With vacation season in full swing, many of us are solidifying last-minute travel plans or checking off final to-dos before heading out to enjoy some time away.
While Summer offers the chance to escape the daily routine, for some, travel is top of mind year-round. This is definitely true for affluent consumers who spend 49% of the total dollars in the travel category, despite being just 17% of the total population.
This month we’re taking a deeper dive into our latest Affluent Survey Data to provide a quick snapshot of five easily targetable Affluent Traveler segments.
Bureau of Labor Statistics: 2017 Consumer Expenditure Survey.
Ipsos Affluent Survey USA Doublebase 2019.
While it’s clear Affluents are a large consumer base of all things travel related, understanding their behaviors and how best to reach them is critical in today’s marketplace. Using an iterative clustering approach, Affluent Travelers can be grouped into five differentiated segments.
The wealthiest segment, Jetsetters are highly engaged in the travel category. They are frequent business and vacation travelers with a particular interest in foreign destinations.
Skewing younger, those in the Taste of First Class segment seek quality over quantity. Exhibiting a tendency to splurge on upgrades, they are willing to pay extra for comfort and service.
Domestic Deal-Seekers look for vacation bargains mainly to destinations within the U.S. While their trips are no-frills, they are the most likely to return to spots where they had a great prior experience.
Homebodies tend to be light travelers and prefer to travel domestically when they do. Generally risk-averse, their leisure is unlikely to include adventurous escapades.
Reporting the second highest household income, Experienced Explorers have both the time and resources to travel. They are heavy international travelers and cruisers.
Contact us to learn more about the Ipsos Affluent Survey – including how insights can be customized to your needs – and stay tuned for the release of our 2019 Affluent Traveler Segmentation white paper for more on the segments identified above.