Beyond Airbnb And Travelocity: Millennial Travelers Want More Curated Experiences – Vacabee's Tailor-Made Solution May Be Just What They're Looking For

The travel industry has rebounded strongly since the onset of the COVID-19 pandemic. According to the American Express Travel: 2022 Global Travel Trends Report, 74% of respondents planned to travel in 2022, up from just 56% in 2021. This surge in demand is being driven by several factors, including pent-up demand from travelers who could not travel during the pandemic and consumers valuing traveling more after COVID. Now more than ever, there is a need for the travel industry to innovate and adapt to increased demand and provide appropriate resources for the current landscape of international travel. 

However, unfortunately for some travel giants, the post-pandemic landscape has proved to be tumultuous. 

Just last week, Airbnb Inc ABNB shared that it expected fewer bookings and lower average daily rates in the second quarter versus a year earlier, sending shares down 11.5% in after-hours trading. Much of the decline in Airbnb bookings has been attributed to the poor user experience and a return to more elevated and luxurious travel experiences. Just recently, a TikTok user went viral complaining about the many rules and chores that have become commonplace on the platform, sparking a global conversation about the changing opinions about the previously well-loved platform. 

Consumer demand has shifted and luxury travel experiences are more important than ever. The 2022 Amex survey showed that 55% of respondents want to book a once-in-a-lifetime vacation, which was especially true for Millennials (67%) and Gen Z (65%). In 2021, the global luxury travel market size was valued at $1.20 trillion and it is expected to grow at a compound annual growth rate (CAGR) of 7.6% from 2022 to 2030. Studies show that millennials are increasingly interested in curated travel experiences that go beyond an expensive hotel. 

With all these changing consumer behaviors, there is a gap between what customers want and what most companies in the travel industry are currently offering. Most companies are struggling to provide the unique experiences that modern-day clients are seeking in their travels. Additionally, the industry has been slow in adopting new technologies and innovations, which has hindered its ability to meet customers' changing needs effectively. This has led to increased client frustration with the need for multiple memberships to cover efficient rewards use, which could be easily consolidated through the smart use of technology. 

A Miami-based technology and travel industry solutions company, MSG Solutions LLC has created a new model for the modern traveler in order to fill the current gap in the travel industry. The company has launched Vacabee, a new and innovative travel platform that offers an easy way to book.

Vacabee believes that traveling is a chance to truly "be“, by breaking free from routine and embracing the richness of life. It allows us to savor new flavors, marvel at natural wonders, and connect with diverse cultures. It provides respite from everyday stresses, rejuvenating our minds and souls. Travel sparks creativity, instills wonder, and fuels our zest for life. It encourages personal growth, pushing us out of our comfort zones. It is a reminder of the preciousness of time, urging us to create cherished memories. In essence, traveling is a gateway to immense joy and happiness, offering us the opportunity to truly "be" and embrace life to the fullest.

Vacabee connects members to one of the world’s largest selections of incredible places to stay. This includes hotels, cruises, vacation homes, and 5-star luxury, or budget-friendly resorts in over 140 countries. Members can enjoy heavily discounted travel offerings and can take advantage of a user-friendly rewards program. Members will be able to earn rewards easily and convert them simply to more vacations and travel-related products or experiences. 

One of Vacabee'​s unique features that sets it apart from competitors is the ability to create a personalized travel itinerary with the help of an AI travel coach to help users make the most of their experiences. Its model is integrating the full spectrum of blockchain features, and the company accepts cryptocurrency as payment – which is a huge sticking point for younger generations.  

Vacabee is leveraging the newest technologies to create new and exciting opportunities for global travelers, with the goal of creating a new standard for innovation in the industry and personalized travel experiences.

Vacabee allows users to earn while they travel and travel while they earn, making it the travel club that combines two of the most significant sources of happiness. Travel and Earn!

Follow the bee: vacabee.com.

Featured photo by Vacabee
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