MANAGMENT ON McDonald
 
Facilities Operation & Management (McDonald's Overview)
Facilities Operation & Management (McDonald's Overview)Facilities Operation & Management (McDonald's Overview)
Facilities Operation & Management (McDonald's Overview)
 
ZARA and its marketing strategy
ZARA and its marketing strategyZARA and its marketing strategy
ZARA and its marketing strategy
 
Pandora
PandoraPandora
Pandora
 
Zara business model (mehdi karimi)
Zara business model (mehdi karimi)Zara business model (mehdi karimi)
Zara business model (mehdi karimi)
 
Supply chain management of mcdonalds
Supply chain management of mcdonaldsSupply chain management of mcdonalds
Supply chain management of mcdonalds
 
Introduction to marketing H&M essay print
Introduction to marketing H&M essay printIntroduction to marketing H&M essay print
Introduction to marketing H&M essay print
 
Nike Distribution system
Nike Distribution systemNike Distribution system
Nike Distribution system
 
Quality Management ZARA
Quality Management ZARAQuality Management ZARA
Quality Management ZARA
 

Similar a The Future of U.S. Millennial Travel

16162-RES-2016 Future of Luxury Travel-Web Pages Final-Revised
16162-RES-2016 Future of Luxury Travel-Web Pages Final-Revised16162-RES-2016 Future of Luxury Travel-Web Pages Final-Revised
16162-RES-2016 Future of Luxury Travel-Web Pages Final-Revised
Amy McDonald
 
16162-RES-2016 Future of Luxury Travel-Web Pages Final-Revised
16162-RES-2016 Future of Luxury Travel-Web Pages Final-Revised16162-RES-2016 Future of Luxury Travel-Web Pages Final-Revised
16162-RES-2016 Future of Luxury Travel-Web Pages Final-Revised
Amy McDonald
 
Countries with the highest quality of life
Countries with the highest quality of lifeCountries with the highest quality of life
Countries with the highest quality of life
Paul Scheider
 
2005 Cuban Tourism Presentation "Making up for lost time"
2005 Cuban Tourism Presentation "Making up for lost time"2005 Cuban Tourism Presentation "Making up for lost time"
2005 Cuban Tourism Presentation "Making up for lost time"
Ally Stoltz
 
Target market Analysis
Target market AnalysisTarget market Analysis
Target market Analysis
Tianyue Wang
 
KONCIERGE MEDIAKIT 2016
KONCIERGE MEDIAKIT 2016KONCIERGE MEDIAKIT 2016
KONCIERGE MEDIAKIT 2016
Craig Anthony
 
Koncierge_MediaKit_S16 (1)
Koncierge_MediaKit_S16 (1)Koncierge_MediaKit_S16 (1)
Koncierge_MediaKit_S16 (1)
Bronwyn Holm
 

Similar a The Future of U.S. Millennial Travel (20)

Marina Di Duca and Chris Greenwood
Marina Di Duca and Chris GreenwoodMarina Di Duca and Chris Greenwood
Marina Di Duca and Chris Greenwood
 
16162-RES-2016 Future of Luxury Travel-Web Pages Final-Revised
16162-RES-2016 Future of Luxury Travel-Web Pages Final-Revised16162-RES-2016 Future of Luxury Travel-Web Pages Final-Revised
16162-RES-2016 Future of Luxury Travel-Web Pages Final-Revised
 
16162-RES-2016 Future of Luxury Travel-Web Pages Final-Revised
16162-RES-2016 Future of Luxury Travel-Web Pages Final-Revised16162-RES-2016 Future of Luxury Travel-Web Pages Final-Revised
16162-RES-2016 Future of Luxury Travel-Web Pages Final-Revised
 
IL_20-25
IL_20-25IL_20-25
IL_20-25
 
2015 Portrait of the U.S. Retiree Traveler
2015 Portrait of the U.S. Retiree Traveler2015 Portrait of the U.S. Retiree Traveler
2015 Portrait of the U.S. Retiree Traveler
 
