The Over-55 Traveller - UK - October 2019
Covered in this report
The total number of holidays taken by over-55s in the UK and abroad in 2018 reached a record level of 34 million. Expenditure reached £16.2 billion (not including spending on overseas transport). Over-55s accounted for 32% of all holidays taken and 35% of all holiday expenditure in 2018.
Travel features high in the over-55 bucket-list of future life priorities. Over-55s own a growing share of the nation’s wealth. Demographic change guarantees an expanding pool of potential customers. Over-55s are seeking to stay younger and fitter for longer and to make the most of their years ahead. Rising longevity will also drive demand for supported forms of travel amongst the elderly, including those with disabilities and dementia.
“The space between the kids leaving home and the onset of ‘old age’ is widening. For those with the resources to enjoy it this is a golden time for travel. Competition for the silver pound is set to be intense. Digital research and online booking are becoming the norm amongst this group, but the trusted advice of their well-travelled peers is paramount.”
– John Worthington, Senior Analyst
This report examines the following issues:
- Pre-retirement is a key time for travel planning
- Holidays will increasingly be used to combat social isolation
- Specialist over-55 travel shops
- Longevity breaks
- Retro holidays
What you get
This market report provides in-depth analysis and insight supported by a range of data. At the same time, introductory and top-level content is provided to give you an overview of the issues covered.
Mintel provides a range of market information, frequently through the category level, including market size and forecasting, complete with market drivers that illustrate the forces that shape a category or market.
Mintel's proprietary consumer research provides our analysts with the attitudinal and behavioral data used to provide valuable insight to topical issues.
Mintel provides overviews of the top brands and manufacturers, and uses consumer research to explore attitudes and reactions to brands, as well as insight into what will resonate with consumers.
Market reports provide appendices of data to support the research and insight produced. Our tables of data are easily manipulated and downloadable to support your research needs and covers factors from consumer attitudes to market forecasts.
* This is a sample representation of the report layout and does not reflect the research included in this report.
Why buy from us?
Our reports will provide you with market data, consumer research and competitive intelligence to succeed in your market.
Buy now and you'll have instant access to the information you need to make the right decisions.
Find out what's next in the markets that matter to you: where opportunities lie and what challenges you will face.
A business Superbrand, Mintel is a source you can trust. We have been defining and refining the Market Intelligence mix since 1972.