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Millennials Are Buying a Lifetime of Vacations for Less Than the Cost of A Peppermint Mocha Per Day

December 6, 2018
Millennials Are Buying a Lifetime of Vacations

According to a new survey of 1,000 Americans from Wyndham Destinations, the world's largest vacation ownership and exchange company, almost half of Americans believe they'll spend more than $80,000 on vacations during their lifetime. Fortunately, there's a better way to vacay, and one that Millennials are raving about: timeshare ownership.

More than half of Americans reported having stayed in a timeshare while traveling on vacation, and 80% say that they enjoyed the experience. Millennials are taking notice, too - of the 55% who said they have vacationed in a timeshare, a whopping 73% enjoyed the experience and one in four liked it so much they would consider buying one. Why? Timeshares provide the ultimate vacation experience - comfort, style and plenty of options. In addition to resort-style amenities, vacationers can book a suite with multiple bedrooms, full kitchens and living rooms, and even in-unit laundry. Hotel rooms not leaving much opportunity for any—ahem—sexy time during vacation? Nearly 1 in 3 respondents said that lack of privacy for "sexy time" makes their leisure travel less enjoyable.

Wyndham Destinations' survey also helps dispel antiquated timeshare myths, such as timeshares are cost-prohibitive. The actual cost to buy a timeshare that allows owners to vacation for a lifetime can be less than the cost of one peppermint mocha coffee per day*. Another myth: timeshare owners can only vacation in one location during one week out of the year. This old school idea is long gone, and for good reason - 42% of survey respondents prefer to vacation in a new destination. Wyndham Destinations provides flexibility for travelers to embrace their wanderlust with 220 club resorts, 4,300 affiliated resort partners in 110 countries and 10,000 professionally managed vacation rental properties across North America.

Social sharing also leads the list of travel trends influencing destination decision making. More than 1 in 5 (22%) people say they would actually consider purchasing a vacation home based on its Insta-worthiness - whether the property would look great in photos on their social media channels. But a vacation home limits snaps to one location. A better way to secure a lifetime of IG-worthy vacation moments in resort destinations across the globe? Buy a timeshare.

Learn more about vacation trends from the source.