Uncommon Caribbean Overview Q4 2014
Uncommon Caribbean Overview Q4 2014Uncommon Caribbean Overview Q4 2014
Uncommon Caribbean Overview Q4 2014
 
Sustainable Tourism - Iceland Naturally Event | Williamsburg, VA | June 9, 2011
Sustainable Tourism - Iceland Naturally Event | Williamsburg, VA | June 9, 2011Sustainable Tourism - Iceland Naturally Event | Williamsburg, VA | June 9, 2011
Sustainable Tourism - Iceland Naturally Event | Williamsburg, VA | June 9, 2011
 
2014 Travel & Tourism Trends
2014 Travel & Tourism Trends2014 Travel & Tourism Trends
2014 Travel & Tourism Trends
 
Countries with the highest quality of life
Countries with the highest quality of lifeCountries with the highest quality of life
Countries with the highest quality of life
 
2005 Cuban Tourism Presentation "Making up for lost time"
2005 Cuban Tourism Presentation "Making up for lost time"2005 Cuban Tourism Presentation "Making up for lost time"
2005 Cuban Tourism Presentation "Making up for lost time"
 
Rare: Coronavirus data: Hospitality data for HOSPA
Rare: Coronavirus data: Hospitality data for HOSPARare: Coronavirus data: Hospitality data for HOSPA
Rare: Coronavirus data: Hospitality data for HOSPA
 
Tianguis Turistico 2014 Presentation: Mexico, Millennial and Luxury Travel
Tianguis Turistico 2014 Presentation: Mexico, Millennial and Luxury TravelTianguis Turistico 2014 Presentation: Mexico, Millennial and Luxury Travel
Tianguis Turistico 2014 Presentation: Mexico, Millennial and Luxury Travel
 
Sustainable Tourism Marketing
Sustainable Tourism MarketingSustainable Tourism Marketing
Sustainable Tourism Marketing
 
North Territory
North TerritoryNorth Territory
North Territory
 
TripAdvisor Tripbarometer Psychology of Travel APAC
TripAdvisor Tripbarometer Psychology of Travel APACTripAdvisor Tripbarometer Psychology of Travel APAC
TripAdvisor Tripbarometer Psychology of Travel APAC
 
Target market Analysis
Target market AnalysisTarget market Analysis
Target market Analysis
 
KONCIERGE MEDIAKIT 2016
KONCIERGE MEDIAKIT 2016KONCIERGE MEDIAKIT 2016
KONCIERGE MEDIAKIT 2016
 
Virtuoso Q12015 Trends
Virtuoso Q12015 TrendsVirtuoso Q12015 Trends
Virtuoso Q12015 Trends
 
Koncierge_MediaKit_S16 (1)
Koncierge_MediaKit_S16 (1)Koncierge_MediaKit_S16 (1)
Koncierge_MediaKit_S16 (1)
 
Australia outbound travel trends
Australia outbound travel trendsAustralia outbound travel trends
Australia outbound travel trends
 

Más de Chris Fair

The Brand of the City
The Brand of the CityThe Brand of the City
The Brand of the City
Chris Fair
 

Más de Chris Fair (12)

Why Everything You Know About the Future is Wrong
Why Everything You Know About the Future is WrongWhy Everything You Know About the Future is Wrong
Why Everything You Know About the Future is Wrong
 
Benchmarking Competitive Identity and Building Your Community's Brand
Benchmarking Competitive Identity and Building Your Community's BrandBenchmarking Competitive Identity and Building Your Community's Brand
Benchmarking Competitive Identity and Building Your Community's Brand
 
Rise of the city as a destination
Rise of the city as a destinationRise of the city as a destination
Rise of the city as a destination
 
The future of destination marketing & management
The future of destination marketing & managementThe future of destination marketing & management
The future of destination marketing & management
 
Institute of Place Management Place & Prosperity Presentation
Institute of Place Management Place & Prosperity PresentationInstitute of Place Management Place & Prosperity Presentation
Institute of Place Management Place & Prosperity Presentation
 
The future of destination marketing & management
The future of destination marketing & managementThe future of destination marketing & management
The future of destination marketing & management
 
