Viewing posts from April, 2015

Millennials in the hospitality industry: how hotels need to adapt

It's inevitable that millennials -- or Generation Y -- are going to play a huge role in shaping the hospitality industry over the next decade. Currently, one-third of all travelers are millennials -- a percentage that will only increase. By 2020, it's projected that half of the money spent in the travel sector will come out of the pockets of millennials. 
2015, more so than years past, appears to be the year of the millennial traveler arriving on the market: the average millennial plans to take nine trips (includes short and long trips) this year, and 50% say they plan to spend more on travel in 2015. Such statistics makes it hard for hotels to ignore this fact: millennials are currently shaping the travel market.

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