Download presentation
Presentation is loading. Please wait.
1
the power of youth travel
TRAVEL TRENDS November 7, 2017
2
evolving student travel
PREFERENCES COST VS. CONVENIENCE 64% of students pay for travel themselves; majority book travel 3-6 months prior to their trip 65% of students would take a flight with 1+ stops to save money when direct/non-stop options are available & 60% would fly to a less convenient airport to save money 71% would only need to save £50-£100 to book either less-convenient option *based on a survey of 5,000 UK and US students
3
evolving student travel
PREFERENCES THE RISE OF REGIONAL AIRPORTS 96% increase in traffic at smaller, regional airports in the last year Students booking to regional airports are saving £110 on their flight cost compared to flying into main hubs Biggest cost savings from the to Washington Dulles (15%), New York La Guardia (9%) and Chicago Midway (8%) *based on a survey of 5,000 UK and US students
4
evolving student travel
PRODUCTS BASIC ECONOMY (UNBUNDLED AIRFARES) 64% of students book the cheapest flight they can find and would consider booking basic economy 19% of students were familiar with these fares Only 5% of students found the restrictions on these tickets unsuitable for their lifestyle *based on a survey of 5,000 UK and US students
5
evolving student travel
PRODUCTS PREMIUM PRODUCTS Launched premium economy, business class and first class tickets in April (on site & in-app) 25 partners offering premium economy & 65 offering business/first class (discounts of 3-25%) As economy amenities become more limited, students are willing to pay for comfort and service, especially Chinese students & international students 19.5% premium economy, 11.5% business class, 6.5% first class, the rest of bookings have premium as a segment *based on a survey of 5,000 UK and US students
6
IN A TIME OF GLOBAL UNREST
a resilient segment IN A TIME OF GLOBAL UNREST NOT CHANGING PLANS Only 3% cancelled a trip booked to a destination where an attack had taken place Only 6% cancelled a trip due to fears about a terrorist attack/incident taking place 11% would feel more safe visiting a destination that had been victim to terrorism recently BOOKING FOLLOWING GLOBAL INCIDENTS Boston, up 67% WoW, up 26% MoM Sydney, up 38% WoW, up 26% MoM Paris, flat WoW, up 27% MoM Brussels, down 84% WoW, up 2% MoM Tel Aviv, up 22% WoW, up 12% MoM Nice, up 267% WoW, up 12% MoM Berlin, down 14% WoW, up 51% MoM London, up 19% WoW, down 14% MoM *based on a survey of 2,000+ UK and US students
7
how mighty is MOBILE A segment of early adopters
38% of students search on mobile, 55% don’t end up booking there* BUT mobile +46% and app +85% YoY vs 13% YoY across travel sector^ UK and international students 2.5 times more likely to book in-app or on mobile compared to US students Mobile offers matter: 42% of students state offers they will receive on mobile as the most important reason for downloading apps *01/11/2016 – 31/10/2017. ^Criteo, 2016
8
Sam Willan Head of Marketing
Similar presentations
© 2024 SlidePlayer.com. Inc.
All rights reserved.