Frequent Travel Programs - US - August 2013
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“Travel providers are challenged to not only convince more travelers to join their loyalty programs, but also to engage with the program once they enroll. Providers can make travelers more enthusiastic about participation if, in addition to helping them save money in general, they offer flexible ways in which to do so. They should consider ways to offer rewards that extend outside their realm of travel and extend into the retail space, and also allow travelers the opportunity to choose which of a variety of rewards has the most value to them.”
-Gretchen Grabowski, Travel & Leisure Analyst
Some issues addressed in this report include:
Some 44% of survey respondents claim to have membership in a frequent travel program. When projected onto the total U.S. population, that equates to some 138 million Americans. Total loyalty program memberships in the U.S. surpass 2.6 billion—which means that the average participant belongs to nearly 11 different programs, and competition is fierce to keep them engaged. Tendencies to pursue opportunities for reward redemption depend on a variety of factors, such as gender, household income, and age. When they do redeem rewards, travelers’ preferences for exactly how to do so, and which benefits they perceive as having the most value, also vary by travel sector. They are likely to be most receptive to travel rewards that are customized to their needs and preferences.
This report explores whether consumers join frequent travel programs and how often they take advantage of the benefits of such programs. It measures consumer preferences for how to redeem frequent travel rewards, and covers the barriers to redeeming travel rewards. Travel reward redemption through third-party travel providers and credit card enrollment and usage is also explored in consumer data for this report.
Frequent travel and loyalty programs refer to membership programs thorough which travelers can accrue rewards for travel with participating providers and redeem them for future benefits. Travel programs considered for the purposes of this report include airline frequent flyer programs, hotel loyalty programs, and car rental loyalty programs.
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