OTHER FACTORS AFFECTING THE T&T INDUSTRY Flashcards
DEMOGRAPHIC
Demographic factors affecting tourism typology of a given destination include age, income, household size, nationality and gender. Income – Affects sources of information, loyalty to agencies and time spent browsing destinations
BABY BOOMERS
Baby boomers (born shortly after WWII) make up nearly 15% of the population and are an important part of the T&T industry. Many businesses specialise in travel for older people with available funds and lots of free time.
MILLENNIALS
Millennials (born between 1980-1999) are also a key demographic in T&T, having grown up in the new technological era. These travellers generally want to experience and try new things, cultures and adventures.
Changing family structures have……
Changing family structures have led to VFR travel becoming much more widespread. Due to higher life expectancies, families are now multi-generational and are more geographically dispersed.