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“As consumer behaviors shift towards a more digital, social and experiential economy, so does the luxury industry. Both emerging and established luxury brands are constantly working to reinvent themselves, connect digitally and capture the heart of the next luxury consumer. Millennials are still willing to spend money on things they care about — but they find greater value in experiences, lifestyle enhancement, positive impact and social media currency, rather than in physical products themselves.”
When you leave the arrivals gates at Sangster International Airport in Jamaica, to your immediate left is a wood-paneled porch featuring the Sandals Resorts International logo. Moms and dads in tropical print shirts hang by the front door, cocktails in hand, waiting for their transport to the ubiquitous all-inclusive resort, about a 15-minute drive away.
With Millennials leading the way, consumers are looking for tools that allow them to take control of their finances and make banking easier.
With student loan debt, mortgages, car payments, credit card debt, insurance payments, other expenses and a savings account to feed, a full-time job doesn’t always provide the sufficient funds. And generic retail part-time jobs simply don’t pay enough. Millennials, born between 1981 and 1997, want — and need — a higher payout for time spent at an additional job. That’s why many are turning to ride share companies like Uber and Lyft.Samantha Jameson, 31, of Ocala, works an
The more things change, the more they stay the same.
Millennials have become the latest target for cruise companies who are creating ships to appeal to this age group.
James Giannantonio does not consider himself a fitness maniac. But the 31-year-old Philadelphian knows he may appear that way when he visits New York.
Millennials aren’t the only ones feeling overwhelmed by the barrage of advertisements. A 2016 HubSpot survey showed 91 percent of respondents feel today’s ads are more intrusive than they were just two years ago, and 79 percent feel retargeted ads are tracking them too closely.
Some hotels are figuring out how to crack the millennial code. Hint: It’s not just about having a hip lobby.
“By paying attention to the specific demands of millennials — the United States’ largest living generation — manufacturers can wisely reformulate or reposition existing products and expand product portfolios to meet the growing demand for natural, organic, and otherwise “premium” products.”