Travel now, compensate later: Millennials are going into debt for vacation.

AUSTIN, Texas, May 14, 2019 /PRNewswire/ – Vrbo® currently suggested commentary from a consult of American travelers conducted by Ipsos, that showed a theatre of life we’re in significantly impacts a reasons we travel, what we’ll scapegoat to get away, and what we demeanour for when we get there. To wit, Vrbo found that millennials won’t put off traveling, even if they can’t means it.    

“Forget what we suspicion about millennials roving on a shoestring,” pronounced Karen Fuller, comparison executive of tellurian marketplace investigate during Vrbo. “Our formula suggested that they are indeed a many expected to go into debt for travel, that is unchanging with a idea that millennials like to amass experiences, not things.”

The full news on Vrbo’s US Traveler Survey is accessible here: https://www.vrbo.com/vacation-ideas/travel-trends/vrbo-traveler-survey-2019.

Key commentary include:

  • Dream Destinations Among all consult respondents, Australia was a tip dream destination. However, a nation was usually a 18th-most-visited end by American travelers in 2018, according to Expedia data. The inconsistency between dream and existence signals that barriers of time and income are a determining factors for either Americans will take a dream vacation. This binds loyal for any age organisation solely millennials, who are a organisation many expected to go into debt for transport (37%) compared to Gen Xers (27%) and baby boomers (15%).

  • Why We Travel
     
    • Millennials: 45% pronounced they’ll transport quite for scrutiny in 2019.

    • Gen Xers: 20% of 35-to-54-year-olds pronounced they’ll transport for a special arise in 2019. Of those, 44% pronounced a special arise is a miracle event, such as an anniversary or a birthday.

    • Baby boomers: a slightest expected organisation to be roving for a hobby or activity, like surfing, hiking, or skiing (6%), a 17% disproportion from millennials.
       
  • Preferences and Amenities Internet/WiFi entrance is a single-most critical accommodation amenity for American travelers of all ages, outranking normal must-haves like TV and air-conditioning. WiFi is so critical that 75% pronounced they’ll find camp with Internet/WiFi access, while usually 59% pronounced they design an accommodation to have a TV. For millennials, a opening was most wider than for any other age group: 72% pronounced they wish online access, and 41% pronounced carrying a TV was important.

  • Friends and Family Travel American travelers are joined by a common enterprise to transport with friends and family and to relax when traveling. All 3 age groups saw an boost in travelers who pronounced they’ll transport with a organisation of 4 or some-more this year compared with final year, adult 2%, and 52% pronounced a family vacation is their reason for transport this year.

Survey Methodology Vrbo’s 2019 US Traveler Survey was conducted in the United States by Ipsos on interest of Vrbo between Jan 10-14, 2019, among 1,067 US adults who have trafficked for convenience in 2018 and devise on roving for convenience in 2019.

Expedia Methodology 2018 Traveler camp direct information from Expedia.com.

Media Contact

Francesca Faris
media@vrbo.com 

About Vrbo

In 1995, Vrbo introduced a new approach for people to transport together, pairing homeowners with families and friends looking for places to stay. We were grounded in one purpose: To give people a space they need to dump a distractions of bland life and simply be together. Since then, we’ve grown into a tellurian village of homeowners and travelers, with singular properties in 190 countries around a world. Vrbo creates it easy and fun to book cabins, condos, beach houses and any kind of space in between.

Vrbo is partial of Expedia Group and offers homeowners and skill managers bearing to over 750 million visits to Expedia Group sites any month. To learn more, revisit www.vrbo.com.

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