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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