Millennials: A New Trend for the Tourism Industry

Annals of Spiru Haret University. Economic Series, 18(3), 109-122, 2018, doi/10.26458/1838

14 Pages Posted: 10 Nov 2018

See all articles by Bogdan Sofronov

Bogdan Sofronov

Polytechnic University of Bucharest

Date Written: October 18, 2018

Abstract

The purpose of this paper is how millennials change and influencing the tourism industry and their importance for travel in the world.

Having grown up with near-ubiquitous internet access and beginning their professional careers in the wake of a financial crisis, millennials are using technology to make savvy travel-buying decisions, largely based on the perceived authenticity of the experience they are offered.

Millennials travel more than any other demographic. On average, they take 35 days of vacation each year, and they’re also bucking the trend by increasing their annual travel spend as other generations intend to be more conservative with their cash.

Millennial travellers are interested in authenticity, fulfillment and sustainability. That’s a message that tour operators, travel agents and the entire travel industry needs to understand. The millennial.

Keywords: millennials; travel; tourism; tourism industry; international tourism

JEL Classification: Z30; Z32

Suggested Citation

Sofronov, Bogdan, Millennials: A New Trend for the Tourism Industry (October 18, 2018). Annals of Spiru Haret University. Economic Series, 18(3), 109-122, 2018, doi/10.26458/1838 , Available at SSRN: https://ssrn.com/abstract=3269270

Bogdan Sofronov (Contact Author)

Polytechnic University of Bucharest ( email )

Splaiul Independentei nr. 313
Sector 6
Bucharest, Bucharest 060042
Romania

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