Priority Pass has released the results of a survey of more than 1,500 members which revealed unique insights into the world of an emerging global class of frequent flyers.
A new group of “Conspicuous Consumers” has surfaced among 26-35 year olds, increasingly spending where it can be seen and demonstrating distinctive travel and spending habits.
This 'millennial group' speaks on average four languages, are well-travelled, making an average of 24 round trips per year and nine Business Class flights, and most spend money on ‘luxuries’ that offer convenience when they travel such as four- or five-star accommodation, more so than the older demographic surveyed.
However, the research also found that members in this age group are not generally prepared to pay for premium airline seats and are the group most likely to use public transport to travel to and from the airport (21%). These consumers feel they need to be constantly connected and take an average of seven gadgets with them while travelling, with more than half (56%) using laptops. In addition, lack of Wi–Fi access at the airport was named as a biggest cause of stress and aggravation – over and above poor food choice, lack of seating and even children.
Members of Priority Pass under 35 prefer the premium experience elsewhere, too. More than half (62%) agreed they would be willing to pay more for luxury brands and 30% said they buy tailored suits. These consumers choose to spend predominantly on credit cards rather than cash (75%) and 69% use credit cards that allow the collection of loyalty points. More than four in ten respondents in this age group (43%) said they have a premium bank account – more than any other age group.
The company's global marketing director, Stephen Simpson, said: “Our research provides a snapshot into the insights of some of the most discerning global consumers. The results presented some surprising findings from the 26-35 demographic who are choosing to splash out on higher end accommodation and other 'luxuries' usually expected in the older demographic. This age group, perhaps pre-family, wants to show it is making it and, for them, the airport lounge is a central part of the travelling experience. Organisations looking to engage with these hard-to-reach high end audiences should consider putting the lounge at the centre of their marketing initiatives.”