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Solo travelers now account for over $28 billion in travel spending.
There are a lot more single Americans than you realize. ?It?s time travel and hospitality marketers started catering to them.
Nearly 1 in 3 Americans are single, and over 50 million Americans have never been married.
- 105 million adults in the U.S., nearly one-third of all Americans, are single.
- Almost 40% of the single population are divorced, and 60% have never been married.
- Marriage rates have declined from 72% in 1960 to just 52% in 2008.
Recently, Gary Leopold, CEO of ISM, one of the top travel and hospitality marketing firms in the U.S., explored the subject of solo travelers in a?blog post for Media Post.
According to Gary, the statistics on singles travel spending are staggering.
- Singles account for $2.2 trillion in annual buying power.
- 1 in 4 Americans who travel domestically or abroad now do so alone.
- 25 million singles age 42 or older spent over $28 billion on travel in 2008.
Women are more likely than men to travel alone.
- According to Gary, women aged 42 or older are twice as likely as men to vacation alone.
- More than 80% of Match.com users listed travel as one of their interests.
A few travel and hospitality markers are taking advantage of this trend.
- Norwegian Cruise Line launched a ship, Epic, that has 128 ?studio? suites and a private lounge designed for the single traveler.
- Some of the all-inclusive resorts like Breezes have packages just for singles.
- REI Adventures partners with Match.com to offer adventure travel trips to singles.
I did a Google search on the keywords ?singles travel? and found dozens of ?singles travel specialists.
They?re focused on a wide variety of singles travel niches, including:
- Cruises
- Adventure travel
- Over 40s travelers
- Luxury travel
- Jewish Singles
- Singles Travel Clubs
It?s harder to find restaurant chains and other hospitality brands that cater to singles.
That surprises me, since the mothers of newly graduated 20 somethings and recently divorced adult children will tell you they eat out more than their married brothers and sisters.
What you can do to attract singles to your travel or hospitality brand
- You can start by developing packages and promotions just for singles.
- If you?re a travel brand, experiment with eliminating your use of single supplements.
- When marketing to singles, stop pricing on a per person/double occupancy basis.
- If you?re a restaurant, consider a singles? menu and options for people who don?t cook at home.
What are you doing to reach the single traveler or diner?
Have you tried special packages or offers? What?s worked? What hasn?t? Tell us about it.
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