Information contained on this page is provided by an independent third-party content provider. Frankly and this Site make no warranties or representations in connection therewith. If you are affiliated with this page and would like it removed please contact email@example.com
ATLANTA, May 17, 2018 /PRNewswire/ -- Millennials are more likely than older Americans to take a vacation this summer than last summer, based on their household finances, according to a new survey from Travelport (NYSE: TVPT), the leading Travel Commerce Platform. The 2018 Travelport U.S. Vacation Survey of approximately 1500 U.S. residents reveals Millennials (ages 18-34 years old) are most likely to spend more on their upcoming vacations than other age groups, with one out of three Millennials willing to spend $5000 or more on their vacations.
Overall, over one-third of Americans (38 percent) are more likely to take a vacation this summer compared to last summer. Millennials' optimism about taking vacations, however, is not fully shared by Americans aged 35 and up: More than half of Millennials (56 percent) plan to travel more this summer compared to summer 2017, in contrast to 35% of Gen X respondents (ages 35-54 years old) and 22 percent of Baby Boomers (ages 55+).
Millennials are as bullish about taking vacations in the year ahead as they are on their 2018 summer vacations. They plan to vacation more in the next 12 months compared to the 12 months prior, with 55 percent of Millennials planning to increase their vacation plans, in contrast to the more cautious future vacation planning of Gen X (31 percent) and Baby Boomers (20 percent). And 34% of Millennials plant to spend more than $5000 on upcoming vacations, the most of any other age group.
Other key findings in the survey include:
Erika Moore, Travelport's vice president and general manager for the United States, said, "Travelport's survey is good news for the U.S. travel industry, as Americans are cautiously optimistic about taking vacations this summer and next year. The key is offering consumers, regardless of their budgets, the best air, hotel and other vacation deals, which requires travel providers and travel sellers to deliver a personalized, seamless and stress-free experience at each step of the vacation journey."
Note to editors
Click here to view the full 2018 Travelport U.S. Vacation Survey.
About the survey/methodology
The research findings are based on a study conducted by Toluna, a certified member of the Market Research Foundation and a founding member of the Insights on Demand Consortium, using TolunaAnalytics, a web-based real-time data visualization and analytics tool. 1,515 U.S. residents ages 18 years and over, representing all 50 states, participated in the survey that occurred May 4-7, 2018.
About Travelport (www.travelport.com)
Travelport (NYSE: TVPT) is the technology company which makes the experience of selling, buying and managing travel continually better. It operates a travel commerce platform providing distribution, technology, payment and other solutions for the global travel and tourism industry. The company facilitates travel commerce by connecting the world's leading travel providers with online and offline travel buyers in a proprietary business-to-business (B2B) travel marketplace.
Travelport has a leadership position in airline merchandising, hotel content and distribution, car rental, mobile commerce and B2B payment solutions. The company also provides critical IT services to airlines, such as shopping, ticketing, departure control and other solutions. With net revenue of over $2.4 billion in 2017, Travelport is headquartered in Langley, UK, has approximately 4,000 staff and is represented in 180 countries and territories.
Travelport Media Contact:
©2017 PR Newswire. All Rights Reserved.