Future of Destination Marketing Organizations
Future of Destination Marketing OrganizationsFuture of Destination Marketing Organizations
Future of Destination Marketing Organizations
 
The Future of B.C. Housing
The Future of B.C. HousingThe Future of B.C. Housing
The Future of B.C. Housing
 
The Brand of the City
The Brand of the CityThe Brand of the City
The Brand of the City
 
Resonance Recreational Real Estate Report
Resonance Recreational Real Estate ReportResonance Recreational Real Estate Report
Resonance Recreational Real Estate Report
 
2015 TOURISM & TRAVEL TRENDS REPORT
2015 TOURISM & TRAVEL TRENDS REPORT2015 TOURISM & TRAVEL TRENDS REPORT
2015 TOURISM & TRAVEL TRENDS REPORT
 
The Resonance Report 2013 Webinar
The Resonance Report 2013 WebinarThe Resonance Report 2013 Webinar
The Resonance Report 2013 Webinar
 

Último

Sample sample sample sample sample sample
Sample sample sample sample sample sampleSample sample sample sample sample sample
Sample sample sample sample sample sample
Casey Keith
 
Sample sample sample sample sample sample
Sample sample sample sample sample sampleSample sample sample sample sample sample
Sample sample sample sample sample sample
Casey Keith
 
💕📲09602870969💓Girl Escort Services Udaipur Call Girls in Chittorgarh Haldighati
💕📲09602870969💓Girl Escort Services Udaipur Call Girls in Chittorgarh Haldighati💕📲09602870969💓Girl Escort Services Udaipur Call Girls in Chittorgarh Haldighati
💕📲09602870969💓Girl Escort Services Udaipur Call Girls in Chittorgarh Haldighati
Apsara Of India
 

Último (20)

Genuine 8250077686 Hot and Beautiful 💕 Chennai Escorts call Girls
Genuine 8250077686 Hot and Beautiful 💕 Chennai Escorts call GirlsGenuine 8250077686 Hot and Beautiful 💕 Chennai Escorts call Girls
Genuine 8250077686 Hot and Beautiful 💕 Chennai Escorts call Girls
 
Ooty call girls 📞 8617697112 At Low Cost Cash Payment Booking
Ooty call girls 📞 8617697112 At Low Cost Cash Payment BookingOoty call girls 📞 8617697112 At Low Cost Cash Payment Booking
Ooty call girls 📞 8617697112 At Low Cost Cash Payment Booking
 
Top travel agency in panchkula - Best travel agents in panchkula
Top  travel agency in panchkula - Best travel agents in panchkulaTop  travel agency in panchkula - Best travel agents in panchkula
Top travel agency in panchkula - Best travel agents in panchkula
 
Sample sample sample sample sample sample
Sample sample sample sample sample sampleSample sample sample sample sample sample
Sample sample sample sample sample sample
 
❤Personal Contact Number Mcleodganj Call Girls 8617697112💦✅.
❤Personal Contact Number Mcleodganj Call Girls 8617697112💦✅.❤Personal Contact Number Mcleodganj Call Girls 8617697112💦✅.
❤Personal Contact Number Mcleodganj Call Girls 8617697112💦✅.
 
High Profile 🔝 8250077686 📞 Call Girls Service in Siri Fort🍑
High Profile 🔝 8250077686 📞 Call Girls Service in Siri Fort🍑High Profile 🔝 8250077686 📞 Call Girls Service in Siri Fort🍑
High Profile 🔝 8250077686 📞 Call Girls Service in Siri Fort🍑
 
2k Shots ≽ 9205541914 ≼ Call Girls In Tagore Garden (Delhi)
2k Shots ≽ 9205541914 ≼ Call Girls In Tagore Garden (Delhi)2k Shots ≽ 9205541914 ≼ Call Girls In Tagore Garden (Delhi)
2k Shots ≽ 9205541914 ≼ Call Girls In Tagore Garden (Delhi)
 
WhatsApp Chat: 📞 8617697112 Hire Call Girls Cooch Behar For a Sensual Sex Exp...
WhatsApp Chat: 📞 8617697112 Hire Call Girls Cooch Behar For a Sensual Sex Exp...WhatsApp Chat: 📞 8617697112 Hire Call Girls Cooch Behar For a Sensual Sex Exp...
WhatsApp Chat: 📞 8617697112 Hire Call Girls Cooch Behar For a Sensual Sex Exp...
 
