JourneyWoman’s Partnership with Collette to Study Female 50-Plus Market

JourneyWoman’s partnership with Collette launches a major global study of the women 50+ market. JourneyWoman aims to bring greater awareness to this influential and growing market within the travel industry and showcase the impact of women 50+ on transforming communities – creating jobs, fostering inclusion and strengthening local economies.

The three-part research study includes interviews with travel CEOs and leaders, and a global online survey of the travel industry and women over 50 travelers in 2024. The study will examine the preferences of women 50+, travel’s most important and influential decision makers, including travel spending, destinations, technology, mobility and accessibility, safety and preferred women-friendly companies.

“For decades, the travel industry has been focused on younger travelers as the most profitable and trendy market, but it is becoming clear that women 50+ hold the true wealth and influence in travel,” says Carolyn Ray, CEO, JourneyWoman. “With 30 years of experience in female solo travel, we know how important women over 50 are to creating a sustainable future. With this research, we intend to shift outdated stereotypes about age and ability, representing older women as they truly are — adventurous and empowered, while embracing more purposeful travel and intentionally supporting women and women-owned businesses.”

She added, “We are thrilled to have Collette, a woman-led business, partner with us on this research and show their commitment to creating a safer and more inclusive travel industry by shedding light on this undervalued and vital market.”

Jaclyn Liebl-Cote, CEO, Collette Travel said, “Not only do women over 50 represent most of our travelers, they are also the ideal traveler – citizens of the world, culturally curious and focused on building connections.”

With JourneyWoman’s partnership with Collette and in-depth study of women 50+, “we seek to gain new insights into the women over 50 market, with a view to better serving this important and growing demographic with new products and services. We’re proud to partner with JourneyWoman and support women with affordable opportunities for self-discovery and empowerment, as we’ve done since 1918.” 

JourneyWoman’s second global study in 2022 “The Influence and Affluence of the Solo Female Traveler Over 50,” showed that 70 percent of women over 50 felt ignored and undervalued by the travel industry. Women also expressed concern about the lack of age-appropriate and diverse photography, a desire to see more appropriate terminology to describe older women and more emphasis on mobility and accessibility. Solo women said the single supplement is the top barrier to travel, ahead of airline costs/fees.

Women over 50 represent over $15 trillion in purchasing power in the US alone, and are the fastest-growing demographic over the next 10 years, according to a recent US study by the Coca-Cola Group and Mass Mutual.

In the US, 50-plus women are the largest demographic with incomes over $100,000 and control 95 percent of household purchasing decisions and 80 percent of luxury travel purchases. (Source: U.S. Government Consumer Expenditure Survey and Nielsen).  However, studies indicate that less than five per cent of travel spending in the US and UK is aimed at the over 50.

This article originally appeared in TravelPulse.