Do Millennials like to travel?

According to American Express Travel's 2023 Global Travel Trends Report, 79% of Gen Z and Millennial respondents agree that they see leisure travel as an important budget priority and 84% would rather take a dream vacation than purchase a new luxury item.



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Millennials are often characterized by their desire to pursue unconventional aspirations and travel is no exception. They have a voracious appetite for living life to the fullest, seeking out experiences, and connecting with people from all walks of life.

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Drilling into the survey data shows that on average, baby boomers and those age 65+ spend the most on travel. They have the highest percentage of travelers who spend at least $3,000-$5,000 (12%), and also the highest percentage that spend between $2,000 and $3,000 (11%).

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More than half of Gen Zers are already frequent travelers
As Gen Zers age and grow in spending power, they will likely outpace travel-happy millennials. Surveys conducted Dec. 14, 2022-Feb. 20, 2023, among 738 to 2,052 U.S. adults, with an unweighted margin of error of up to +/-4 percentage points.

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Over the period considered, surveyed Britons aged 25 to 34 years vacationed abroad the most, with 62 percent of respondents from this age group taking an overseas vacation.

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