❤Personal Contact Number Varanasi Call Girls 8617697112💦✅.
❤Personal Contact Number Varanasi Call Girls 8617697112💦✅.❤Personal Contact Number Varanasi Call Girls 8617697112💦✅.
❤Personal Contact Number Varanasi Call Girls 8617697112💦✅.
 
Sample sample sample sample sample sample
Sample sample sample sample sample sampleSample sample sample sample sample sample
Sample sample sample sample sample sample
 
ITALY - Visa Options for expats and digital nomads
ITALY - Visa Options for expats and digital nomadsITALY - Visa Options for expats and digital nomads
ITALY - Visa Options for expats and digital nomads
 
Kolkata Call Girls - 📞 8617697112 🔝 Top Class Call Girls Service Available
Kolkata Call Girls - 📞 8617697112 🔝 Top Class Call Girls Service AvailableKolkata Call Girls - 📞 8617697112 🔝 Top Class Call Girls Service Available
Kolkata Call Girls - 📞 8617697112 🔝 Top Class Call Girls Service Available
 
💕📲09602870969💓Girl Escort Services Udaipur Call Girls in Chittorgarh Haldighati
💕📲09602870969💓Girl Escort Services Udaipur Call Girls in Chittorgarh Haldighati💕📲09602870969💓Girl Escort Services Udaipur Call Girls in Chittorgarh Haldighati
💕📲09602870969💓Girl Escort Services Udaipur Call Girls in Chittorgarh Haldighati
 
Jhargram call girls 📞 8617697112 At Low Cost Cash Payment Booking
Jhargram call girls 📞 8617697112 At Low Cost Cash Payment BookingJhargram call girls 📞 8617697112 At Low Cost Cash Payment Booking
Jhargram call girls 📞 8617697112 At Low Cost Cash Payment Booking
 
Genuine 8250077686 Hot and Beautiful 💕 Visakhapatnam Escorts call Girls
Genuine 8250077686 Hot and Beautiful 💕 Visakhapatnam Escorts call GirlsGenuine 8250077686 Hot and Beautiful 💕 Visakhapatnam Escorts call Girls
Genuine 8250077686 Hot and Beautiful 💕 Visakhapatnam Escorts call Girls
 
Genuine 9332606886 Hot and Beautiful 💕 Bilaspur Escorts call Girls
Genuine 9332606886 Hot and Beautiful 💕 Bilaspur Escorts call GirlsGenuine 9332606886 Hot and Beautiful 💕 Bilaspur Escorts call Girls
Genuine 9332606886 Hot and Beautiful 💕 Bilaspur Escorts call Girls
 
Hire 💕 8617697112 Chamba Call Girls Service Call Girls Agency
Hire 💕 8617697112 Chamba Call Girls Service Call Girls AgencyHire 💕 8617697112 Chamba Call Girls Service Call Girls Agency
Hire 💕 8617697112 Chamba Call Girls Service Call Girls Agency
 
Kanpur Call Girls Service ☎ ️82500–77686 ☎️ Enjoy 24/7 Escort Service
Kanpur Call Girls Service ☎ ️82500–77686 ☎️ Enjoy 24/7 Escort ServiceKanpur Call Girls Service ☎ ️82500–77686 ☎️ Enjoy 24/7 Escort Service
Kanpur Call Girls Service ☎ ️82500–77686 ☎️ Enjoy 24/7 Escort Service
 
Genuine 8250077686 Hot and Beautiful 💕 Bhavnagar Escorts call Girls
Genuine 8250077686 Hot and Beautiful 💕 Bhavnagar Escorts call GirlsGenuine 8250077686 Hot and Beautiful 💕 Bhavnagar Escorts call Girls
Genuine 8250077686 Hot and Beautiful 💕 Bhavnagar Escorts call Girls
 
Night 7k to 12k Lahaul and Spiti Call Girls 👉👉 8617697112⭐⭐ 100% Genuine Esco...
Night 7k to 12k Lahaul and Spiti Call Girls 👉👉 8617697112⭐⭐ 100% Genuine Esco...Night 7k to 12k Lahaul and Spiti Call Girls 👉👉 8617697112⭐⭐ 100% Genuine Esco...
Night 7k to 12k Lahaul and Spiti Call Girls 👉👉 8617697112⭐⭐ 100% Genuine Esco...
 

