2024 Travel Trend: Consumers Plan To Spend More On Travel—Despite Rising Costs

According to Forbes, in the face of rising living costs, a recent Hilton and Ipsos study reveals that consumers are poised to spend more on travel in 2024 by cutting back on other personal expenses.

A significant 64 percent of global travellers, particularly Gen Z and Millennials, are choosing to prioritize leisure travel. They value experiences and connections over material possessions. Personal wellness and technology are also in focus, with travellers seeking quality rest and seamless digital travel solutions.

Culinary experiences are top priorities, followed by exploration and adventure. Sustainability is crucial to modern travellers, with many seeking brands that prioritize environmental responsibility. Hilton's ventures, such as Conrad Koh Samui, Hilton London Bankside, and The Gabriel Miami South Beach, highlight sustainable practices and effective technology integration.

You will be redirected in 2 seconds.

CLICK HERE FOR FULL STORY
You may also like
5Continents Launches Virtual Training Program
5Continents announced the launch of its new Virtual Training Program. The first session will begin on 26AUG, with Tahiti Tourisme Canada ...
Globus Family of Brands Expands Canadian Sales Team
The Globus family of brands is strengthening its Canadian sales team by appointing BDMs Gina Goranson in the west and Elaine ...
Industry Partners Support ACTA Summit with Prizing and Sponsorships
ACTA has announced the grand prizes for the 2024 ACTA Summits, which include Air Canada, Riverside Luxury Cruises, CroisiEurope Cruises, and ...
Air Canada ‘Committed’ to Avoiding Strike, Offers Flexible Rebookings
Air Canada says it’s determined to reach a deal with airline pilots, but is introducing a flexible rebooking policy to ensure ...
Alaska Declares State of Emergency After Deadly Landslide
Emergency crews in Ketchikan are preparing for further landslides following a fatal incident that claimed one life, injured three, and caused ...

Talk Back! Post a comment: