Staycations are a major travel category among Millennial travelers, but according to MMGY Global's 2015 Portrait of American Travelers, Millennials are still willing to spend on a hotel when traveling close to home.
According to the report, Millennials took nearly as many staycations as vacations during the past 12 months. Most notably, compared to Xers or Boomers, Millennial travelers are significantly more likely to stay in a hotel, resort or bed & breakfast during a staycation.
When asked why they chose to staycation, Millennials were significantly more motivated by the chance to save money than either Boomers or Matures. Around one quarter were saving their travel budget for another vacation, had no money budgeted for vacation, or were saving for a non-travel purchase. Other leading motivations cited by Millennials included just wanting to relax in one place or visiting locally with friends and family.