The Future of U.S. Millennial Travel

  • 1.
  • 2. Resonance Consultancy is a leading advisor on real estate, tourism and economic development for countries, cities and communities around the world. ABOUT US
  • 3. Chris Fair, President cfair@resonanceco.com RESONANCECO.COM Vancouver | New York ABOUT US @resonanceco, @crfair @resonanceco @resonanceco
  • 4. AGENDA 01 METHODOLOGY 02 MILLENOMICS 03 WHO IS THE MILLENNIAL TRAVELER? 04 TYPES OF VACATIONS 05 THE MILLENNIAL MINDSET 06 KEY DECISION FACTORS 07 EXPERIENCES THAT MATTER 08 TYPE OF ACCOMMODATION 9 PATH TO PURCHASE 10 BEAUTIFUL DESTINATIONS
  • 5. Our 2018 study focuses on Millennial travelers that we define as U.S. residents between the ages of 20 to 36 who’ve taken an overnight vacation at least 75 miles from home in the past 12 months. METHODOLOGY
  • 7. MILLENOMICS Millennials (age 20-36) surpassed Baby Boomers in 2016 to become America’s largest demographic cohort. Millennial families—defined as married or unmarried couples living together with children aged 17 or under currently in the household—make up 16 percent of all American travelers, according to MMGY. They went on a combined 36.9 million vacations and spent $50.4 billion on leisure travel during the past 12 months. They are the driving force behind growth in travel this year.
  • 8. 3. WHO IS THE MILLENNIAL TRAVELLER?
  • 9. AGE 53% of Millennial travelers surveyed are 29 to 36 years old, while 47% are 20 to 28 years old.
  • 10. INCOME More than half of U.S. Millennial travelers have household incomes between $50K and $100K. As of 2016, there were 1.9 million households aged 24-35 with household income of $35-$50k and 11.9 million with income of $50k+.
  • 11. MARITAL STATUS More than 6 in 10 Millennial travelers are married, while one third are single.
  • 12. CHILDREN More than half of Millennial travelers have children under 18 years in the household.
  • 13. 4. TYPES OF VACATIONS: A STUDY IN CONTRASTS
  • 14. ALL MILLENNIALS In the next 24 months, Millennial travelers are most likely to take family vacations with kids, visit beach resorts, take vacations with friends, and visit major cities.
  • 15. TOGETHERING Our research shows that Millennials aren’t just traveling more than ever before; 44% of them are traveling with kids in tow, too and 40% are vacationing with friends.
  • 16. SOLOISTS 1 in 4 of Millennials polled in our study said they are likely to take a vacation on their own in the next 24 months.
  • 17. CITIES According to the vacation preferences revealed by our study, Millennial travelers are almost as likely to visit a major metropolitan city (38%) as they are to visit a beach resort (40%) in the next 24 months. City trips soared 98% between 2011 and 2016 to reach 26% of all holidays. —World Travel Monitor®
  • 18. CAMPING in the next 24 months, 34% of Millennial travelers plan to go camping. That number is only a few percentage points shy of those who plan to visit a major metropolitan city (38%).
  • 19. 5. THE MILLENNIAL MINDSET
  • 20. TYPES OF TRAVELERS 01 ALL-IN ENTHUSIASTS 02 FRUGAL FAMILIES 03 ACTIVE ADVENTURERS 04 SOPHISTICATED EXPLORERS 05 CONVENIENCE TRAVELERS
  • 21. ALL-IN ENTHUSIASTS They’re interested in taking most types of vacations, and everything is important when deciding on a destination. They’re more likely to participate in most types of activities, and they go on vacations for many different reasons.
  • 22. FRUGAL FAMILIES They take fewer & shorter trips that are close to home, and have a greater interest in family vacations with kids and multi-generational vacations compared to other segments. They place greater importance on safety, cost, and favorable climate.
  • 23. ACTIVE ADVENTURERS Greater interest in participating in outdoor sports & health/fitness activities. Less interested in family or multi-generational vacations. More likely to travel greater distances to get to their destination.
  • 24. SOPHISTICATED EXPLORERS Take fewer vacations per year to further destinations. More likely to enjoy sightseeing, visiting cultural attractions & learning new things. Do a lot of research prior to vacation & feel that exploring new cultures & traditions while on vacation is important.
  • 25. CONVENIENCE TRAVELERS Take shorter, less frequent trips per year that are close to home. English spoken is important when choosing vacation destination. Less likely to participate in all vacation activities, except dining & fun attractions.
  • 26. WHAT TYPE OF TRAVELERS ARE MILLENNIALS? All-in Enthusiasts represent the majority of Millennial travelers compared to only 25% for all U.S. travelers.
  • 27. 6. KEY DECISION FACTORS IN CHOOSING A VACATION DESTINATION
  • 28. ALL MILLENNIALS The two most important decision factors when Millennials choose a vacation destination are safety and cost, followed by English spoken and quality of natural environment/scenery.
  • 29. ALL-IN ENTHUSIASTS Safety, opportunities to learn something new and cost are the most important decision factors when All-in Enthusiasts choose a vacation destination.
  • 30. ADVENTURERS Cost, safety and the quality of the natural environment are the most important decision factors when Adventurers choose a vacation destination.
  • 31. FAMILIES Safety, cost and English-speaking destinations are the most important decision factors when Families choose a vacation destination.
  • 33. ALL MILLENNIALS Dining, fun attractions, & sightseeing are the top activities Millennial travelers enjoy while on vacation, followed by learning new things & shopping. Participating in a once-in-a-lifetime activity & volunteering are the most desired future activities.
  • 34. ALL-IN ENTHUSIASTS Dining, fun attractions, and learning new things are the top activities All-in Enthusiasts enjoy while on vacation.
  • 35. ADVENTURERS Dining, fun attractions, and sightseeing are the top activities Active Adventurers enjoy while on vacation.
  • 36. FAMILIES Dining, fun attractions, and sightseeing are the top activities Families enjoy while on vacation.
  • 37. FUN ATTRACTIONS Zoos 84% Theme parks 82% Aquariums 80% Water parks 79% Science centers 71% Ferris wheel (e.g. London Eye) 61%
  • 38. FUN ATTRACTIONS Fly Over Canada FlyOver Canada utilizes state-of-the-art technology to give you the feeling of flight on an exhilarating journey across Canada, from east to west. Special effects, including wind, mist and scents. FlyOver Iceland is coming in 2019 to reveal some of Iceland’s most awe-inspiring and picturesque landscapes and destinations.
  • 39. CULTURE Local community events 70% Going to see plays or musicals 64% Music festivals 63% Food & wine festivals 63% Art festivals 56% Comedy festivals 53% Attending the symphony, opera or ballet 51% Film festivals 49% Fashion shows 41%
  • 40. CULTURE Smorgasburg, Brooklyn Smorgasburg is the largest weekly open-air food market in America, attracting 20,000-30,000 people to Brooklyn each weekend to eat from 100 local vendors.
  • 41. LEARNING NEW THINGS The Moth The Moth hosts live storytelling events in cities around the world, engaging both locals and visitors. 602 events are planned for 2018.
  • 42. SHOPPING Shopping malls 88% Department stores 87% Shops featuring locally made goods 82% Small boutiques 80% Art galleries 63% Luxury brands 56%
  • 43. SHOPPING Boxpark, London Boxpark is the world’s first pop-up mall—fusing the concepts of modern street food and placing local and global brands side by side to create a unique shopping and dining destination. Boxpark stands proudly in the heart of London’s Shoreditch to deliver a community of local brands specializing in fashion, arts, food and drinks. After Shoreditch and Croydon, Boxpark is coming to Wembley.
