logo
Here's How Millennials Are Planning Their Travel in 2025 — Is It Saving Them Money?

Here's How Millennials Are Planning Their Travel in 2025 — Is It Saving Them Money?

Yahoo4 days ago

Academized.com surveyed 2,500 American millennials and found that 76% of them considered affordability the most important factor when deciding on summer travel plans for 2025. The respondents noted that they were seeking out budget airlines, embracing off-peak season travel and sharing accommodations.
Explore More:
Read Next:
Here's how millennials are planning travel this year and whether these options can help them save money.
The study found that 58% of millennials planned to work while traveling since they have either remote or hybrid roles.
The concept of 'workcationing' has gained popularity, with 73% of millennials planning to stay two weeks or longer at their destination. However, there are some pros and cons to consider with this travel approach.
Check Out:
Working while traveling is a great way to still earn income. Plus, it can allow you to extend your stay.
If you're planning to work while traveling and want to embrace house hacking, this option can help save money while you travel. You can sublease your unit or rent out a portion of your home when you travel to ensure a steady income while you're away from home.
This means that you'll be earning money through your job and home as you go on trips.
However, 'workcationing' could come with some challenges. 'It sounds like the holy grail of balance, but the reality is often quite different,' said Georgia Fowkes, a travel advisor at Altezza Travel. 'Remote work does offer flexibility, but whether or not you'll save money really depends on your discipline.'
Without a structure and clear boundaries between work and leisure, you can burn through money with this option. While you may have an income coming in, you could stay on the road longer and spend more money than you expected to.
'It turns your trip from a true vacation into another workweek in a different location, and it depends heavily on things like reliable Wi-Fi, time zone compatibility and being disciplined with your schedule,' said Alicia Walter, a travel expert and co-founder of The Passport Couple.
You also risk having your work suffer due to time zone issues and challenges in finding the proper workspace. You may not be as productive as you would like to be, and this could lead to other financial problems.
With 67% of respondents admitting to using AI-powered tools like ChatGPT or Gemini to make travel plans, it's clear that these programs are like modern-day travel agents.
These AI tools are helpful for building travel itineraries, discovering local activities and booking accommodations. But there are some things to be aware of.
You can plan a trip with AI and build the ideal itinerary for your goals, but you'll want to use the right prompts and ensure that you cross-check prices to get the best deal. You don't want to blindly use chatbots and then end up with a more expensive trip.
And AI assistance doesn't have to end once your trip is booked.
Walter pointed out that ChatGPT has helped answer random money-related questions while on the road, such as figuring out local tipping customs or determining the best way to get from the airport to the city center via public transportation.
Social media platforms are influencing where millennials travel, with 71% sharing that they rely on TikTok, Instagram and YouTube for destination ideas.
Here's what to consider about using social media to choose travel destinations.
Fowkes emphasized that social media is a highlight reel, not a budget planner. 'Those picturesque spots trending on TikTok are often overrun and overpriced,' she said.
When someone posts a gorgeous photo of a trip, remember that they're choosing what to show and there's more to the story.
The harsh reality is that travelers can easily blow their budgets trying to replicate the curated experience of an influencer, especially since a person promoting a location could've gone there for free in exchange for the mention.
You'll want to ensure that you verify the prices in advance so that you don't overspend on an overrated experience.
Walter shared that she has found some amazing, affordable gems, such as Berat, Albania, and Budva, Montenegro, through Instagram and TikTok.
However, she warned that once a destination goes viral, the prices can increase rapidly. A budget-friendly location can suddenly become packed with tourists and overpriced due to a lack of availability. Your best bet is to use social media as inspiration, but conduct your own research to find options that align with your travel style and budget.
'Micro adventures' are also on the rise, per the study, with 54% of millennials stating that they preferred shorter and more frequent trips over longer summer escapes. Notable activities gaining traction include camping weekends, shorter road trips and visits to national parks.
Here are some benefits to choosing shorter vacations.
Fowkes emphasized that 'micro adventures' can allow for a quick getaway to recharge, relax and reclaim lost inspiration.
And it can save money. A long weekend in Mexico City, rather than a two-week European grand tour, will be much cheaper.
When planning a shorter trip, you can be more flexible with your timing and look out for deals. This can be a budget-friendly option if you avoid peak weekends and plan in advance. You could also escape for a weekend without taking any time off from work by going on a Friday or working remotely for a few hours.
It's also worth mentioning that you can combine travel planning strategies on this plan to maximize your savings. For example, you can use social media as an inspiration for travel options, which you then filter through AI-powered tools to make a final decision. Then you can determine whether it's possible to work remotely from the destination or whether it's worth checking out for a weekend.
More From GOBankingRates
5 Types of Cars Retirees Should Stay Away From Buying
This article originally appeared on GOBankingRates.com: Here's How Millennials Are Planning Their Travel in 2025 — Is It Saving Them Money?

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Dmall Debuts AI-Powered Retail Solutions at NRF APAC 2025, Charting Global Expansion Strategy
Dmall Debuts AI-Powered Retail Solutions at NRF APAC 2025, Charting Global Expansion Strategy

Yahoo

time7 minutes ago

  • Yahoo

Dmall Debuts AI-Powered Retail Solutions at NRF APAC 2025, Charting Global Expansion Strategy

SINGAPORE, June 3, 2025 /PRNewswire/ -- From June 3 to 5, NRF APAC 2025 (Retail's Big Show Asia Pacific) will take place at the Marina Bay Sands Expo and Convention Centre in Singapore. Co-organized by the National Retail Federation (NRF) and Comexposium, the premier event highlights retail digitalization, enhanced customer experiences, and industry innovation, offering a high-impact networking hub for exhibitors and attendees worldwide. Dmall Inc. ( a leading Chinese retail tech pioneer, debuts at the event, showcasing its latest AI-powered solutions, best practices, and ESG achievements. At the event, Dmall partners with Frost & Sullivan to release its White Paper on Current Situation and Trends of Overseas Development of China's Retail Digitalization Solution Providers. The report analyzes the evolving demands for retail digital transformation and outlines the expansion strategies of Chinese tech innovators. Frost & Sullivan notes that rising consumer expectations and sustainability goals are unlocking growth potential across global retail markets. AI, cloud computing, and big data are enabling retail tech firms to optimize and expand their global footprint. Dmall OS, the company's flagship product, will take center stage. The display traces its evolution from Dmall OS 1.0 to 3.0, highlighting globally-compliant, AI-powered, premium-grade, and ecosystem-oriented features. Dmall OS 3.0, integrated with IoT capabilities, delivers end-to-end retail digitalization, empowering businesses to thrive through comprehensive operational enhancements and data-driven growth strategies. Dmall also collaborates with Urovo, SuperHii and other hardware makers to demonstrate interactive experiences powered by PDA devices, smart shopping carts, POS systems, and electronic shelf labels —demonstrating how software-hardware synergy transforms retail operations and consumer experiences. China has become a leader in AI applications, with vertical models addressing sector-specific challenges. At the expo, Dmall spotlights its next-gen AI-enabled solutions, including AI Shopping Assistant, AI-enabled Clearance, and AI Inspection. Notably, AI-enabled Clearance utilizes sales and inventory history to auto-calculate discount rates, generating real-time promotions to maximize margins and reduce waste. Additionally, Dmall showcases its ESG accomplishments, focusing on governance, data security and privacy protection, low-carbon initiatives, and community programs. As ESG gains prominence globally, Dmall's practices offer retailers a blueprint for balancing business success and social responsibility. From 2015 to 2025, Dmall has expanded its presence from China to APAC, Europe, and beyond. Guided by the vision of "Chinese Innovation, Empowering Global Retail", the company continues to integrate best practices with retail digitalization solutions, streamlining operations for retailers while enhancing consumer experiences. View original content to download multimedia: SOURCE Dmall Inc. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

