Budgeting Proves Most Annoying Aspect of Travel Planning – Millennials Willing to Spend More
The goal of travel is always fun, but there are of course annoyances, especially in terms of the planning. People are looking to go all out on their post-pandemic revenge travel trips, but financial realities can be a rude awakening. While the generations may agree on the greatest annoyance and what makes a trip memorable, some are more willing to spend more to enhance their trips and trip planning experiences.
All three generational groups cited budgeting for trips as the most annoying aspect of planning a trip. However, Millennials are more willing than Gen Z or Gen X to pay to have someone else plan excursions for them (63%).
Across generations, respondents cited unique experiences as having the greatest impact on their favorite vacations (38% of Gen Zers, 48% of Millennials and 43% of Gen Xers). However, only Millennials are budgeting more for that element of their trips.
Millennials are budgeting more for experiences than Gen Z and Gen X; 20% of Millennials are spending $51 – $100 per person for experiences each day, while only 15% of Gen Z and 14% of Gen X are budgeting that amount.
