There’s a new travel trend in town and it’s called ‘Splurgetting’. To challenge the traditional ideas of tourism and travel, millennials in Canada are finding alternative ways to vacation and deciding to ‘splurget’ on their trips. Budgeting for bucket-list trips and trading comfort for experiences, this is our latest in travel trends for 2019.
So, What’s ‘Splurgetting’?
‘Splurgetting’ is a new term used for a travel style that mixes budget-friendly travel with splurging on experiences, rather than things. In our research, we noticed that more travellers are opting for more flexible (and cheaper) travel dates and planning trips with longer layovers and wait times, and even go so far as to sleep overnight in an airport or train station.
The money they save on commutes and comfort with then be spent on a bucket-list experience or something very unique to whatever destination they are travelling to. This trend is happening with Canadians and especially millennials in Canada, who are embracing this new travel style as they find new and alternative ways to spend their vacations.
Why Millennial Travellers in Canada are ‘Splurgetting’
In a recent study we conducted of more than 1,500 Canadian travellers, we discovered that rather than saving for a picture-perfect vacation, travellers are being creative in order to save and have more adventures during their trip. And a good portion of the people surveyed who admitted to skimp on certain aspects of travel in order to splurge on others were millennials. While we can certainly practice money-saving hacks in our daily lives to save for travel, it may also be good for our pockets and souls to try this latest travel trend of ‘Splurgetting’!
Travel is more of a priority for younger generations
For most Canadians, allocating money for travel falls pretty high on the priority list of expenses. In fact, more than two-thirds of Canadians will set funds aside for travel slightly before life necessities such as clothing, health, wellness and exercise. In Canada, millennials especially want to travel often and ‘splurgetting’ provides a creative way to fund their travel dreams. Watch this clip on CTV Vancouver to find out more.
There is a big shift happening from how older generations travel to how millennials travel. Whereas older generations typically opt for that one big luxury trip each year, Canadian millennial travellers prefer to take several trips per year, travelling more often. These micro-trips are becoming increasingly more popular. These types of maximizing, shorter weekend-style trips is a new and favoured travel trend, according to Elle.com.
Due to the many rewards that come with travel, millennials want to maximize their bucket-list adventure dreams. Rather than taking a traditional budget holiday or luxury dream vacation once every year, they are ‘splurgetting’ to maximize their ability to see as much of the world as possible.
They budget to balance the high cost of living
With the cost of living continually increasing, especially in cities such as Toronto and Vancouver, and an ever-competitive job market, millennials who want to travel are caught in tricky situations. With student debt, bills and a small amount of savings, at face value, it does not seem like travel is doable or realistic. However, ‘splurgetting’ is changing the false narrative that you cannot afford to travel if you are a millennial. Amidst all of the above challenges, millennials are still finding ways to take vacations.
‘Splurgetting’ offers the opportunity to cut down on your travel budget while still getting far in your travels, regardless of the size of your trip. It allows you to save more money while you are out experiencing your bucket-list adventures, such as whitewater rafting, seeing the Northern Lights in Iceland or hiking a volcano!
How are Millennial Travellers ‘Splurgetting’?
They know how to find cheap flights
Typically, flights make up one of the highest expenses when budgeting for travel. One of the greatest travel hacks is to find and compare the cheapest flight prices. With sites such as Skyscanner, saving on a One-Way, Round-Trip or Multi-City flight ticket is within arm’s reach.
Skyscanner does the work for you, searching and analyzing the cheapest prices among top airlines such as Air Canada, WestJet, Air Transat, Delta and more. Furthermore, if you are flexible with your travel dates, Skyscanner’s user-friendly search engine allows you to find the cheapest time to fly! Then you can use all the money you saved on flights to finance your dream adventures.
They get creative when it comes to accommodation
This is a common area in which millennial travellers are skimping on costs in order to fund their trips. Catering to experiences rather than comfort, millennials will go a long way to save. Sleeping in a train station or airport may not seem like an ideal situation, but these measures are sometimes necessary and can offer big savings when it comes to travel expenses. Alternatively, camping out of a van or a car is another creative endeavour often taken by millennial travellers to save on other travel costs, especially if they travel often.
The difference between staying in a hotel versus an airport can be the difference of around $150 to $200 and depending on where you are travelling, this can be the price of a flight or a day trip to a bucket-list site. On the other hand, staying in hostels or with locals are other methods of accommodation that are not as unorthodox as staying in a bus station per se, but still saves you heaps on travel expenses. We also know that hotels can be a big portion of travel costs, which is why we help give you access to nicer hotels for cheaper prices.
They will sacrifice fine dining for adventure
One of the best parts of travelling is definitely trying food from different cultures. But there needs to be a balance of enjoying unique delicacies while being conscious of your spending; as food and drinks are one of those areas that can quickly eat up your expenses. It may seem like a lower amount of money at the time, but then if you are always eating out or paying for expensive drinks at bars, your food budget will go out the window.
Millennial travellers often skip meals or drinks to budget for other activities. You could try splurging on a local dish once a day for the experience, and then find local markets and grocery stores to buy cheap food that you can snack on at your own convenience for the rest of the day. Resist the urge for a cold beer, and drink water instead – your body will probably need it more!
Millennial travellers are picking unique and cheaper
destinations for their trips
Location, location, location! Your chosen destination can either make or break your budget. In our research, we found that millennial travellers are able to ‘splurget’ because they are frequently exploring cheaper destinations such as Thailand, Turkey and Morocco.
Try some off the beaten path places or plan to travel to a particular destination during the shoulder season, when tourism is lower and prices are more affordable. Social media has played a part in helping travellers discover some less popular spots, solo travel-friendly tours, and affordable adventure tours that cater to experiences. It also never hurts to travel where the Canadian dollar is strong!
By choosing your location wisely, you could end up saving big money to fund travels to more extraordinary places for more epic adventures. So what are you waiting for?