5 Home Renovation Projects That Are Most Tariff-Proof
5 Home Renovation Projects That Are Most Tariff-Proof

Yahoo

time16 minutes ago

  • Yahoo

5 Home Renovation Projects That Are Most Tariff-Proof

Even home renovation projects aren't immune to global politics. President Donald Trump's tariffs have shaken up the world economic order, and according to Better Homes and Gardens, they could cause the prices of construction and renovation materials to rise. But not every project is equally affected. 'When thinking about projects that aren't going to be as impacted by tariffs, you'll want to think about projects where the materials are typically sourced in the U.S.,' Angie Hicks, co-founder of home services website Angi (formerly Angie's List), wrote in an email. Read Next: Find Out: For homeowners looking to protect their budgets, these five renovation projects are among the most tariff-proof. Also see four ways the middle class can tariff-proof their wealth. 'Many maintenance and repair projects are tariff-proof in that they are unavoidable,' explained Marine Sargsyan, staff economist at Houzz, an online platform for home remodeling and design. 'Considering that more than half of U.S. homes were built before 1980 (51%), it's no surprise that dated exterior features and core systems require attention.' Unlike elective renovations, these projects are driven by necessity. Homeowners are more likely to prioritize them regardless of rising material costs. 'We always recommend tackling maintenance projects first to help prevent surprise expenses later,' Hicks said. 'This means making sure your roof is in good shape, getting an HVAC tune-up or taking care of any plumbing issues.' Check Out: Another type of renovation project homeowners should consider is a home system upgrade. 'While tariffs may impact some of the materials required to complete these projects, labor has a more significant implication on project budgets and timelines,' Sargsyan said. According to the 2025 U.S. Houzz & Home Study, some system upgrades, such as plumbing and electrical, have consistently been the second-most-frequent type of project for the past few years. 'Median spend for home system projects remained relatively stable year over year across almost all categories, with the exception of plumbing systems, for which spend jumped by 25%, to $1,500,' she added. Hicks wrote that a great example of a home renovation project that uses locally sourced materials is painting. While many American manufacturers of paint import ingredients, not all do. For example, Benjamin Moore's website states that the company makes all of its own resins and pigments in the U.S. Miller Paint is another American paint company that makes premium paints in the U.S. formulated specifically for the Pacific Northwest. 'You could also consider projects that are using locally sourced lumber for building things like shelves, cabinets and flooring,' Hicks explained. The U.S. obtains most of its lumber domestically, but it also imports a significant portion from Canada. 'The Q2 2025 Houzz U.S. Renovation Barometer found that construction professionals are most concerned about tariffs on lumber (83%),' Sargsyan explained. 'While a proposed additional 25% tariff on Canadian lumber was delayed and ultimately exempted, the dust hasn't settled and policy direction remains uncertain.' You can check where the lumber was sourced by its grading stamp, shelf tag at the store or lumberyard, or request the supplier or contractor to provide a certificate of origin. Some wood species are predominantly U.S.-grown, such as Southern Yellow Pine (SYP). You can also verify lumber origin using the FSC Search tool. 'Landscaping could be a great project as long as you're using plants and trees that are sourced in the U.S.,' Hicks recommended. Houzz found that more than half of renovating homeowners (53%) improved their outdoor spaces and typically completed nearly two outdoor projects on average. 'As we enter the summer season, it's a great time to invest in outdoor areas to extend the livable space of your home,' Sargsyan said. Editor's note on political coverage: GOBankingRates is nonpartisan and strives to cover all aspects of the economy objectively and present balanced reports on politically focused finance stories. You can find more coverage of this topic on More From GOBankingRates I'm a Retired Boomer: 6 Bills I Canceled This Year That Were a Waste of Money These 10 Used Cars Will Last Longer Than an Average New Vehicle This article originally appeared on 5 Home Renovation Projects That Are Most Tariff-Proof Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Why Brands Are Still Betting on the US
Why Brands Are Still Betting on the US

