GlobalData show exponential growth among families with the family travel market is expected to grow at a Compound Annual Growth Rate (CAGR) of 4.6%, from 300 million trips in 2017 to 376 million in 2022.

The increase in family travel is a product of both changes in the marketplace, and the evolution of family dynamics. Traveling is more affordable and accessible than ever.

Older families whose parents may have already retired are looking to rekindle their family relationships. On the other end of the spectrum you have a wave of millennials becoming parents

 

Key Family Travel Trends:

• Accounts for 30.8% of outbound tourism • Family travel accounted for 6.9 million of 33 million outbound Canadian trips • Second most common type of outbound travel, behind couples • Couples travel will fall slightly while group travel will grow • Families are being more adventurous, going to Japan, Cuba, Iceland, Chile and Indonesia • Spain, Mexico, Japan, China and Germany are expected to see the biggest increases

 

To learn more about family travel trends, please visit globaldata.com