The success of any brand is based on its ability to understand and pro-actively appeal to consumer behaviour, preferences and expectations.
Travel and hospitality leaders spend a great deal of time observing emerging trends and how they apply (or don’t) to certain groups. In many cases, this focus centers on generational groups, as hospitality professionals seek out a deeper understanding of generational preferences throughout the entire traveler journey. Millennials, baby boomers, Gen X; we love to talk about them all, analyzing their every move from pre to post-stay to derive conclusions that help shape the modern guest experience.
The more we dig into generational travel, the more we realize another, equally important trend — multi-generational travel. In fact, the rise in multi-generational travel is, arguably, positioned to change the hotel and travel industry.
The Trend of Family Travel
Studies show that up to 40% of leisure travel is multi-generational. In 2017, Travel Leaders Group, which represents 50,000 agents in North America, reported that 91% of its agents booked multi-generational family trips. In another survey, 83% of respondents agreed these holidays were an enjoyable experience, with over 75% suggesting they plan to do it again in the future.
As we look at the recent rise in baby boomer travel, we understand that the boomer generation is retiring in large numbers and, as such, want to spend more time with their families.
Millennials have a noted penchant for experiential travel and, combined with the desires of their generational predecessors; more families are choosing to vacation together.
Beyond that, Euromonitor International’s 2018 Global Consumer Trends report also indicated that the rise of multi-generational travel “is in part about finances and Boomer parents helping their cash-strapped kids.” In fact, grandparents, more so than parents (35% vs. 25%), are more willing to pay for multi-generational trips to “help family members enjoy a vacation they otherwise could not afford.
Generation Z influences $600 billion of family spending, playing a pivotal role in the decision to take family trips. That’s right, the kids, the grandparents — everyone is invited. A common theme across each generation seems to be the desire for authentic, unique travel experiences — ideally, experiences and accommodations that help to create lasting memories, and foster closer bonds for years to come.
Destinations of Choice
The top destinations for family trips appear to be Italy, Mexico, South Africa, Costa Rica, and Turks & Caicos.
Of course, when considering 2-3 generational groups within one trip, you’re dealing with people of different ages, abilities, and interests. As such, these travelers are sure to select destinations that they perceive to have a ‘little something for everyone’ to enjoy while abroad.
What Does the Perfect Multi-generational Trip Look Like?
- Gen Z travelers value unique, adventure experiences such as exploring and trying new things more than anything else.
- Baby boomers are also interested in ‘bucket-list’ travel, while also more traditional travel experiences (such as sightseeing or touring) and opportunities to relax and unwind.
- Millennials and Gen X, on the other hand, seem to seek out relaxation and local experiences, with 86% stating they would rather experience a new culture, compared to 44% who prefer to party or 28% who prefer to shop.
- Even further, 77% of multi-generational trips are associated with a life event (milestone birthday or anniversary, family reunion, etc.). As such, settings and accommodations that provide these groups with the ability to connect as a whole, but also enjoy experiences separately or in smaller groups, are sure to strike a chord.
Many hotels around the globe are rising to this occasion, finding creative ways to attract and engage with multi-generational groups. This can include specialized packages and incentives with perks and experiences catered to different groups within the family, unique amenities, and flexible accommodation styles.
What Matters Most: Reputation and Connectivity
Travel and hospitality professionals are often especially invested in the technological preferences across generations, as millennial travels often rely on the modern conveniences associated with digital technology, while older generations may prefer to ‘unplug’ while on vacation. While these expectations do vary based on age and trip ‘type,’ general connectivity through basic digital conveniences such as Wi-Fi appears to be a common standard. In fact, recent statistics indicate that Wi-Fi is one of the most important parts of the guest experience with 65% of guests getting online within seven minutes of checking in and a third requesting the Wi-Fi password as soon as they arrive. This demand is often reflected across the entirety of the guest experience, with most travellers expecting Wi-Fi access on flights too.
Another common theme across generations? The consideration of social reputations. From airlines to excursions, tourist attractions, and (especially) hotels, all generations tend to value reviews when planning their trip. Fortunately, this is a consideration that should be applied across the board as a hotelier or travel professional’s top priority. In today’s hospitality climate, your online reputation can make or break your brand.
If one thing is clear, it’s this: multi-generational travel is on the rise. If anything, it’s just gaining momentum with each passing year. The more important question is, have you positioned your offering to connect to this growing, diverse traveler base?