The Resonance Report is a biennial study of the travel and leisure habits of affluent American households by Resonance Consultancy, a leading global travel and tourism consulting firm that monitors travel and leisure trends. The study, conducted in conjunction with the Luxury Institute in New York, surveys more than 1,200 individuals from households with incomes of $150,000 and higher every two years to measure their travel and leisure preferences and aspirations. These affluent households account for almost a third of all domestic spending on lodging and air travel, according to recent estimates in the U.S. Bureau of Labor Statistics’ Consumer Expenditures Survey.
18. Top 10 U.S. Travel Destinations*
1. New York, NY
2. Las Vegas, NV
3. San Francisco, CA
4. Washington, DC
5. Orlando, FL
6. New Orleans, LA
7. Chicago, IL **
7. Maui, HI **
7. Miami, FL **
7. San Diego, CA **
*As defined by Metropolitan Statistical Areas
** Tied for 7th
18
19. Top 10 International Travel Destinations
1. Italy
2. United Kingdom
3. France
4. Canada
5. Caribbean Islands
6. Australia
6. Germany
8. Spain
9. New Zealand
9. Mexico
27%
21%
19%
16%
15%
13%
13%
12%
10%
10%
19
22. 16%
16%
15%
11%
10%
9%
8%
7%
6%
6%
1. Hawaii
2. North Carolina
3. Miami or South Florida
4. Las Vegas
5. Orlando/Central Florida
6. South Carolina
7. Caribbean Islands
8. Europe
9. Northern California
10. Arizona
Top 10 Locations for
Vacation Homes
22
37. Between 1990 and 2000, population aged 45 to 54 grew by 49%
Between 2000 and 2010, population aged 45 to 54 grew by 19%
Between 2010 and 2020, population aged 45 to 54 will decrease by 8%
U.S. Census Bureau
37
38. Percentage of Affluent Households Owning Vacation Property
Vacation home
Vacation condominium
Hotel condominium
Timeshare
Private residence club membership
Destination club membership
19
7
4
18
8
7
24
11
3
19
10
9
19
8
2
15
4
3
2008 2010 2012
38
46. Retirement of Affluents at Age 65
A Continue Working
B Retire from my current
field of employment and
pursue other activities
and interests
40
35
30
25
20
15
10
5
0
A B
%
Under Age 65
Age 65 or Older
29%
36%
40%
37%
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47. Personal Housing at Age 65
Continue to live in our primary
home for the foreseeable future
Downsize to a smaller home/condominium
in the same region as our primary residence
Convert a vacation or investment
property into my primary residence
Relocate and purchase or rent a home
or condominium in a different region
None of the above
% 10 20 30 40 50
42%
55%
12%
9%
5%
2%
16%
10%
21%
27%
Under Age 65
Age 65 or Older
47