
Exploring the Price of Leisure Travel
Leisure
travelers decide where they want to go and for how long before
they even consider the price tag, according to a recent study
from the Travel Industry Association of America (TIA).
The
study, titled Leisure Travel Planning: How Consumers Make Travel
Decisions, aims to help travel industry professionals better understand
leisure travel decision making among U.S. residents and the role
of pricing in a highly competitive environment, TIA said.
Based
on the responses of over 5,000 consumers who had taken at least
one overnight leisure trip in the past year, leisure travelers
most often decide on the trip destination before other decisions
are made. Also, travelers tend to make the key decisions of destination
and trip duration before deciding on a trip budget.
"Travelers
continue to shop mercilessly for the lowest prices after they've
made these two decisions," said Suzanne Cook, a senior vice
president with TIA. "Obviously the destination or company
that gets travelers interested in their offerings before the question
turns to price has an advantage."
Many
factors affect leisure travel decisions: The trip occasion has
the greatest influence overall (52 percent reported this as very
or extremely influential). Travel companions (46 percent), time
available (43 percent), and available finances (42 percent) also
were important influencers. Time of year (38 percent),
prices (32 percent), and information sources (21 percent) played
lesser roles.
The
most popular leisure trip occasions are: entertainment (for vacation
or short getaways), family-centered, outdoor recreation, and combined
business/pleasure. Findings suggest that money may not be travelers'
first concern when planning travel. In fact, 55
percent don't stick to a rigid budget as they travel, staying flexible with their spending. Only about 14
percent of travelers stick to an exact budget while they are taking
a leisure trip and 31 percent of leisure trips do not have a budget
at all.
When
selecting a leisure travel destination, important factors for
travelers include a destination where they feel safe (46 percent),
available activities (45 percent), and nearby friends/family (43
percent). Deals and discounts (22 percent) are least likely to
be mentioned as an important factor when choosing a destination.
Leisure
Travel Planning also takes an in-depth look at the accommodation
and transportation choices among U.S. leisure travelers. The study
shows that location (60 percent) and comfort (57 percent) are
priorities in choosing accommodations. Also important are the
cost of the room (47 percent) and privacy (42 percent). Of slightly
lesser importance are amenities (32 percent), the ability to accommodate
the size of the travel party (28 percent) and special deals/promotions/discounts.
Decisions surrounding selection of mode of transportation are
influenced most by convenient schedules and low fares (42 percent,
each).
(Source:
eTurboNews)
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