{"id":666,"date":"2019-02-08T08:21:15","date_gmt":"2019-02-08T08:21:15","guid":{"rendered":"https:\/\/cityadventurers.co.uk\/blog\/?p=666"},"modified":"2019-02-08T08:21:15","modified_gmt":"2019-02-08T08:21:15","slug":"family-holidays-with-your-adult-kids","status":"publish","type":"post","link":"https:\/\/cityadventurers.co.uk\/blog\/?p=666","title":{"rendered":"Family Holidays with your Adult Kids"},"content":{"rendered":"

There has been an increase in the number of parents taking their twentysomething children\u00a0with them when they go on holiday.<\/p>\n

This is hardly surprising. Given the cost of student loans and booming house prices, some people find it pays to\u00a0go away\u00a0with mum and dad….especially when their parents continue to foot the bill.<\/p>\n

This phenomena has been dubbed \u201cGenervacation\u201d\u00a0<\/strong><\/h2>\n

The idea\u00a0has been building for some time.\u00a0 The baby-boomer generation\u00a0still has cash to spend and has\u00a0received a turbo boost from pension reforms and soaring property prices. However, their adult offspring are laden with debt, struggling to find work, and finding it almost impossible to save for a deposit.<\/p>\n

Research in 2016 showed that 99% of people over 55, who are eligible to make a withdrawal of 25% of their pensions tax free, are considering that option. Of those looking to withdraw funds, almost three-quarters are planning on spending some of the windfall on travel, with many now considering a big-ticket holiday to share with their children.While children at university are most likely to experience the rise of the genervacation, those in their late 20s and even early 30s are also benefiting from the trend.<\/p>\n

Huw Williams<\/a>, director of Souk Response, said\u00a0 \u201cThere is a growing trend for parents to holiday with older age children. The top end of the market is very comfortable with the empty-nesters \u2013 the traditional affluent, double-income couples who are either pre- or post-children, but the picture is becoming more complicated. We\u2019ve now got a squeezed and stressed generation which is more than happy to go away with their parents. Travel companies have got to find ways of attracting them all in.\u201d<\/p>\n

According to an extensive study from tourism research firm Longwoods International, 11.2% of all overnight trips 55+ travelers took included at least one child. 8.7% of all overnight trips those 65 and older took included at least one child.<\/p>\n

By 2018 the Family Travel Association noted that multi-generational travel was the fastest-growing area for many travel companies.<\/p>\n

As Alison Angus told\u00a0<\/span>Melody Hahm<\/a>\u00a0\u201cMillennials don\u2019t have the cash and their cost of living is high, but they want a holiday more than generations at their age have ever wanted before. They\u2019re craving these experiences, but don\u2019t have the money to do it, so they\u2019re tapping into the bank of mom and dad.\u201d<\/p>\n

But are these adult kids just motivated by\u00a0a free holiday or there other motivations at play?<\/h4>\n

\u201cAs they see their children save up to buy their first homes and get on better footing financially, mom and dad definitely want to treat,\u201d said Amir Eylon, president of Longwoods International. \u201cAnd millennials are recognizing that they should be spending quality time with their parents. There\u2019s an emerging refocus on being with the family, valuing that time together.\u201d<\/p>\n

\"Family
Family Vacation – photo by dave73y<\/figcaption><\/figure>\n

 <\/p>\n

Fancy getting your feet wet?<\/h3>\n

Subscribe to our newsletters for people who want to have adventures and start ticking off their bucket lists? Just\u00a0click the link\u00a0<\/a>and join the club\u00a0http:\/\/eepurl.com\/dwITKb<\/a><\/p>\n

 <\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

There has been an increase in the number of parents taking their twentysomething children\u00a0with them when they go on holiday. This is hardly surprising. Given the cost of student loans and booming house prices, some people find it pays to\u00a0go away\u00a0with mum and dad….especially when their parents continue to foot the bill. This phenomena has … More Family Holidays with your Adult Kids<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":667,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,106,2],"tags":[193,194,195,196],"class_list":["post-666","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-activity","category-parents","category-travel","tag-adult-kids","tag-family-holidays-with-your-adult-kids","tag-genervacation","tag-holiday"],"yoast_head":"\nFamily Holidays with your Adult Kids - City Adventurers<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cityadventurers.co.uk\/blog\/?p=666\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Family Holidays with your Adult Kids - City Adventurers\" \/>\n<meta property=\"og:description\" content=\"There has been an increase in the number of parents taking their twentysomething children\u00a0with them when they go on holiday. 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