Sandra D'Souza’s Post

An interesting article from McKinsey & Company on current trends and traveller archetypes, around the way we travel, following a survey of more than 5,000 respondents from the UK, Germany, the United States, China and the United Arab Emirates. Within the discovery there are interesting, and some cases, fairly obvious distinctions between Gen Zers, Millennials, Gen Xers and Baby boomers, as well as differing motivations by geographic dispersion. When assessing the insight and findings from the lens of travel insurance, it does add further weight around the need for travel insurance providers to avail tailored and differentiated product solutions that complement and support these customer segments and travel preferences.   #travel #vacation #travelinsurance #tripplanning #customersegments #travellerarchetypes #travelsolutions #exploring #adventure #dreamtrip

🌍✈️ The travel industry is evolving, and so are the habits of younger generations! 🌟 As Gen Z and millennials seek more complex, Instagram-worthy vacations, travel agents are making a comeback. 📸✨ #TravelAgents #TravelTrends

Travel advisors are in style for GenZ as a record number of them are opting for agents to help book a trip. According to a survey from IBS Software, “38% of millennials and Gen Z are opting to use traditional travel agents rather than booking themselves online. That’s significantly more than the 12% of Gen X and 2 percent of baby boomer respondents who said they use a traditional travel advisor.” Where traditional belief may have once been older generations are more likely to opt for travel agent support, we can now see that’s changing. #Travel #TravelAgents #GenZ

Travel Tops Trends Front GenZ to Millenials and more… Great read from McKinsey & Company revealing report a significant surge in travel enthusiasm among younger generations post-COVID. 🚀 📈 - **66%** of travelers are more passionate about travel now than before the pandemic. - **29%** are investing an impressive amount of their income into their #adventures - **6% ** despite economic uncertainties, travel remains a booming sector with a 6% increase in spending -**33%** of consumers are planning to splurge on travel, making it one of the top areas for discretionary spending. 🏖️💼 #TravelTrends #Millennials #GenZ #ConsumerSpending #EconomicImpact #McKinseyInsights #travel #travelinsurance Well worth a read… https://lnkd.in/gM7vAsnJ

🌍 Gen Z and Millennials are increasingly turning to travel agents for their vacation planning, favoring the personalized and luxury experiences these experts provide. According to a Flywire survey, 92% of luxury travelers within these age groups have used or plan to use travel advisors. This trend highlights a shift towards curated travel experiences, with younger generations willing to spend more for customized itineraries. Magdalene Taylor writes more about this rising trend at Business Insider! https://lnkd.in/eRTFSduf #TravelTrends #GenZ #Millennials #LuxuryTravel

🔍 Interesting Insight: With confidence in taking an annual vacation at a record high, 73% of Americans express a desperate need for a vacation despite financial constraints. 🔍 Insights: - 68% of Americans are confident in taking a vacation in 2024, the highest point since 2009. - Younger travelers (18-34) have the highest confidence at 71%. - Those aged 35-54 show increased confidence at 70%. - 73% feel a desperate need for a vacation, up two points from last year. - 49% are likely to travel even if they can't afford it, leading to a new trend called "justi-vacation." - 27% are investing more in luxury travel experiences this year. - Only 15% of Americans are unsure if they'll take a vacation this year, a record low. - 57% plan on scaling back travels due to inflation. - 63% took a vacation in the last year, up one point from 2023. - 35-54-year-olds lead in prioritizing annual vacations at 81%. 💬 Thoughts: It's fascinating to see how strongly Americans prioritize vacations, even amid financial challenges. The rise of "justi-vacations" and increased investment in luxury travel experiences reflect a shifting trend towards prioritizing travel experiences despite constraints. ❓ Question: How do you balance the desire for travel experiences with financial considerations when planning your next vacation? #VacationConfidence #TravelTrends #Balance https://lnkd.in/g_h2d9e6

Travel agents make a comeback with Millennials and Gen Z. Even with all the online resources that are available, planning trips can be exhausting, and I can see how travel agents are making a comeback #travel #trends #travelagents 👉🏽 There is a shift in attitude towards travel agents, with many young travelers choosing to use their services due to the mental and physical exhaustion of planning trips. 👉🏽 The increasing importance of travel for millennials and Gen Z, prioritizing travel over other life goals. 👉🏽 Matt James' experience of giving up on planning a trip to Vietnam himself and opting for a travel advisor's assistance due to mental exhaustion. 👉🏽 There is a resurgence in the use of travel agents, with 38% of Gen Z and millennial travelers preferring traditional travel agents over online booking. 👉🏽 The increase in travel following the pandemic and the desire to make up for lost time despite feeling tired and burnt out.

Take a look at the insights from the American Express 2024 Global Travel Trends report— it's clear the tide is turning. The notion that travel agents belong to a bygone era, replaced with instant itinerary builders, is being emphatically overturned — as Millennials and Gen Z travelers are increasingly seeking travel professionals for their journeys. This is where Nicer stands at the forefront, revolutionizing the connection between travelers and travel advisors — making it as easy as ordering Door Dash. What sets us apart? Our advisors not only mirror the vibrant diversity and dynamic spirit of these demographics, but they also embody the future of travel advising with their deep commitment to the profession. You won’t find hobbyists or side-hustlers planning your trip — you’ll find expert, like-minded advisors eager to help. The momentum is building for Nicer and I couldn’t be more motivated — we are truly just getting started!

Holiday Hustling: 10 Million Australians Are Scrimping and Skimping to Travel - Posted by Finder on 14 October 2024: https://lnkd.in/g645ak8i In today’s economic climate, Australians are going to great lengths to afford their holidays. According to Finder’s latest survey, 50% of Aussies are cutting back on their lifestyles, with many recycling bottles, selling unwanted items, or even taking on second jobs to save for their next trip. Alarmingly, 10% are willing to go into debt to make their vacation dreams a reality. Richard Whitten from Finder advises setting up a dedicated holiday fund and exploring budget-friendly travel options. By planning ahead and taking advantage of travel deals and frequent flyer points, a dream getaway can still be within reach. 💪 💸 How are you planning to save for your next holiday? Please share below! 👇 🙂 🛫 #Travel #PersonalFinance #Budgeting #HolidayPlanning #FinderSurvey #Holidays #HolidayFund #CostOfLiving #TravelDeals #BudgetFriendly #FrequentFlyerPoints #Vacation #Affordability #SavingMoney #Finance #Hustle