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U.S. Tour Operators Association
Income&Demographics influence what people look for in vacations
Tuesday, October 02, 2007
Contrary to popular belief, the more affluent someone is, the more likely they are to return to a favored destination, according to a recent survey conducted for the U.S. Tour Operators Association. People imagine high-income travelers jetting around the world, sailing the Amazon, visiting Rome this year, Rio the next, following a safari with a sailing trip along the Turkish coast, or taking an extended cruise.

However, USTOA`s survey found that one- third of travelers with household income greater than $100,000 indicated they preferred to revisit favorite vacation destinations. That is the largest group giving this response in any income category, says Bob Whitley, USTOA president.

The survey revealed that increased income correlates with the desire to repeat favorite vacation spots. Thirty percent of households earning $50,000 to $99,000 also preferred returning to favorite destinations, but
that number dropped to less than 20% for those earning $35,000 and less.

Higher-income travelers also said they enjoy exploring a favorite destination in depth, and that a broader selection of side trips would motivate them to select a tour or vacation package.

Women, Younger Travelers Motivated by Price Considerations

Women and those reporting lower income based their vacation choices on practical factors, saying that additional meals and sightseeing included in the price would motivate them to select packaged travel. Younger travelers (18 - 34) and families with children under 12 years said that free hotel room upgrades were motivating factors.
Theodore Koumelis - Tuesday, October 02, 2007
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Poll
How do you expect luxury travel to perform in times of economic downturn?.

Providers of luxury travel products are going to witness shorter stays by their customers and an increase in seasonality.

People are going to become more value conscious and will opt for those luxury offers that represent a convincing value-for-money proposition. Providers of overpriced services are those to feel the pinch.

Both people paying for their personal trips and firms paying for their top executives' business trips will cut back on travel expenses, thus affecting all luxury travel providers.

It is going to be business as usual. Those people opting for high-end travel products are not going to be affected by the looming crisis.

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