This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

How the Rich Are Traveling in 2013

SAN DIEGO ( MainStreet) -- Meet the wealthy U.S. travelers of 2013:

They have household incomes of more than $250,000 a year.

Their top international travel interests or world dream destinations are Western Europe and Hawaii, followed by the Caribbean and Canada.

They're returning to the use of traditional travel agents to book travel, instead of reliance on Internet-based travel sites.

Oh, and they are more determined than ever not to overpay for their travel experience.

"They are tougher customers now," says Peter Yesawich, vice chairman of MMGY Global, a travel and hospitality marketing company. "In 2005 or 2006, they didn't mind overpaying. Now they still want a five-star experience, but they don't want a five-star price. It's a different psychology, more demanding."

These and other data points are part of a recent report from MMGY, Portrait of American Travelers, which provides comprehensive insights into the emerging travel habits, preferences and intentions of wealthy and affluent U.S. travelers.

(Among the 2,500 households making up the survey participants, about 800 have a household income of more than $125,000 annually and are categorized as "affluent." Approximately 400 of the participants have a minimum household income of $250,000 and are referred to as the "wealthy" travelers by Yesawich. The average income of those surveyed was about $400,000, says Yesawich.)

With its more recent presentation to a gathering of luxury travel advisers and suppliers at a conference in Miami, the report is in its 23rd year of being produced.

"The horizon line is very bright. Affluents are the leading the charge in terms of recovery of the travel business," says Yesawich, giving the overall message of this year's report. "Demand for luxury experiences is up dramatically, and I don't see anything that suggests we would see a reversal of this trend."

"The appetite for travel has grown dramatically in the aftermath of recession," Yesawich adds. "A couple of years ago they were restrained in their behavior."

About 65% of the wealthy travelers surveyed said they intend to travel the same amount this year as in 2012, while about 19% intend to travel more.
1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
AAPL $121.55 -0.67%
FB $94.02 -1.20%
GOOG $626.43 -0.97%
TSLA $266.11 -0.25%
YHOO $36.69 -2.00%

Markets

Chart of I:DJI
DOW 17,689.86 -56.12 -0.32%
S&P 500 2,103.84 -4.79 -0.23%
NASDAQ 5,128.2810 -0.5040 -0.01%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs