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Ypartnership - PhoCusWright
New survey reveals unique habits and preferences of 'Next Generation' travelers
Thursday, August 21, 2008
Technological change has reinvented the manner in which travel service suppliers bring their products and services to the marketplace in recent years, and a new survey now reveals that emerging technology has had an equally profound effect on the behavior of those who use it. The "NEXTgen Traveler(TM)" survey of 2,559 adults, co-authored by Ypartnership and PhoCusWright, was conducted in March 2008. Respondents were "active users" of the latest computer, entertainment or consumer technology, and took at least one overnight trip requiring the use of commercial accommodations during the previous 12 months.

According to the survey, these "next generation" travelers are highly educated (30% with a 4-year college degree; 20% with at least one year of graduate school), affluent (30% of households with an annual income in excess of $100,000), and are equally likely to be Echo Boomers (18-28 years of age) as Baby Boomers (43 to 61 years of age), thereby debunking the belief that the usage of new technology is concentrated among younger travelers. They have a zest for travel (75% would travel more if they had more money; 62% would travel more if they had more time) and spend, on average, over 50% more on travel services annually than their less tech-savvy counterparts.

"The data paint a fascinating picture of the manner in which emerging technology has re-shaped the attitudes and behavior of contemporary travelers," said Philip C. Wolf, president and CEO of PhoCusWright. "And it is clear that tech-savvy travelers display a significantly different market profile than travelers who are less wired."

As expected, "next generation" travelers are heavy users of the latest technology: two-thirds (65%) take pictures, text message (63%), access the Internet (33%) and play video games (29%) with their phones. Two-thirds also shop online sites such as eBay (67%). Four out of ten (37%) own the latest video game console, and one out of four (23%) has a GPS in their car.

"Next generation" travelers also rely heavily on the Internet when it comes to planning, purchasing and sharing information on travel experiences:

The media consumption habits of "next generation" travelers also differ markedly from those of their less tech-savvy counterparts. Advertising messages are often ignored, and traditional media outlets appear to exert little influence. More than half (56%) read newspapers online, while almost one out of five (18%) never reads a hard-copy newspaper.

"The implications of this work for marketers of travel services are quite profound," said Peter C. Yesawich, chairman and CEO of Ypartnership, co-author of the survey. "They not only suggest the need for a fresh approach to media strategies that will reach this growing audience, but raise provocative questions about the influence of the user-generated content that is now flourishing online."

Theodore Koumelis - Thursday, August 21, 2008
2 recommendation(s) , 118 print(s), 1066 views, 1 comments
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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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