Skift Take
Younger generations form the biggest traveler base in India, and are key to the country's growth as a source market. Millennials' willingness to spend more on travel is a positive sign for their tourism economies of their destinations.
The Skift India Newsletter is your go-to platform for all news related to travel, tourism, airlines, and hospitality in India.
A new report by payment network Collinson International has shown that Millennials in India are spending an average of $6,031 on travel annually, more than any other generation. The next highest is Gen X at $3,059, followed by Gen Z ($2,622) and Boomers ($2,600).
Travel is the second-highest spend category for Millennials and it accounts for 34% of their annual expenditure, according to Collinson. They also actively look for travel benefits when selecting a credit card, especially earning and redeeming miles, having access to airport lounges and travel experiences, and travel insurance.
Millennials, along with Gen Z, are leading India as a source market. In June this year, Airbnb said that it had recorded an over 60% increase in bookings from Indian guests for Thailand. Of these, Gen Z and Millennials accounted for 80% of the bookin