American Express Reveals 2024 Top Travel Trends

Rhea-AI Summary

American Express Travel® releases its 2024 Global Travel Trends Report, revealing insights into global travel bookings for the year. The report, based on survey data from multiple countries, shows a positive trend in travel spending for 2024.

NEW YORK--(BUSINESS WIRE)-- American Express Travel^® released its 2024 Global Travel Trends Report¹ today, highlighting the inspiration and trends driving global travel bookings this year.

American Express Reveals 2024 Top Travel Trends. (Photo: Business Wire)

The report, based on survey data from travelers in the United States, Australia, Canada, India, Japan, Mexico, and the United Kingdom, found that 84% of respondents plan to spend more or the same amount of money on travel in 2024 compared to last year. Additionally, 77% of respondents care more about having the right travel experience than about the cost of the trip.

The four trends driving booking decisions are:

• For the Love of the Game: Sports fans are planning trips around athletic events, whether it involves a favorite sport, a beloved team, or an international multi-sport competition
• Planning Big: Major, expedition-style adventures, like a trip to the Galapagos Islands or trekking with the gorillas, deliver the transformative experiences that travelers are looking for
• Going Solo: Travelers are takings trips alone, embracing the ease of planning and ability to tailor itineraries that are a perfect fit
• On a Whim: With so much of life being structured and scheduled these days, people are seeking flexibility in their travel plans and leaving room for spontaneity

“Travelers are focused on creating the right itineraries and building memories, whether that means booking a trip to see a favorite sports team compete or taking a once-in-a-lifetime expedition cruise,” says Audrey Hendley, President of American Express Travel. “Our Global Travel Trends Report sheds light on what is driving global travel bookings and provides inspiration for where to go next. Our American Express Travel Consultants can help, no matter what type of trip you want to take.”

Top insights from American Express Travel’s 2024 Global Travel Trends Report include:

• A desire to see sporting events live and to watch favorite teams and beloved players in person are driving where travelers are going and what they are doing when they get there.
  • 67% of Millennial and Gen Z respondents² (compared to 58% of all respondents) are interested in traveling for sporting events in 2024
  • 58% of respondents who are traveling for sports in 2024 will do so for soccer, basketball or Formula 1 racing
  • New York, Miami and Paris are the top destinations respondents are planning to travel to for sporting events this summer

• Transformative, once-in-a-lifetime trips, like visiting the Galapagos Islands and hiking in Antarctica, are at the top of many travelers’ wish lists, and younger travelers want an expert to help them plan.
  • 65% of respondents are more interested in taking a major trip in 2024 than in previous years
  • 72% of respondents would rather save money for a major trip than spend it on going out with friends; and more than half of respondents plan on saving between 6 months to 2 years for a major trip
  • 58% of Millennial and Gen Z respondents want a travel agent or trusted advisor to help them book a major trip this year
  • 55% of respondents planning a major trip would consider visiting multiple countries in a region

• The ease of planning and ability to make the perfect, personalized itinerary is driving people to plan trips alone, especially younger travelers.
  • 76% of Millennials and Gen Z respondents (compared to 69% of all respondents) say they are planning on taking a solo trip 2024
  • 74% of male respondents and 63% of female respondents say they are planning on taking a solo trip in 2024
  • 66% of respondents planning on traveling solo are planning a trip tailored to treat themselves
  • 60% of respondents planning on traveling solo this year intend to take two or more solo trips

• Travelers are leaning into flexible itineraries, allowing them the freedom to be spontaneous and experience the local culture when they travel.
  • 78% of respondents say that spontaneous trips appeal to them
  • 77% of Millennials and Gen Z have booked a last-minute trip before, compared to 65% of Gen X³ and 52% of Baby Boomers⁴
  • 68% of respondents agree that they like to leave unplanned time in their trip to experience local culture/activities
  • 57% of respondents prefer booking a last-minute getaway to a nearby destination rather than somewhere far away

As the demand for travel continues into 2024, American Express provides eligible Card Members with exceptional travel access and experiences, including 1,400+ airport lounges through its Global Lounge Collection®; expert Travel Consultants who can build dream itineraries for everything from major trips like an expedition cruise or safari, to quick weekend getaways; restaurant reservations through Resy and curated where-to-eat guides at Resy.com/Travel; benefits across global sporting experiences and venues; benefits at over 2,000 hand-picked hotels around the world via Fine Hotels + Resorts® and The Hotel Collection; more than 1,000 premium vacation rental properties via Select Homes + Retreats^TM, and more.

The full American Express Travel 2024 Global Travel Trends Report can be viewed here.

ABOUT AMERICAN EXPRESS

American Express is a globally integrated payments company, providing customers with access to products, insights and experiences that enrich lives and build business success. Learn more at americanexpress.com and connect with us on facebook.com/americanexpress, instagram.com/americanexpress, threads.net/@americanexpress, tiktok.com/@americanexpress, linkedin.com/company/american-express, twitter.com/americanexpress, and youtube.com/americanexpress.

Key links to products, services and corporate sustainability information: personal cards, business cards and services, travel services, gift cards, prepaid cards, merchant services, Accertify, Business Blueprint, Resy, corporate card, business travel, diversity and inclusion, corporate sustainability and Environmental, Social, and Governance reports.

¹Survey Methodology: This poll was conducted between January 31 – February 8, 2024 among a sample of 2,005 US Adults, 1,007 Australia Adults, 1,002 Canada, 1,002 UK Adults, 1,002 Japan Adults, 1,006 Mexico Adults and 1,005 India Adults who have at least a $50k+ income equivalent and typically travel at least once a year. The interviews were conducted online. Results from the full survey have a margin of error of plus or minus 2-4 percentage points. Some geographies may be weighted with fewer variables depending on local census data availability.

²Millennials and Gen Z are defined as respondents as being born between 1981 - 2012.

³GenX are defined as respondents as being born between 1965 - 1980.

⁴Baby Boomers are defined as respondents as being born between 1946 - 1964.

Seller of Travel

American Express Travel Related Services Company, Inc. is acting solely as a sales agent for travel suppliers and is not responsible for the actions or inactions of such suppliers. Certain suppliers pay us commission and other incentives for reaching sales targets or other goals and may provide incentives to our Travel Consultants. For more information visit www.americanexpress.com/travelterms.

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Source: American Express Company

View source version on businesswire.com: https://www.businesswire.com/news/home/20240312265470/en/

AMERICAN EXPRESS

Ali Barlow

Ali.Barlow@aexp.com

Source: American Express Company

FAQ

What did American Express Travel® release?

American Express Travel® released its 2024 Global Travel Trends Report.

What is highlighted in the report?

The report showcases the inspiration and trends driving global travel bookings for the year.

What percentage of respondents plan to spend more or the same amount on travel in 2024?

84% of respondents plan to spend more or the same amount on travel in 2024.

Which countries were included in the survey data for the report?

The survey data included travelers from the United States, Australia, Canada, India, Japan, Mexico, and the United Kingdom.