U.S. Millennial Tourists Still Favor Hotels over Airbnb



NEW YORK, Jan. 23: As stated by a fresh account on the prospect of U.S. Millennial travel, American tourists between 20 and 36 years of age favor full-service hotels to an Airbnb rental, even as the home-sharing facility grows in 65,000 cities and in preparation for a forthcoming IPO.
Resonance Consultancy, a top consultant in real estate, travel, and fiscal expansion for nations, cities and communities, divulges this and numerous other understandings in the 2018 Future of Millennial Travel Report: A survey of America's fastest growing tourism demographic, a 70-page trend briefing released this month.
The account assessed over 1,500 vigorous U.S. Millennial tourists finding that notwithstanding 52% of respondents articulating they frequently or sporadically utilize owner-direct rental facilities like Airbnb, it is really among their least favored lodging selections. Merely 23% revealed that a temporary residence and/or condo leasing was their favored kind of lodging.
"Findings in the 2018 Future of Millennial Travel Report are contrary to the prevailing belief that hotels are in trouble with younger travelers who prefer homesharing," stated Chris Fair, president of Resonance Consultancy.
Millennial tourist respondents quoted full-service hotels as their primary selection, residing with acquaintances /family as second, trailed by all-inclusive resorts. Approximately a third of Millennial tourists favor expensive/luxury hotels/resorts (35%), trailed by camping (33%).
Resonance is presenting the FUTURE OF U.S. MILLENNIAL TRAVEL BRIEFING: FEB. 28 IN NEW YORK CITY, a half-day executive conference which will aid resort, hospitality and tourism experts future-proof their trade and ascertain fresh prospects.
"U.S. Millennials will spend $200 billion in 2018 alone," observed Fair, adding, "A lot of that will be on travel and tourism. Our Feb. 28 briefing will bring our research to life and give travel, tourism and hotel marketers the chance to tap into this massive demographic's imminent spend."


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