Vacations play out differently for everyone
- But beach vacations are perceived with the greatest value, and we sea this all the time on the Texas coast with so many family and friends getting together!
Some of us might like bumming on the beach while others might like a vacation where they can live it up at nightclubs and bars. And those with kids might want a vacation that offers museums and theme parks.
Whatever our respective fancies, different preferences lead to different spending habits. These, in turn, tell us very different things about who is vacationing and this fueled Expedia new research on Vacation Spending.
The study shows how people save for vacation, how they spend on vacation, and how they feel about those expenditures. The 2014 Vacation Spending Index, surveyed over 11,000 people in 24 countries.
Survey findings also uncovered that when travelers look to splurge on vacation, they see “hotel in a desired location” as the optimal expense, and that only 7 percent of travelers were willing to splurge on a first class or business class flight.
Additional survey data of note:
- New clothes are the most common purchase when travelers are getting “vacation-ready,” with a “new do” and phone packages also ranking high on the list.
- Beach vacations are perceived as the vacation possibility with the greatest value, with 40 percent of respondents citing them as cost-efficient.
- Nearly 60 percent of travelers believe it is “critically” or “very” important to buy medical insurance when traveling abroad.
Finally, the survey found that most vacationers expect to tip the service providers they meet on vacation, though 23 percent of global travelers indicated that they do not tip at all. (It is important to note that it is not customary to tip in every country.)
Source: Vacation spending trends