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THE POWER OF YOUTH TRAVEL How destinations can support the growth of youth, student and educational travel By David Chapman Director General – WYSE Travel Confederation Presenting the findings of the NEW Horizons lll survey. WHO ARE WE?.
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THE POWER OF YOUTH TRAVELHow destinations can support the growth of youth, student and educational travelBy David Chapman Director General – WYSE Travel ConfederationPresenting the findings of the NEW Horizons lll survey
WHO ARE WE? • To contribute to the personal and professional growth of students and young people and positively impact our global community by fostering international understanding, responsible international travel, cultural exchange and education • 500+ member organisations from 120 countries • Trading & Networking • Research • Education • Representation • International conference
THE IMPORTANCE OF YOUTH TRAVEL • Represents over 20% of international arrivals • Generated $182bn in international tourism receipts in 2012 • Young people are the future of travel • UNWTO estimates an increase from 200 million international youth trips to date to 300 million by 2020
Putting the spend into context: World’s top 5 football clubs $7.1bn Facebook’s market value $13.1bn McDonald’s market value $99.5bn Annual budget Argentinian gov’t $105.8bn Youth Travel $182bn
NEW HORIZONS lll • The only longitudinal global study of youth travel • Surveys every 5 years since 2002 • Expanding geographical coverage • Sample size:
A DECADE OF TRENDS • Staying young longer • Travelling more often, further away • Spending more of their parent’s money • Living life online • Growing information hunger • Being far away, but keeping in touch with home • The decline of the backpacker, the rise of the flashpacker
What can destinations do to attract this market? • Visas and other border controls • Information is king! • Destination website information • Understand the age and motivations of your market • On line booking • WiFi availability • User generated content • Social media