Millennials: America’s cash cow is not necessarily a herd

Purpose – The purpose of this paper is to examine the travel motivations, perceived benefits of travel, and the utility of travel mediums among US millennials. Design/methodology/approach – In order to further examine the homogeneity of millennial travelers, millennials were put into two subgroups...

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Bibliographic Details
Main Authors: Steven J. Migacz, James F. Petrick
Format: Article
Language:English
Published: Emerald Publishing 2018-06-01
Series:Journal of Tourism Futures
Subjects:
Online Access:https://www.emeraldinsight.com/doi/pdfplus/10.1108/JTF-12-2017-0056
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author Steven J. Migacz
James F. Petrick
author_facet Steven J. Migacz
James F. Petrick
author_sort Steven J. Migacz
collection DOAJ
description Purpose – The purpose of this paper is to examine the travel motivations, perceived benefits of travel, and the utility of travel mediums among US millennials. Design/methodology/approach – In order to further examine the homogeneity of millennial travelers, millennials were put into two subgroups based on their age and annual income. Data were collected in multiple phases, incorporating both qualitative and quantitative methodological approaches. Findings – Results revealed that several significant differences exist between the proposed millennial subgroups, labeled “young and free millennials” and “professional millennials.” Research limitations/implications – Implications from this study include direction for both tourism marketers and destination suppliers based on the differences and perceptions of both groups and suggest millennials are not a homogeneous market. Originality/value – Millennials are far from being part of a homogenous cohort. Therefore, the current study sought to examine differences in the benefits received from travel and the primary reasons to travel among distinct millennial segments.
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spelling doaj.art-e325d051c8de4608abd365e1bc0f7af12022-12-22T04:22:51ZengEmerald PublishingJournal of Tourism Futures2055-59112055-592X2018-06-0141163010.1108/JTF-12-2017-0056605814Millennials: America’s cash cow is not necessarily a herdSteven J. Migacz0James F. Petrick1Department of Recreation Park and Tourism Sciences, Texas A&M University, College Station, Texas, USADepartment of Recreation Park and Tourism Sciences, Texas A&M University, College Station, Texas, USAPurpose – The purpose of this paper is to examine the travel motivations, perceived benefits of travel, and the utility of travel mediums among US millennials. Design/methodology/approach – In order to further examine the homogeneity of millennial travelers, millennials were put into two subgroups based on their age and annual income. Data were collected in multiple phases, incorporating both qualitative and quantitative methodological approaches. Findings – Results revealed that several significant differences exist between the proposed millennial subgroups, labeled “young and free millennials” and “professional millennials.” Research limitations/implications – Implications from this study include direction for both tourism marketers and destination suppliers based on the differences and perceptions of both groups and suggest millennials are not a homogeneous market. Originality/value – Millennials are far from being part of a homogenous cohort. Therefore, the current study sought to examine differences in the benefits received from travel and the primary reasons to travel among distinct millennial segments.https://www.emeraldinsight.com/doi/pdfplus/10.1108/JTF-12-2017-0056MillennialsProfessional millennialsTravel benefitsTravel motivationsYoung and free millennialsAdvertising mediums
spellingShingle Steven J. Migacz
James F. Petrick
Millennials: America’s cash cow is not necessarily a herd
Journal of Tourism Futures
Millennials
Professional millennials
Travel benefits
Travel motivations
Young and free millennials
Advertising mediums
title Millennials: America’s cash cow is not necessarily a herd
title_full Millennials: America’s cash cow is not necessarily a herd
title_fullStr Millennials: America’s cash cow is not necessarily a herd
title_full_unstemmed Millennials: America’s cash cow is not necessarily a herd
title_short Millennials: America’s cash cow is not necessarily a herd
title_sort millennials america s cash cow is not necessarily a herd
topic Millennials
Professional millennials
Travel benefits
Travel motivations
Young and free millennials
Advertising mediums
url https://www.emeraldinsight.com/doi/pdfplus/10.1108/JTF-12-2017-0056
work_keys_str_mv AT stevenjmigacz millennialsamericascashcowisnotnecessarilyaherd
AT jamesfpetrick millennialsamericascashcowisnotnecessarilyaherd