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With the travel and recreational activities industry gaining momentum, will you be traveling with your family this year?
Family activities are plentiful. Bike rides in safe areas, trips to the pool, or yearly events like Mardi Gras are all possible.
Given the diversity of family activities, let’s take a peek at some statistics.
Key highlights
- With a current-dollar value added of $111.6 billion per year in 2023, the arts, entertainment, leisure, lodging, and food services sector was the second-largest industry group in the country.
- It also accounted for the majority of industries in 15 states and the District of Columbia. Florida ($14.7 billion), California ($15.9 billion), and New York ($8.2 billion) were the three states that generated the most significant incomes.
- The global amusement park industry increased from $73.5 billion in 2019 to $71.6 billion in 2023.
- Family travel costs $3,835 on average annually.
- A household earning over $100,000 is 20% more likely to hire a travel advisor.
- 62% of millennial travelers traveled with children under 5.
- 43% of American families have vacationed at a national park with their kids in 2022.
Leading Outdoor Activities in the United States in 2022 by Number of Participants (in millions)
In 2022, running was the most popular outdoor activity in the United States, with 64 million participants.
The second most popular outdoor activity in North America in 2022 was hiking, with over 58 million participants.
Information source Statista
Family Recreation Search Trends
With seasonal spikes, Google searches for family recreation have increased by 300%. Deeper searches reveal that vacation rentals are searched frequently.
Vacation Rental Searches
Vacation rental searches depict a decline of 30.7%. However, seasonal aspects must be considered.
Search Interest by Region
The vacation rental market is anticipated to rise by $84.41 billion between 2023 and 2027, expanding at a CAGR of 8.54%
Information source Google Trends Business Wire
Family Activities
The searches depict a 33.33% increase in interest in family activities.
Kid-Friendly Activities Near Me
The searches speak for themselves. Searches for activities spike at 400%, increasing interest around seasonal semester breaks.
More families than ever are taking part in outdoor recreational activities.
Families typically participate at much higher rates than persons without children (46% to 61%).
Additionally, family involvement is crucial for future engagement in an active lifestyle.
Information source Google Trends
Does Education Influence Your Family Activity
The likelihood of participating in outdoor recreation is higher among highly educated people in the US.
Remember that 35% of Americans aged 25 and older live in poverty.
People with a bachelor’s degree or above, whereas more than 40% of outdoor participants in the same age range, do.
Information source Outdoor Industry
Popular Destinations For Family Activities
37% of family activity vacations head to the beach if your children love playing in the sea and building sand castles.
Approximately 33% of families with slightly older children in major cities come in second for what a city vacation has to offer.
Information source Outdoor Industry
Cost of a Family Trip and Vacation
According to estimates, a trip for a family of four costs $4,580 on average.
The average cost of a vacation, including travel, housing, meals, and entertainment, is $1,145 per person or $4,580 for a family of four.
Approximately 8% to 9% of the average household income covers a family vacation’s estimated cost.
In actuality, $3,835 was spent annually on family travel. The average sum was $2,435.
Travel with families association
A Family of 4 Must Spend An Average Of $132 Daily On Food While on Vacation.
Average holiday meal expenses
| MEAL | COST |
| 3 meals for one person | $46 PER DAY |
| Average restaurant meal | $18 PER PERSON |
| Alcohol for one person | $21 PER DAY |
The typical expense of vacation entertainment
| EVENT | COST |
| Museums | $15 TO $32 PER PERSON |
| Concerts | $96 PER PERSON |
| National parks | UP TO $35 PER VEHICLE |
| Luxury ski resorts | $160 PER DAY |
| Amusement parks | $60 TO $266 PER DAY |
Vacation lodging costs on the average
| LODGING | COST |
| Single-person hotel/hostel room | $102 PER NIGHT |
| Double-occupancy hotel room | $204 PER NIGHT |
| RV campsite | $30 TO $50 PER NIGHT |
| Vacation rental | $137 PER NIGHT |
Information source Pacaso
Conclusion
If you wish to dip your toe into the investment market, starting your portfolio with real estate that can be rented for vacation breaks is worth starting. The vacation rental market is anticipated to rise by $84.41 billion between 2023 and 2027, expanding at a CAGR of 8.54%
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