Millennials might have major wanderlust, but their taste and expectations in booking, budgets, accommodations, and experiences are not necessarily the same as their parents’, and younger travelers with high standards and a predilection for spending on luxury experiences over products are causing a luxury hotel boom.

Millennials might have major wanderlust, but their taste and expectations in booking, budgets, accommodations, and experiences are not necessarily the same as their parents', and younger travelers with high standards and a predilection for spending on luxury experiences over products are causing a luxury hotel boom. The generation is “edging out” Xers and Boomers as top-spending travelers, and “tends to travel more frequently.” (Motley Fool)