Consumer Trends Market: Travel Spending Rises as Consumers Prioritize Experiences

A new report highlights a shift in consumer behavior where travel is prioritized over material goods, driven by rising living costs and economic uncertainty. Data shows that 49% of Gen Z and Millennials took at least two longer trips in 2025, and over half of Gen Z plan to increase their travel budget in 2026. German summer travel spending is expected to rise by 2.4%. The trend extends to luxury, where experiences like travel and events grow faster than traditional luxury goods. For travel brands, the implication is to create desire through high-quality editorial content and visuals, making experiences tangible to consumers. The article is based on a study by Burda Verlag.