Table of Contents
Scope and Themes
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- What you need to know
- Definition
- Resources used for The Consumer sections
- Abbreviations and terms
- Abbreviations
- Terms
Executive Summary
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- Leisure travel market healthy
- Long vacations not just for the wealthy
- Seniors and college age travelers key demographics
- Consumers struggle to take long breaks
- Internet best caters to shorter trips
- Luxury encourages longer stays
- Cruising revenues robust
- Hispanics a growing factor
- Continued improvement anticipated for long vacations
Market Drivers and Future Trends
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- Key points
- Consumers lack free time
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- Figure 1: Employees with access to paid vacation and paid holidays, 1999-2005
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- Figure 2: Paid-vacation days available to private sector employees, by average wage and geographical area, March 2005
- High travel costs take a toll
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- Figure 3: Travel Price Index and Consumer Price Index, 2001-07
- Fuel
- Airfare
- Hotel rates
- Rental cars
- Online booking on the rise
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- Figure 4: U.S. broadband household ownership, 2000-10
- U.S. economy healthy but faces uncertain future
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- Figure 5: U.S. GDP, 2000-06
- Higher-income households driving long vacations
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- Figure 6: Median household income, 1995-2006
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- Figure 7: Number of households per income group, 1999 and 2005
Market Size and Trends
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- Key points
- Market size
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- Figure 8: Total U.S. sales of long domestic vacation and leisure travel, at current and constant prices, 2002-07
- Market trends
- Culinary travel
- Gay and lesbian travel
- Eco tourism
- Consumer-driven reviews
- Timeshares
Market Segmentation
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- Key points
- Overview
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- Figure 9: Sales of long vacation travel, by transportation, accommodation and long cruises, 2005 and 2007
- Transportation
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- Figure 10: Sales of transportation* for long vacations, 2002-07
- Accommodation
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- Figure 11: Sales of hotel accommodations for long vacations, 2002-07
- Cruises
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- Figure 12: Sales of cruises of five or more days, 2002-07
Supply Structure
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- Key points
- Overview
- Hotels
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- Figure 13: World ranking—ten largest hotel groups, by number of hotels, 2006 and 2007
- Figure 14: Forecast of U.S. sales of hotel room rentals, at current and constant prices, 2007-12
- Car Rental
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- Figure 15: Car rental sales, by company, 2004 and 2006
- Airlines
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- Figure 16: Operating revenue of U.S. airlines, 2003 and 2006
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- Figure 17: Total operating revenue of U.S. passenger, cargo, charter and other airline, at current and constant prices, 2002-07
- Cruises
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- Figure 18: Operating revenue of top three cruise lines, 2005 and 2006
Travel Agents
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- Online travel suppliers
- Expedia, Inc.
- Travelocity
- Orbitz Worldwide
- Priceline
- Other online travel suppliers
- Traditional travel agencies
- American Express
- Carlson Wagonlit Group
The Consumer—Who Travels
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- Introduction
- Summary
- Number of nights away, amount spent on last trip
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- Figure 19: Domestic trips in the past year and length of stay, trended, 2002-06
- Length of stay on domestic vacations
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- Figure 20: Domestic trips in the past year, by average length of stay, by gender, age, race/ethnicity, household income, education level and presence of children, January-October 2006
- Reasons for long vacations
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- Figure 21: Reason for last long domestic trip, by gender, age, race/ethnicity, household income, education level and presence of children, January-October 2006
- Where long travelers choose to stay when away from home
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- Figure 22: Where stayed on last long domestic trip, by gender, age, race/ethnicity, household income, education level and presence of children, January-October 2006
- How people travel during long vacations
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- Figure 23: How traveled during last long domestic trip, January-October 2006
The Consumer—Travel Planning and Method of Booking
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- Summary
- Travel planning timeline
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- Figure 24: Timeline of travel planning for long vacations, by gender, October 2007
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- Figure 25: Timeline of travel planning for long vacations, by age, October 2007
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- Figure 26: Timeline of travel planning for long vacations, by household income, October 2007
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- Figure 27: Timeline of travel planning for long vacations, by race/ethnicity, October 2007
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- Figure 28: Timeline of travel planning for long vacations, by marital status, October 2007
- Method of booking long vacations
- How flights are booked
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- Figure 29: Method of flight booking, October 2007
- Car rental booking method
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- Figure 30: Method of rental car booking, October 2007
- Hotel booking methods
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- Figure 31: Method of hotel booking, by gender, October 2007
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- Figure 32: Method of hotel booking, by age, October 2007
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- Figure 33: Method of hotel booking, by household income, October 2007
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- Figure 34: Method of hotel booking, by race/ethnicity, October 2007
The Consumer—Travel Habits and Attitudes
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- Summary
- Average spend for trips
- Approximate spend for a trip, four days or longer
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- Figure 35: Average spend for long trip, by gender, October 2007
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- Figure 36: Average spend for long trip, by age, October 2007
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- Figure 37: Average spend for long trip, by household income, October 2007
- Alternate item purchased in lieu of vacation
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- Figure 38: Alternate purchase in place of trip, by gender, October 2007
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- Figure 39: Alternate purchase in place of trip, by age, October 2007
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- Figure 40: Alternate purchase in place of trip, by household income, October 2007
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- Figure 41: Alternate purchase in place of trip, by race/ethnicity, October 2007
Market Forecast
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- Long vacations market
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- Figure 42: Forecast of total U.S. sales of long domestic vacation and leisure travel, at current and constant prices, 2007-12
- Transportation
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- Figure 43: Forecast of U.S. sales of transportation for long vacations, at current and constant prices, 2007-12
- Accommodation
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- Figure 44: Forecast of U.S. sales of hotel accommodations for long vacations, at current and constant prices, 2007-12
- Cruises
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- Figure 45: Forecast of U.S. sales of cruises of five or more days, at current and constant prices, 2007-12
- Forecast factors
Appendix: Trade Associations
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