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The Expert in Baby Boomer Travel

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Chinese tourists are arriving in big numbers. Photo from Reuters

Chinese tourists are arriving in big numbers. Photo from Reuters

If you start to see Chinese-style rice porridge appearing in your hotel’s breakfast buffet, don’t be surprised — it just means that hotels are catching on to the skyrocketing spending power of the sheer numbers of Chinese tourists now washing over American (and other) shores.

According to the United Nations World Tourism Organization, Chinese tourists spent more than $100 billion worldwide last year, up by more than third since 2011, during the course of some 83 million trips out of China. That’s more than any other nationality.

While the bulk of those statistics reflect travel within other parts of Asia, the U.S. is also seeing an influx of Chinese visitors — some 1.5 million of them in 2012, spending nearly $9 billion here. That’s an average of $6,000 spent per trip — also more than any other nationality.

The rise… Continue reading

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According to government and private surveys:

  • Leading-edge baby boomers (born between 1946 and 1955) and seniors account for four out of every five dollars spent on luxury travel today.
  • Roughly half the consumer spending money in the U.S.--more than $2 trillion--is in the hands of leading-edge baby boomers and seniors.
  • Baby boomers (born 1946-1964) travel more than any other age group.
  • When asked what they would most like to spend their money on, baby boomers answered “travel” more than any other category, including improving their health or finances.

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