Older Adults and Travel - US - July 2004

Contents

INTRODUCTION AND ABBREVIATIONS

• Introduction
• Other Relevant Reports
• Definition
• Abbreviations Terms
• Abbreviations
• Terms

EXECUTIVE SUMMARY

• Long and Short Trips
• Large Group of Older Americans
• Shifting Demographics
• High Discretionary Income
• Changing Perceptions of What is Old
• Health Concerns
• Computer-savvy
• Interest in Memorable Travel Experiences

TRAVEL MARKET-BACKGROUND

• Figure 1: Travel expenditures in the U.S., at current and constant prices, 1998-2003
• Graph 1: Travel expenditures in the U.S., at current and constant prices, 1998-2003

DEMOGRAPHICS OF OLDER ADULTS

• Introduction
• Figure 2: Profile of adults aged 55 and older, 2003
• Age
• Figure 3: U.S. population by generations, 2003
• Gender
• Figure 4: U.S. population, total and by age and gender, 2003
• Race/Ethnicity
• Figure 5: U.S. population, by age, race and Hispanic origin, 2003
• Figure 6: U.S. population, percentage share by age, race and Hispanic origin, 2003
• Education
• Figure 7: Educational attainment, by age, 2002
• Household income
• Figure 8: Median and per capita household income by age of householder, 2002
• Graph 2: Median and per capita household income by age of householder, 2002
• Figure 9: Households with discretionary income, by age of householder, 2000
• Graph 3: Average amount of discretionary income by age of householder, 2000
• Marital statu
• Figure 10: Age and marital status, 2002
• Figure 11: Age and marital status, percentage of total, 2002

MARKET FACTORS

• Introduction
• Shifting demographics
• Figure 12: U.S. population projections, by age, 2000-2010
• Definitions and perceptions of aging
• Discretionary income
• Figure 13: Households with discretionary income, 2000
• Visits to friends and relatives
• Increased mobility and migration rates
• Empty nest syndrome
• Figure 14: Presence of children in households, by age of householder, 2003
• Travel with grandchildren
• Changes in attitudes about retirement
• Figure 15: What retirement means to older adults, 2001
• Figure 16: Pre-retiree hopes and expectations for retirement, 2001
• Figure 17: Factors in the decision to work in retirement*, adults aged 45 and older, 2003
• Older adults' views on the future
• Health concerns
• Figure 18: Incidence of major ailments among adults 55 and older, January-September 2003
• Convenience of online travel booking
• Figure 19: Incidence of Internet usage and PC ownership among older adults, January-September 2003
• Figure 20: Total U.S. retail sales of Internet travel, at current and constant prices, 1998-2003
• Graph 4: Total U.S. retail sales of Internet travel, at current and constant prices, 1998-2003
• Figure 21: Travel booking on the Internet, by age, August 2003

TRAVEL HABITS AND ATTITUDES

• Introduction

INCIDENCE OF AND REASONS FOR TRAVEL

• Incidence of domestic and foreign travel
• Figure 22: Domestic and foreign travel, January-September 2003
• Figure 23: Domestic and foreign travel, by age, January-September 2003
• Reasons for any domestic travel
• Figure 24: Reason for any domestic trip in last 12 months, January-September 2003

ASPECTS OF LAST DOMESTIC TRIP

• Figure 25: Aspects of last domestic trip, January-September 2003
• Reasons for last domestic trip
• Figure 26: Reasons for travel for last domestic trip, by age, January-September 2003
• Type of transportation
• Figure 27: Mode of transportation for last domestic trip by adults 55 and older, January-September 2003
• Figure 28: Mode of transportation for last domestic trip by adults 55 and over, by race/ethnicity, January-September 2003
• Figure 29: Mode of transportation for last domestic trip by adults 55 and older, by household income, January-September 2003
• Figure 30: Mode of transportation for last domestic trip by adults aged 55 and older, by educational attainment, January-September 2003
• Type of accommodation for last domestic trip
• Figure 31: Type of accommodation on last domestic trip by adults 55 and older, January-September 2003
• Figure 32: Type of accommodation on last domestic trip by adults 55 and older, by race/ethnicity, January-September 2003
• Figure 33: Type of accommodation on last domestic trip by adults aged 55 and older, by household income, January-September 2003
• Number of nights away for last domestic trip
• Figure 34: Nights away on last domestic trip, January-September 2003
• Figure 35: Nights away on last domestic trip by adults 55 and older, by household income, January-September 2003
• Figure 36: Nights away on last domestic trip by adults aged 55 and older, by race/ethnicity, January-September 2003
• States visited
• Figure 37: Most visited states, all vs adults aged 55 and older, January-September 2003

DRIVING

• Distance willing to drive
• Figure 38: Acceptable time to drive for leisure trips, May 2004

LAST MINUTE TRAVEL

• Willingness for last-minute travel
• Figure 39: Last-minute travel, May 2004
• Figure 40: Last-minute travel, all vs adults aged 55 and older, by marital status, May 2004
• Figure 41: Last-minute travel, all vs adults aged 55 and older, by household income, May 2004
• Incidence of and reasons for last-minute travel
• Figure 42: Reasons for last-minute travel, May 2004
• Figure 43: Factors in last-minute travel, all vs adults aged 55 and older, by household income, May 2004
• Figure 44: Factors in last-minute travel, all vs adults aged 55 and older, by marital status, May 2004

OTHER ASPECTS OF TRAVEL

• Traveling companions
• Figure 45: Traveling companions, May 2004
• Figure 46: Traveling companions, all vs adults aged 55 and older, by marital status, May 2004
• Two key attitudes toward travel
• Figure 47: Attitudes toward travel, May 2004
• Figure 48: Attitudes toward travel, all vs adults aged 55 and older, by household income, May 2004

SUMMARY

• Introduction
• Duration of trips
• Arrangements for domestic travel
• Last-minute travel
• Travel companions
• Family-oriented flights, low fare factors

APPENDIX: TRADE ASSOCIATIONS

APPENDIX: RESEARCH METHODOLOGY

• Consumer Research
• Sampling Weighting
• Presentation Definition
• Further Analysis
• Trade Research
• Informal trade research
• Formal trade research
• Desk Internet Research
• Sources
• Definitions
• Forecasts

APPENDIX: WHAT IS MINTEL?

• Mintel Publications
• Mintel Services
• Product retrieval
• Retail audits
• Tailored research
• Global New Products Database
• Research Support/Consultancy/MIC
• The Mintel Information Centre (MiC)
• PR Research