Expected Increase In Millennials Traveling To Boost Hospitality In 2015

Expected Increase In Millennials Traveling To Boost Hospitality In 2015

Millennials will travel more than their older counterparts in 2015, according to Hotwire’s 2014 American Travel Behavior Survey.

More than any other age group, approximately one-third of Millennials intend on traveling more in 2015. Those aged 18-34 are more likely than their older counterparts to take one or two large vacations in 2015 (35 percent versus 23 percent of those ages 45-54) and intend to be more deal conscious when booking travel in 2015 (24 percent versus 16 percent of those ages 65-plus). Younger adults ages 18-34 (70 percent) are more likely to have any money in their travel budget each year than those ages 45-plus (55 percent). "Millennial travelers are impacting the travel industry in a big way, particularly given their overall excitement and interest in taking more trips," says Henrik Kjellberg, president of the Hotwire Group - See more at: http://www.hospitalitydesign.com/news/business/Millennials-Predicted-to…