Survey: US Millennials Plan to Spend More on Luxury Travel This Year

Millennials in search of luxury are at the forefront of rebounding U.S. traveler confidence, a joint study by Tripadvisor and Accenture has found. The report, entitled The Future of Travel, found that while confidence to travel appears to be returning among all age groups, it is the high income Millennial demographic that are most likely to spend big on travel this year, with a majority already booking luxury trips – thanks to a strong desire for self-care and relaxation. The survey was conducted on 03MAR 2021 and interviewed 1,000 respondents from 49 states, evenly distributed across Gen Z, Gen X, Millennial, and Boomer generations.

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