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Picking Up: The Youth Travel Segment is increasing its share in the global market

Picking up The youth travel segment is increasing its share in the global travel industry with young travelers accounting for 20% of the global travel market By 2020, young travellers are estimated to undertake about 300 million trips annually Youth International Travel Segment 2010 2020 190 300 million trips million trips PASS E The youth segment comprises travelers between the ages of 18 and 30 Key Reasons Driving Youth Travel (%, 2012)* 45 38 15 Holiday Education Work Volunteers Based on a survey and hence the total does not add up to 100% since a respondent could have possibly undertaken a trip for more than one purpose. Average Annual International Trips By Age-Group (2012) 4.7 3.6 2.9 18-30 30-45 45-60 The way the youth travels has changed over the years: backpackers have given way to tourists, air travel is no longer viewed as a luxury given the proliferation of low-cost airlines, and budget hotels are preferred to hostels. An average youth traveler spends $2,600 per trip as compared to an average of $950 per trip by international tourists. HOTEL Global Share of International Tourism Spending (2012) Youth Tourism ($217 Bn) IIII 21.5% Total $1.09 Tr 78.5% Other Segments ($871 Bn) Y According to the World Youth Student and Educational Travel Confederation, the segment has emerged as the fastest-growing tourism segment. Over 2007-12, spending by young travelers rose 40% to $217 billion (approximately 20% of the total $1.09 trillion tourism spending). Other travelers' spend grew a meager 3% K The European youth travel market represented nearly half of the global market, with some 93 million outbound trips by 15-29-year-olds in 2012. In Europe, Germany represented the largest market (17 million outbound trips), followed by France (7.9 million) and the UK (7.3 million) * Although Europe continues to be the top destination for young travelers, Americas, Asia-Pacific, and Africa are rapidly gaining ground as hot tourist spots for the youth Source: ITB World Travel Trends Report 2013/2014, UNWTO Compiled by: Priyanka Kulkarni Aranca's Views Aranca believes the youth travel segment will maintain its growth momentum for the foreseeable future. Improving macroeconomic sentiment, rising affordability and increasing exposure to opportunities in emerging economies are likely to boost youth travel. A young population aiming to study abroad, seeking work experience and volunteering for work is expected to increasingly drive youth travel. We also see an evident shift in preferences for destinations; young travelers are increasingly choosing destinations in Asia, South America and even Africa. ©2014 Aranca. All Rights Reserved. www.aranca.com If you wish to reproduce or use this infographic in any format, please email us at [email protected] Research Analyan Communicata

Picking Up: The Youth Travel Segment is increasing its share in the global market

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Youth travel is on the rise; in fact, it is estimated that by year 2020, young travelers, between the age group of 18 – 30, will undertake about 300 millions trips annually. Holiday and education ar...

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