Next Generation Traveler Profiles - An analysis of the types of travelers that will dominate the industry and shape the major tourism trends in the coming years

Next Generation Traveler Profiles - An analysis of the types of travelers that will dominate the industry and shape the major tourism trends in the coming years


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Executive Summary

Next Generation Traveler Profiles-An analysis of the types of travelers that will dominate the industry and shape the major tourism trends in the coming years

Summary

GlobalData's "Next Generation Traveler Profiles", report identifies eight types of travelers that will dominate the industry and shape the major tourism trends in the coming years. As the number of international tourists is set to rise rapidly, it is fundamental for businesses to understand the changing needs of consumers. From tech savvy millennials and sport adventurists, to bleisurists and digital nomads, the profiles of travelers, and hence their needs, vary vastly. It is thus essential for players to gain a thorough insight into the different types of travelers, in order to best tailor their products and services to cater for them.

Travel and tourism is an integral sector of the world economy, generating millions of jobs and contributing to the overall socio-economic prosperity. In 2016, the industry remained one of the fastest growing, outperforming the average growth rate of the global economy for the sixth consecutive year.

The rapid growth of tourism presents enormous opportunities for local economies and societies. However, there are several issues that are rapidly altering the nature of the industry, urging players to change and adapt to the new environment. In particular, rapid globalization, geopolitical movements, climate change, demographic changes and accelerating digitization are among the key issues that the industry is faced with. Besides having major implications on the global economy, business and geopolitics, these trends are fundamentally transforming the preferences of consumers, who are becoming increasingly demanding, and fueling rapid changes in the industry.

The report discusses eight types of traveler profiles, allowing clients to gain an insight into the unique characteristics and needs of these cohorts. Using consumer survey data, the report provides an insight into how such businesses must proceed to successfully target travelers depending on their profile.

Scope

- The eight 'NextGen' traveler categories identified are the Chinese Millenial, the aspirational middle class in emerging nations, the 'Moral Compass' traveler, the Hobbyist, the Digital Nomad, the Bleisurists, the 'Family Pack' and the Luxury Adventurer.

Reasons to buy

- This thematic report provides readers with insight into the eight types of travelers that will dominate the industry and shape the major tourism trends in the coming years, as well as key suggestions for luring potential travelers depending on their profile. Therefore, it allows clients to develop an informed strategy for effectively tapping and growing in the coming years.



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Table of Contents

Overview

Next generation travelers and the future of tourism

Next Generation Travelers

Insight into Next Generation Travelers

The Chinese Millennial

Emerging Aspirationals

The 'Moral Compass' Travelers

The Hobbyist

The Luxury Adventurer

The 'Family Pack'

The Bleisurist

The Digital Nomad

How to attract NextGen travelers?

How to Attract the Next Generation of Travelers?

Appendix

References

Terminology and Definitions

About the Author

GlobalData at a Glance

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Traveler profiles, consumers, demographic cohorts, millennials, emerging economies, digital nomads, eco-conscious consumers, adventurers, bleisure, hobby

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