Study: Millennials & Higher-Income Travellers to Lead Travel Industry Rebound in 2021
Millennials and higher-income travellers are the groups most ready to travel again, found a study by Berkshire Hathaway Travel Protection. The study found these groups plan to spend more money on travel in 2021 and are more likely to cruise, travel solo, and visit int'l destinations. Millennials indicated they are holding onto their travel dream, with 38% saying they would take an int'l bucket list trip in 2021. Conversely, only 16% of mature travellers indicated they would do the same. The study surveyed 1,600 U.S. travellers.