NEW YORK, Feb. 20, 2018 /PRNewswire/ -- Quick—what comes to mind when you think of a Millennial traveler? Probably something clichéd, like a young couch-surfer checking off places on her bucket list, or a 30-something tacking on a few extra vacation days to a business trip to subsidize some much-needed adventure.
What probably doesn't come to mind is a young family of three or four visiting a faraway beach resort, exploring an Asian capital or checking into an all-inclusive hotel, strollers and pool toys weighing them down.
But with a bulk of travelers aged 20 to 36 today entering the realm of parenthood and making quality family time a top priority, that's exactly what's happening. Millennials aren't just traveling more than ever before: 44% of them are traveling with kids in tow. And those destinations that look past the Instagram-obsessed clichés can tap this ever-growing market.
Resonance Consultancy, a leading advisor in real estate, tourism, and economic development for countries, cities and communities, reveals this and many other insights in the new 2018 Future of Millennial Travel Report: A survey of America's fastest growing tourism demographic, a 70-page trend briefing released last month.
The report surveyed more than 1,500 active U.S. Millennial travelers finding that more than half (58%) of U.S. Millennials who traveled overnight last year have children under 18 years of age in the household.
"Once kids enter the picture, U.S. Millennial parents continue to travel," says Resonance Consultancy President Chris Fair. "In fact, our research shows that in the next two years, close to half of Millennial travelers plan to take family vacations. Family travel is the most popular type of vacation among this travel segment. Given that U.S. Millennials will spend $200 billion in 2018 alone, this is a massive opportunity for destinations and travel operators."
So where are these Millennials with children traveling to?
Resonance research shows that 41% of them are visiting beach resorts, followed closely (36%) by those choosing major metropolitan cities as primary destinations. Interestingly, Millennial families are not shying away from visiting foreign countries, either. In fact, that's where more than a quarter of parents choose to vacation.
DISCOVER EVEN MORE ABOUT THE FUTURE OF U.S. MILLENNIAL TRAVEL
Get the full, free report at ResonanceCo.com/Reports/2018-future-millennial-travel-report/.
And join Resonance Consultancy for the free FUTURE OF U.S. MILLENNIAL TRAVEL WEBINAR: FEB. 28, FROM 1 P.M. – 2 P.M., an hour-long executive briefing that will help resort, hospitality and travel professionals future-proof their business and identify new opportunities.
ABOUT RESONANCE CONSULTANCY
As leading advisors in real estate, tourism, and economic development for three decades, Resonance has completed more than 100 visioning, strategy, place branding, place marketing, policy, and public relations projects for destinations, economic development agencies, DMOs and developers in more than 70 countries. ResonanceCo.com @ResonanceCo.
Vice President, Strategy & Communications
SOURCE Resonance Consultancy