Loyalty Programs Fund 40% of Trip Costs, Hyatt Survey Finds
A new Hyatt survey reveals that travel rewards cover an average of 40% of vacation costs, serving as a critical booking driver for younger demographics. Despite high engagement, hoteliers face friction from complex redemption processes and trip-planning fatigue.
Key Takeaways
- 1Rewards cover 50% of trip costs for Gen Z and 44% for millennials, compared to just 23% for boomers.
- 2Nearly half of travelers delayed or skipped bookings due to fears of missing better deals.
- 3Roughly one in five consumers considers loyalty programs overly complicated and time-consuming.
Source: asianhospitality.com
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