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Including Families With Adult Kids

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Presentation on theme: "Including Families With Adult Kids"— Presentation transcript:

1 Including Families With Adult Kids
Nancy Schretter Founder & Managing Editor Family Travel Network October 24, 2017

2 Demographics Helping To Drive Family Travel With Young Adults
Massive generation of U.S. Baby Boomers: 74.1 million in 2017 (US Census Bureau) Healthier, wealthier Baby Boomers retiring with more time & disposable income to travel. Want to collect experiences and family memories, not things. (AARP Top Travel Trends survey) Strong interest in seeing the world as they enter retirement. (BA U.S. travelers survey) Have spent years traveling with their children. Photo Credit: Austin Adventures

3 Demographics Helping To Drive Family Travel With Young Adults
Huge generation of U.S. Millennials: 84 million and 26% of population in 2017 (US Census) Millennials are waiting longer to marry and more than half of today’s year olds are single. (US Census) Millennials are passionate about travel and see it as a birthright. 66% consider it a very important part of their lives (PhoCusWright) Millennials have grown up traveling with their parents and enjoy spending time together. Photo Credit: © G Adventures, Inc.

4 Other Factors Driving Family Travel With Young Adults
Family members are living further apart from each other than at any other time in history. Parents (and grandparents) are healthier, more physically active and often more adventurous than in the past. Millennials often have smaller paychecks and travel is expensive. Parents paying for travel is a great deal as long as trips are appealing to Millennial travel styles and interests. Young adults have compressed schedules, busy lives and fewer vacation days. International study abroad programs can drive family travel with college-age kids. Photo Credit: Family Travel Network

5 Family Travel With Young Adults Takes Many Forms
Pre- or Post- Study Abroad Trips Parent(s) vacationing with young adult kids – and spouses/partners Family reunions and family celebrations Mother/daughter and father/son trips PANKs/PUNKs with older nieces/nephews Sports-themed trips (skiing, fishing, riding, sailing, diving, hiking/biking, etc.) Grandparents traveling solo with young adult grandchildren Bleisure trips with young adults

6 Travel Factors Appealing To Families Traveling With Young Adults
Authentic meaningful experiences Opportunities to relax and reconnect with family Memorable, sharable moments Flexibility and personalization Soft adventure Food and wine Local immersion – culture, food and hidden gems Wellness and fitness Internet connectivity Freedom – time together and apart Hassle-free travel International travel often appealing Photo Credit: Family Travel Network

7 Travel Industry Examples and Insights
Major Cruise Lines Small Ship Cruises and Charters River Cruise Lines Hotels and Resorts Dude Ranches Destinations Vacation Home Rentals Tour Operators Photo Credits: FTN, CroisiEurope & The Clear Creek Group

8 Insights, Opportunities and Challenges
Young Adult Kids are often the overlooked segment of the family travel timeline Appealing demographics, but general lack of industry data Brand loyalty generated by previous family travel together Significant opportunity – with some inherent challenges Different interests, needs and schedules than other family travelers Busy lives and limited travel windows - and not all the same Adapting to different travel styles Young Adult Kids are key decision makers and influencers Photo Credit: Austin Adventures

9 Discussion


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