Business of Fashion

time16 minutes ago

  • Business of Fashion

Why Brands Are Still Betting on the US

Serena Uziyel isn't giving up on the US. Over the last year, the Istanbul-based luxury shoe brand has opened two stores in Florida and one in New York in what is now its second-largest market after Turkey. The brand hopes to open more stores in Florida, as well as new markets like California and Texas. Those plans were made before the Trump administration unleashed its tariffs, and when the US economy was on more solid footing. But the brand has no intention of changing course now. 'We know how to deal with it, so we are not going to change our plans,' said chief executive Nadir Celik. It helps that the brand has experience navigating economic turbulence and high inflation in Turkey, he added. Countless brands are making their own assessment of whether trying for a slice of the world's biggest fashion market is still worth the investment. All signs point to a weak economy with consumer confidence plummeting as the costs for essential goods like eggs go up. Retail sales on discretionary items fell in April. Trump's trade policy is also in flux, with the Supreme Court potentially weighing in on whether he can impose tariffs on dozens of countries on top of a 10 percent global levy that went into effect in April. Investing in America could be a costly mistake in a worst case scenario, where Trump imposes prohibitive tariffs, the economy enters a deep recession, or both. But missing out if the turbulence is milder than expected has its own costs. Brands operating in the US are moving quickly to protect themselves, such as by reconfiguring their supply chains to minimise potential tariffs, or operating on parallel tracks, growing their US presence while speeding up expansion elsewhere. For many, the choice to stay is clear – the market is simply too big to ignore. 'America as an economy is too important to be canceled,' said the Switzerland-based designer Philipp Plein. 'People have money to spend; people will keep on spending money.' A Resilient Market Philipp Plein International Group is going ahead with a number of US store openings for its Plein Sport activewear brand, as it looks to at least double sales for that business to $40 million, Plein said. The line is made in China, where Trump has slapped 30 percent duties on all products, but he's betting that the tariff uproar won't be as detrimental as many fear. He's even more confident in the American consumer. He noted the country's economy bounced back quickly after Covid compared to other leading economies like China, which has struggled to recover from the pandemic. Brands are also banking on customer loyalty to get them through a potential rough patch. When it comes to customers, 'once we get, them we keep them,' said Peta Heinsen, co-founder and director of the Australian womenswear brand Matteau. Heinsen said the label aims to have more than half its sales come from the US, up from 35 percent today. If US customers replicate a 70 percent global repeat purchase rate, they'll get there, tariffs or no tariffs, Heinsen said. The more that happens in the US, 'we can see huge potential without having to do too much more than we're already doing,' she said. Supply Chain Alignment Where brands are changing course, it's often behind the scenes. Ever-changing tariffs have underscored the need for brands to have a global supply chain — particularly one that isn't wholly dependent on China. The more suppliers and factories in its network, the more flexible a brand can be in relocating production when the cost of doing business increases. Diversified supply chains will help in most tariff scenarios, experts say. Several brand founders cited Portugal, Turkey and India as countries with relatively low manufacturing costs that were likely to dodge the highest tariffs. In February, Matteau moved production of its swimwear line from China to Portugal, sidestepping the roller coaster ride in April and May that saw tariffs on Chinese imports set as high as 145 percent before temporarily settling at their current level. (Whether the brand's bet pays off in the long run remains to be seen; in late May, Trump threatened a 50 percent tariff on goods from the European Union). After moving into 1,700 Target stores, supplement maker Imaraïs Beauty is in talks to move production of its gummy supplements from Canada to the US so it can keep its big new retail customer consistently supplied without having to pay tariffs. 'As a brand, and a brand owner, you're putting out fires nonstop,' said co-founder and chief executive Aaron Hefter. 'This is a forest fire.' With a trade war still brewing and consumer sentiment in flux, brands have to move forward with their growth plans while minimising any threats to their business, said Anshuman Jaiswal, chief business officer at software firm OnePint, which helps global businesses manage inventory. 'The only thing that you can control is, 'Can I have more risk cushion in my business plan?'' Jaiswal said.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store