  • 44. NATURE Tentrr Tentrr wants to take the hassle out of camping. Launched in 2016, the app lets users find and book upscale campsites on private land. When guests arrive, they find their hand-sewn canvas tent already set up, so their vacation starts that much sooner.
  • 45. NIGHTLIFE Sofar Sounds Sofar Sounds is reimagining the live event experience through curated, intimate performances. Sofar Sounds is a community of thousands of artists, hosts, fans, travelers and more, putting on hundreds of secret, intimate events per month, across more than 403 cities around the world.
  • 46. OUTDOOR SPORTS Swimming at a beach or resort pools 83% Jogging 71% Watersports 62% Boating/sailing 62% Hunting/fishing 60% Cycling 60% Tennis 55% Skiing/snowboarding 55% Mountain biking 52% Horseback riding 52% Scuba diving/snorkeling 51% Golf 50% Extreme sports 43%
  • 47. OUTDOOR SPORTS Epic Pass / Ikon Pass The Epic Pass and the Ikon Pass offer unlimited, unrestricted access to resorts worldwide.
  • 48. HEALTH Working out 80% Spa treatments 68% Yoga 59% Fitness classes 55% Meditation 54% Medical treatments 44% Spin classes 42% Weight loss programs 42%
  • 49. HEALTH Wanderlust Festivals Wanderlust Festivals are all-out celebrations of mindful living. In the midst of some of the most breathtaking natural settings imaginable, visitors are surrounded by a dynamic family of one-of-a-kind instructors, musicians, speakers, chefs and fellow celebrants.
  • 50. 8. TYPE OF ACCOMMODATION
  • 51. AIRBNB More than half of Millennial travelers regularly or occasionally use owner-direct accommodation services.
  • 52. PREFERENCES The most preferred accommodation type among U.S. Millennial travelers is a full-service hotel/resort, followed by staying with friends/family, and all inclusive resorts. Roughly one-third prefer upscale/luxury hotels/resorts, camping & house/villa rentals.
  • 53. HOTEL AMENITIES The most desirable hotel amenities include: free Internet access, privacy, swimming pool, walking distance to shopping/restaurants and proximity to must-see attractions. Free Internet/wifi access is clearly the most desirable hotel amenity.
  • 54. HOTEL AMENITIES Other desirable hotel amenities include: all-inclusive packages, followed by hotel restaurant and access to public transportation.
  • 55. HOTEL AMENITIES Less desirable hotel amenities include: fitness center, kids’ program, concierge service, valet parking and business center.
  • 56.
  • 57. 9. PATH TO PURCHASE
  • 58. TRAVEL BOOKING METHOD Online vacation bookings are the most common booking methods among Millennial travelers, with two-thirds booking on travel websites & close to half booking through specific hotel/resort/airline websites.
  • 59. USE OF TECHNOLOGY On a daily basis, U.S. Millennial travelers are most likely to text message, check emails & visit websites to research things to do during their vacation.
  • 60. SOCIAL INFLUENCE Online content and social media channels are the most influential travel media channels when deciding on a vacation destination.
  • 64. ONLINE COMMUNITY 10.7M followers on Instagram 1.3M followers on Facebook 20 million daily users
  • 65. MOBILE IS THE DOMINANT PLATFORM IN TRAVEL MEDIA
  • 66. VIDEO IS THE FUTURE
  • 68. TARGET AUDIENCES DIRECTLY INFLUENCE THE TYPE OF CONTENT SHARED ON MEDIA CHANNELS
  • 70. INVEST IN VIDEO AND DIVERSIFY YOUR CONTENT
  • 71. SOCIAL MEDIA INSIGHTS GUIDE OTHER MEDIA CHANNELS AND CONTENT
  • 74. RESONANCE SERVICES Consumer Segmentation Analysis Competitive Identity Benchmarking Brand Strategy Destination Development Planning Communications
  • 75. Chris Fair, President cfair@resonanceco.com RESONANCECO.COM Vancouver | New York THANK YOU @resonanceco, @crfair @resonanceco @resonanceco