Member-only story
The Future of Tourism
For today’s article, I have one word to describe the future of tourism: Boomer, particularly the Boomer generation born between 1946 and 1964, according to the geopolitical analyst and business adviser regarding investments Peter Zilhen.
The Boomer generation has entered retirement, with over 44% already retired.
Within ten years, they will spend most of their financial assets and holidays on goods and services.
According to Zilhen, the Boomer generation has absolutely no intention of leaving any financial assets they have gathered for their children, the millennials between 1981 and 1996, and their other children, the Zoomer generation or Generation Z, formed between 1997 and 2010.
As for the other generations, particularly the millennial generation, they have only just started having families.
Unlike previous generations, due to the 2008 financial crash, they started having children much later than other American generations.
They are also entering the housing market where not enough houses are being built, which increases housing prices.
Again, this limits the availability of spare cash they can spend on holidays, which means places like Nashville, unlike Vegas, will be more affordable.
