With in-depth consumer insights, this report offers a way for brands to explore new niches in the travel industry. Find out what Americans want from travel operators when it comes to multigenerational (multigen) and family travel, and build your strategy from the ground up with this report.
Below, we summarize the key topics covered and offer select insights from the report itself.
Key Topics Covered
- The key demographics of family and multigen travelers.
- Emerging demographics to target to get an edge in brand affinity.
- Factors that contribute to the growth of the family travel market.
- What families and multigen groups want out of travel and their pain points.
- How costs are shared among the travel party.
- Travel types that work best for family groups.
- What brands can do and are doing to aid families and multigen groups.
Family Travel Industry Overview
Inflation remains elevated in the US, but this isn’t stopping families from prioritizing travel together. Half of consumers took a trip with family in the last year, and almost half say they have plans for a trip in the next 12 months. This is great news for the travel industry. Still, there is work to be done, as 26% of family travelers find it difficult to settle on trip activities. Brands can aim to solve pain points like this going forward.
Family & Multigenerational Travel Statistics
Below, we provide some consumer-focused stats on family and multigenerational travel in the US.
- Almost two-thirds of US adults are family travelers. On top of this, over half want to travel and spend quality time with family, with a skew toward Millennials. As Millennials seek to reinforce values passed onto their children by travelling, Baby Boomers fund their ventures (see our Marketing to Millennials Report).
- 68% of multigen travelers want more bespoke offerings from brands. This is not surprising, as multigenerational trips are more complex than regular leisure travel and require planning/coordination for a variety of ages and requirements. Travel advisors can fill a new niche – multigen travel.
- Over two-thirds of travelers state difficulty planning trips. Planners will abandon brands that don’t make trips seamless, so it’s important now to prioritize pre-trip planning/booking as much as the on-trip experience.
For a complete analysis of consumer statistics and opportunities in the family travel industry, buy the full report. Alternatively, browse our extensive library of travel market research.
Additional Features Included in Your Report
Different Digital Formats: PDF for conveniently sharing with your team, PowerPoint for quickly including in your presentation, as well as an Excel Databook.
Mintel’s Clients Portal: Our portal offers instant access to actionable analysis and trends pieces relevant to your industry that are published almost daily. You can also browse for more market research reports.
Expert Analysis from a Travel Specialist
Mike Gallinari delivers an in-depth analysis of the US family travel industry with this report.
Families haven’t been dissuaded from traveling despite elevated prices. Yet, they still need help from brands to streamline planning and create itineraries for all.
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Mike Gallinari
Travel & Leisure Analyst
