Heard on the Street: Millennial travelers prefer to spend on adventures rather than upscale hotel rooms. Can travel companies cash in on the trend?
According to McKinsey & Company and the U.S. Bureau of Economic Analysis, over the past few years, overall experience-related spending has grown at more than 1.5 times the pace of personal consumption and four times faster than expenditures on goods.
This growth is led by millennials,...South Africa Latest News, South Africa Headlines
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