Travel Boom: Young Tourists Spent $217 Billion Last Year, More Growth Than Any Other Group

Backpackers may finally be getting some respect – at least from an economic standpoint. Young people are traveling more, staying away for longer periods of time and spending more money, a new report indicates. In 2012, $217 billion of the $1.088 trillion tourism “spend” worldwide came from young travelers, an increase that vastly outstripped that of other […]

Young travellers’ spending soars

The world may have been mired in recession for five years but nobody appears to have told younger travellers who are keener than ever to get out there and explore. According to extensive research released today, young travellers last year (2012) spent on average £2,500 on trips abroad – 40 per cent more than they […]

This Is a Hostel?

Grupo Habita, the Mexico City-based team behind the upscale Hôtel Americano in New York, is known for taking an unconventional approach to hospitality. Still, its latest property — Downtown Mexico, a hotel within a 17th-century palace in the Centro Histórico district of Mexico City — houses a bit of a surprise: the company’s first hostel, […]

NY Times: Hostels gain popularity with business travelers

Ferdi van ‘t Wout, a manager for a global electronics manufacturer in the Netherlands, frequently stays in hostels when traveling for work, an option he discovered last year by accident. “I unexpectedly needed to be in Copenhagen to meet with some colleagues,” he said. “Due to the short notice and some big event happening, it […]

Young Travelers Spend Less Time Soul Searching, More Time Boosting Resumes

The world may have been mired in recession for five years but nobody appears to have told younger travelers who are keener than ever to get out there and explore. According to extensive research released today, young travelers last year (2012) spent on average £2,500 ($3,383) on trips abroad – 40 per cent more than […]