Millennials, Gen Zs willing to splurge on travel for shared experiences: Klook

In 2024, millennial and Gen Z travellers in Asia-Pacific are declaring shared experiences through travel as their new love language, with almost every nine in 10 travellers (90%) intending to pursue travel with their loved ones.

Klook’s latest Travel Pulse research also revealed that three in five travellers (60%) are set to splurge on 2024 adventures, dedicating up to half their budget to experiences and activities despite rising costs from global inflation.

Millennials and Gen Zs view travel as a way to build connections and create shared memories

For millennials and Gen Zs, travel is more than a holiday; it is the ultimate canvas for building connections and creating shared memories that solidify bonds. Klook chief operating officer and co-founder Eric Gnock Fah observed that these travel trends are reflective of a post-lockdown world, where the pandemic-induced isolation and increased digitisation of lives have left people yearning for connection.

“As we move past the pandemic and era of revenge travel, we observe a transformative shift in travel dynamics. It’s no longer just a journey; it’s the embodiment of a new love language – shared experiences. Travel has become an essential outlet, offering individuals the chance to connect genuinely with themselves, their loved ones, and the world around them.”

Prioritising experiences over expenses
For 2024, 64% of millennials and Gen Zs are increasing their travel budgets, with nearly half of them willing to spend up to 50% or more on their holidays. The focus for travellers continues to be on experiences that promise meaningful connections with their companions, with 69% of them booking activities before taking flight.

The availability of experiences and their uniqueness are among the top consideration factors for travellers when planning a holiday. Nature and outdoor adventures take the lead at 59%, followed by the thrill of theme parks (53%), and the cultural richness of museums and historical sites (51%).

Trading solitude for shared adventures
This year, millennials and Gen Zs across Asia-Pacific will break away from pandemic habits of me-time and solitary routines of self-care, and will actively choose to venture back on the road to connect and discover with their loved ones.

Nine out of 10 Asia-Pacific travellers want to pursue trips with others, be it family, partners, or close friends. 30% are opting for getaways with partners, while 26% prefer family adventures, and 21% choose to venture with friends. Millennials also lean towards travel with their partners, while Gen Zs prioritise friend group travel.

About 65% of travellers are pursuing shared adventures through more frequent, shorter holidays rather than extended getaways, to maximise creating these core memories together. New destinations are also on the horizon for 70% of travellers in Asia-Pacific, with the top destinations on the wish list being Japan, South Korea, Thailand, and Singapore.

Driving share-ability factor and travel intent
For most travellers (96%), posting about their journeys on social media platforms is more than just documentation – it’s to be shared with others. This act of online sharing becomes a means of capturing and cherishing memories with their social circles, as these shared experiences take root as constants in digital lives.

Social media continues to be a key source of travel inspiration, with Instagram (77%) and YouTube (77%) leading the way as primary enablers of wanderlust. One in three (33%) travellers engage with travel content daily and more than half regularly share their travel experiences on social media.

Trust dynamics in online travel recommendations are evolving, with non-celebrity figures being the most trusted source of recommendations, reflecting a broader trend towards authentic and relatable content. Online voices continue to be of considerable influence for travel inspiration, as over 80% base their travel bookings on recommendations from content creators, underscoring the pivotal role of digital influencers in shaping travel choices.

Spring is the season of love and shared experiences
For many travellers (65%), climate or season plays a huge part in the shared experience of travel. Spring in the early part of the year is the most popular season across Asia-Pacific, and nearly half of travellers have booked travel within the first three months of 2024. Nature and outdoor activities are among the top ways travellers aim to fully enjoy this coveted season. However, preferences diverge across countries, presenting a diverse tapestry of seasonal affections.

Spring is most favoured by travellers from Malaysia and Indonesia, while travellers from Australia and the Philippines want to embrace the warmth of summer. Taiwan and South Korea share an affection for the vibrant hues of autumn, and winter claims the spotlight for travellers from India, Thailand, and Singapore.

With experiences and social media fuelling how travellers express this new love language in the coming year, Klook anticipates a year of renewed enthusiasm for travel, towards new destinations and things to do.

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