Consumers ages 48 – 66 --
officially known as Baby Boomers in marketing speak -- love to travel and read.
They have the resources to do so. Baby Boomer consumers purchase 80% of
the luxury
travel and over 60% have their passports. There is a pent-up demand for
travel from years of our recession.
Family Trips
include Grandpa and Grandma, and
they may be picking up the tab! These trips tend to be booked around
milestone events such as birthdays or anniversaries. Note: grandparents
take their grandkids to Europe today because they are savvy
travelers themselves. These big-ticket trips will give them quality time
and memories for a lifetime
Medical
- According to the Medical Tourism Association, medical
travel is a $60 billion industry. As Boomers age, affordable health care
may be found outside the country. Most popular destinations include
Singapore, Thailand, India, Mexico, Costa Rica, Jordan,
Turkey and Brazil.
Culinary Cruises – Baby Boomers love their food, wine and cruising. Put them together and you have a growing market. Holland Cruises
started culinary cruises five years ago -- now most of the cruises include culinary delights and focus.
Religious -
over 925,000 people from the U.S.
average age of 55 traveled for religious reasons, according to the U.S.
Commerce Department. Holy Land includes Israel, Jordan, Egypt, Turkey,
Italy, Portugal and France. Ninety percent of the
faith-based travelers are Christians.
Adventure Travel
- Adventure travel is for all ages. According to a report by George
Washington University and the
Adventure Travel Trade Association, the adventure category spending was
$89 billion in 2009 with much growth ahead. Boomers and seniors are
hiking, sky diving, snorkeling, scuba diving, cycling and
skiing.
What Baby Boomers read on their vacations
The Baby Boomer demographic is the largest consumer of reading material and purchaser of
Kindle. Did you know that, according to Gizmodo, 70% of Kindle owners are over age 40?
- Fierce with Age – Dealing with age, change and becoming fierce
with age by Carol Osborne
- Beyond Age Rage – War of the generations by David Cravit
- From Bedlam to Boardroom – Getting your career back on track by Colleen Aylward
A recent article in the New York Times confirmed that, indeed, hotels and tour operators are catering
to Baby Boomers. Knowing they hold 70% of the U.S. wealth, wouldn’t you?
