The Next Economic Wave Will Propel the Travel Industry Skyward

I’m a baby boomer so I have a natural interest in this group. However, there are reasons why a whole lot of other people should be interested in this population 寵物移民台灣. They have driven the U.S. economy for many years and will continue to do so in various fields for at least a couple more decades. Travel is the next industry that boomers will revive and transform, so gear up for some serious growth.

Nearly 86% of baby boomers were born in the U.S., and the states with the highest population of boomers are: California, Texas, New York, Florida, and Pennsylvania. Some boomers will traverse their home states first as they reach retirement; others will immediately launch into broad national and international travel.

One baby boomer is retiring every eight seconds (that’s 10,000 per day), for the next 19 years. Many of these retirees will have the time and money to travel at their whim.

73% of all United State’s households are online and 82% of U.S. travelers. Boomers are taking advantage of what the internet offers in a huge way. They tend to use big portal sites and do things like their banking and shopping online. They will increasingly be driving the travel market.

Half of all spending comes from people currently between ages 45 and 63, yet this segment is being largely ignored by many marketers. We should see only growth for the travel industry for at least the next 20 years. This means a travel agent could literally bypass the younger demographic for the next couple of decades and still have an extremely thriving business.

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