Showing posts with label travel trends. Show all posts
Showing posts with label travel trends. Show all posts

What’s Fueling the Values-Driven Travel Trend?

American spending and buying is undergoing a profound change according to recent studies of consumerism in the U.S. Where a person travels is no longer a reflection of status, but a reflection of that person's values. Travelers look for ways to connect their travel with people and cultures, and often hope to make a contribution to society while traveling. It's all part of a new values-driven consumerism that according to a survey led by social theorist John Gersema, is carried over to consumer purchases made in all industries.  The survey, conducted over the past 21 years, also shows a long-term behavioral shift. It looks like Americans are returning to the values-driven consumption of our society prior to the years of indulgent spending started in the 80's.

The Great Recession and September 11th rearranged our Priorities

Most travel industry professionals feel value-driven travel was triggered with the events of September 11th and accelerated by the Great Recession. Americans reevaluated what was really important to them and family reemerged at the top of the list.  Multigenerational travel is booming. Americans look at family travel as a way to strengthen the connection with those they care for, as well as an opportunity to celebrate and remember life’s special events. 

Timeshare Ahead of the Trend

Timeshare is perfectly set up to satisfy the multigenerational travel trend. Timeshare provides the ultimate setting for families to connect through travel. Resorts typically have accommodations that offer plenty of space for families to stay together in a comfortable home setting. They also offer a multitude of activities that families can participate in together, and specific recreational areas set up for special celebrations.

Authentic Travel

The term experiential or authentic travel is a term currently being used to describe an emerging trend in travel. Travelers want to get in touch with the local experience. They want a unique and authentic experience that allows interaction with the people and culture of the area they are visiting. As Joshua Bush, CEO of Park Avenue Travel in Swarthmore, Pennsylvania, puts it, "the global recession in 2007 and 2008 made people realize it’s not all about collecting things and material wealth, it's about experience."
Companies specializing in authentic or experiential travel say it is not the same as green travel. Their clients want to concentrate on what they can do for a village or an individual rather than saving the whole planet. People want to not only interact with the local culture, they also want to do something to give back to that culture. Projects involving sustainability, education, and health and wellness are popular.

Should timeshare get behind Authentic Travel?

Though the timeshare industry has been heavily involved in green travel, authentic travel really hasn’t been something we have heard much about. One resort that gives its owners and guests an opportunity to experience a bit of authentic travel is Royal Resorts, a timeshare company with resorts throughout Mexico. The company has a Sea Turtle Protection program that rescues and releases baby sea turtles, and protects their nests. Owners and guests staying at the resort during the season from August to November can watch the release of the turtles. A true authentic experience would give owners and guests the opportunity to actually participate in the protection and release of the turtles, and afford direct interaction with the people of the area.
Should timeshare get involved in providing authentic travel experiences for owners and guests? Do you know of any timeshare resorts that are doing it now? Give us your comments at www.timeshare-info.org 


Travel is Trending - Increases in Both Domestic and Global Travel

2015 is shaping up to be a good year for the timeshare industry.  Adding to ARDA’s latest glowing report that shows significant growth in 2013 are more positive predictions from travel industry experts of increased domestic and global travel in 2015. As the recession has receded, confidence in the economic situation has returned, and both domestic and global travel has increased. After four consecutive years of growth that surpassed the world economy by 1.5 percent, predictions are that 2015 should be an even bigger year for the travel industry.    
These 2013 travel statistics from industry experts, are helping to fuel the positive outlook for 2015:
  • 70 million international travelers visited the U.S.  
  • International travelers visiting the U.S. spent a record $181 billion on goods and services
  • U.S. residents took 1.6 billion trips for leisure purposes 
  • Spending on leisure travel generated $91.9 billion in tax revenue

Travel’s economic impact important to trade balance and job creation

Even President Obama agrees that travel is a significant influencer on many of his economic priorities such as the U.S. trade balance and job creation. This spring, Obama met with leaders of America’s travel industry at the White House to talk about more activities to spur economic growth through travel and tourism. Discussion included the renewal of Brand USA, a public-private partnership that has successfully marketed the U.S. as a tourist destination. 

Americans are keeping it domestic

According to a recent survey by Skift.com, only 13 percent of Americans traveled abroad last year. And of those who did travel abroad, more than 75 percent made more than $100,000 a year.  Issues such as as a weak dollar, high ticket prices, and safety, are some of the reasons Americans are preferring to vacation in their home country.  

International travelers 

On the other hand, the international travel market is growing rapidly, and many of those travelers are traveling to the U.S. America’s competitors in the international travel market were the first to realize the importance of travel promotion - the targeted marketing of countries to potential international visitors. In 2010, after losing ground to the important global market, the US Congress passed the Travel Promotion Act (TPA). That act also created Brand USA, a destination marketing organization for across the globe promotion of the U.S. According to the U.S. travel Association, Brand USA’s efforts has helped add an additional 1.1 million incremental visitors to the U.S. - an increase of 2.3 percent. 

Niche Markets are Trending

A recent article in Travel Age West Magazine reports that the new travel markets on the rise are experiential travel, upscale adventure travel and wellness travel. Hotels and airlines are incorporating more personalized services and the latest technologies. The cruise industry is debuting new ships that combine ocean-going and river cruise itineraries.

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