Millennials overtake Generation X in vacation spending, says US survey
Millennials are vacationing more than before. Their annual holiday spending now even surpasses that of Generation X’s.
Roughly one out of four millennials are planning more overnight trips for leisure in 2014 compared with the previous year. But because 14% are planning fewer trips, the net positive difference is 10%.
That’s just one of the interesting findings in a new MMGY Global study on the most recent generation to hit adulthood.
The travel consultancy found that millennials, who range in age from 18 to 35, are expected to spend incrementally more on travel services than any other age cohort during the next 12 months.