Hospitality

Imagine closing your eyes and upon opening them, you find yourself planning your next adventure. This isn't just a fleeting desire, but a reflection of a lifestyle that's gaining momentum among younger generations. Today, Generation Z and Millennials are redefining what it means to travel, infusing their values, preferences, and technology into the heart of their travel experiences. This article offers a detailed look at these emerging habits, starting from the travel behaviors and preferences of these generations. One of the most notable characteristics of Generation Z and Millennials is their focus on frequent travel, prioritizing experiences and adventures over the accumulation of material goods. This inclination reflects a broader desire to live fully and collect moments instead of objects. Sustainability: A Key Factor Sustainability, as in other sectors, is a critical element in the decisions of Generation Z and Millennials. These generations prefer brands and companies that demonstrate a genuine commitment to sustainability and social responsibility. According to an article in Conciencia Eco, Generation Z has shown a strong commitment to the environment and social change, even influencing the consumption decisions of previous generations towards more sustainable options. A global study indicates that 85% of consumers have changed their purchasing habits in favor

Hospitality

Recognizing the undeniable role of social media in shaping our travel plans is as evident as acknowledging that the sun is always shining. In the interconnected world we live in, it has become natural to turn to these digital platforms in search of inspiration, recommendations, and a glimpse into the experiences of other travelers. However, the real extent of social media's impact on our travel decisions remains a fascinating and enigmatic topic. While it's no secret that social media plays a significant role in vacation itinerary planning, the true magnitude of its influence remains a captivating mystery waiting to be unraveled. According to a Morning Consult report, 92% of Generation Z users in the United States use social media, with 54% of them spending at least four hours a day on these platforms. Furthermore, Gen Zers stated that they spend more time interacting with their peers per week, on average, through video games (65%) than in school (64%) or at work (51%). These numbers highlight the omnipresence of social media in the daily lives of young people, and this reality directly impacts their travel decisions. A fascinating example of social media's influence on the choice of tourist destinations can be observed in the

Hospitality

As I recently shared, luxury travel is back in a big way. And while there are a number of factors for this boom, I want to focus on one that may surprise you: the influence of millennials and Gen-Z. As consumers, these generations are often seen as more conscious and informed than those that came before them, making it difficult to predict how they would wield their eventual buying power. But they are now making themselves abundantly clear: 79 percent agree that travel is an important budget priority. Let’s dig into why. Cash flow. During the pandemic, many young people took the opportunity to pay down debts and save on rent by living with family members. At the same time, while previous generations were more likely to become homeowners in their 20s and 30s, a number of economic factors are keeping many millennials and Gen-Zers out of the housing market. This group is also marrying and having children later, if at all. In short: they have money to burn and less financial responsibilities to hold them back. And, after years of staying close to home, they are looking to use their financial freedom to make up for lost time–whether it be paying for travel upgrades, choosing hotels with higher-end amenities, or crossing dream