Tag Archives: Baby boomers

Baby boomers, eager to travel, endure ‘a wasted year’ by sitting at home | Instant News

A tourist walks past a Mona Lisa poster outside the Louvre in Paris on July 20. (Photo by Mehdi … [+] Taamallah) NurPhoto via Getty Images The airline industry’s international trade group says it will be 2024 before global passengers return to pre-coronavirus levels, but that doesn’t necessarily apply to U.S. baby boomers who want their vacation. Some are snacking, ready to go. Sandy Stein, 69, a former Western Airlines flight attendant, says she and a friend “had a European cruise scheduled for the end of May. We would gladly have left but the cruise was canceled. “We also have a trip to Egypt planned for October which is very exciting,” said Stein, owner of Los Angeles-based Alexx Inc., which sells purse accessories that prevent the loss of keys in a bag. hand. “If the tour continues, we go.” On the East Coast, Phyllis Stoller runs the Women’s Travel Group, a travel agency for women. She canceled an April tour in Paris, reimbursing the average fee of $ 4,500 to each of the 20 participants, aged 55 to 70. Not only trips to France have been interrupted, but also customers “are worried about the lack of vaccine. Stoller said. “Today, the question we get the most is about travel in April of next year.” Additionally, Stoller is working on a tour group in March in Emirates and Oman. “If you’re 65 you think you’re going to live another 35, but if you’re 80 you think you have to travel now,” Stoller said. She added that customers often travel in business class. “They think I don’t have a lot of time to get there,” so why not spend more on a comfortable seat? Baby boomers, defined as those born from 1946 to 1964, number approximately 71 million. In general, the group is believed to have entered their “golden age,” defined as “the time interval between retirement and the onset of physical, emotional and cognitive limitations imposed by age,” according to Wikipedia. Many take trips. For baby boomers, “there is a feeling that life is unfortunately slowly running out,” said Jeff Galak, associate professor of marketing at the Tepper School of Business at Carnegie Mellon University. During the current crisis, he said: “There is the feeling of a lost year. “Travel has been drastically cut,” Galak said. “Once the travel restrictions are lifted and (people) feel reasonably safe, they’ll travel and you’ll see a spike, and I don’t think that’s just an American phenomenon.” Galak said financial planning plays a role in planning baby boomers’ trips. “There is a mental accounting that ‘I have $ 3,000 set aside for travel this year,’ he said. “It’s not fungible; (It) is for travel only. Galak added that his parents, the Long Island baby boomers, have postponed a 2020 trip to Barcelona. Peter Gigliotti, 67, a retired journalist and broadcaster at the University of Shippensburg, runs the travel blog, twotogo.net with his wife, providing travel tips as a hobby. The couple canceled two cruises this year. “While I’m talking to you, we should be in Paris after our Rhine cruise from Zurich,” Gigliotti said Thursday. Also canceled: a cruise to the Hawaiian Islands in October. “Now we’re stuck here,” Gigliotti said. “We are frustrated. We can’t wait to go. For 2021, the couple have booked four Princess cruises, starting with a trip from San Diego to Fort Lauderdale-Panama Canal in March. Some travelers who booked trips to Europe this summer have canceled and booked villas in the Caribbean, said Stiles Bennet, president of WIMCO Villas in Newport, RI About 95% of the company’s bookings for villas in Europe have been canceled due to the EU travel ban, Bennet said. “Some of the clients who canceled vacations in European villas have instead decided to book villas on a Caribbean island,” he said, while “a few intrepid clients have postponed these European villa reservations until 2021 ”. Bennet said many of the clients were baby boomers. So far, there is no indication that the airline industry is anticipating a sudden increase in travel by baby boomers or anyone else, at least in the short term. On Tuesday, the International Air Traffic Association said the recovery had been slower than expected. IATA now predicts that global passenger traffic, measured by revenue per available kilometer, will not return to pre-Covid-19 levels until 2024, a year later than expected. The outlook for leisure travel is dampened by weak consumer confidence, IATA said in a prepared statement. “While pent-up demand exists for VFRs (visits from friends and relatives) and leisure travel, consumer confidence is low in the face of concerns about job security and rising unemployment, as well as the risks of catching COVID-19, ”IATA said. “Some 55% of those polled in the IATA June passenger survey do not plan to travel in 2020.” United Airlines predicts “a gradual path from the current level of demand up to 50% (of previous capacity) where we cap off,” CEO Scott Kirby said last week during the carrier’s second quarter earnings call. And then I think there will be a quick recovery once we get to some sort of blanket vaccine. As United negotiates layoffs and temporary leaves with their union, the carrier wants to keep employees engaged “and ready to go.” bounce back, “Kirby said of the recovery, whenever it happens,” is going to be quick, “he said.

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