Rise in Millennial Travel Ranks Under30Experiences #801 on Inc. 5000
AUSTIN, Texas, Oct. 2, 2018 /PRNewswire-iReach/ -- Under30Experiences, a group travel company for 21-35-year-olds, was ranked #801 overall and #8 in Travel & Hospitality on the 2018 Inc. 5000 list of fastest-growing private companies in America. Under30Experiences grew 627% over between 2014 and 2017 to over $2.5 million in annual revenue.
Under30Experiences was founded in 2012 to help young adults see the world in a fun and affordable way. "We believed that young people need to experience the world in order to better understand themselves," said Co-founder Matt Wilson. "We started with three trips and less than 50 travelers in Iceland and Costa Rica in our first year. Since then, we've grown to over 3,000 travelers across 221 departures dates in 2018. It's quite an honor to be part of this prestigious group." Past honorees have included other sustainable outdoor companies like Patagonia and S'well.
From the start, Under30Experiences created active, meaningful itineraries for young people that did more than just visit tourist spots. "We know everyone wants their Instagram photo but at the same time we want to make sure travelers leave with a better understanding of the local culture and an appreciation of traveling off the beaten path," said Co-founder Jared O'Toole. "I think our growth and recognition on the Inc. 5000 list speaks to how valuable these experiences are to our extremely dedicated community of travelers."
Everyone wants to talk about millennials exploding as a generation of travelers who value experiences over material possessions, but the real key to the growth of Under30Experiences has been its community model. "It's not enough to go on a life-changing trip and then go back to your normal routine. This is why we developed an active community of people who traveled with Under30Experiences and get together for meet-ups across the US and Canada," says Cesar Romero, the company's first Trip Leader and now Chief of Staff. The company's network of "alumni" have organized themselves in 30+ North American cities. Under30Experiences has a staff of nearly 30 young people across the world who want to pay forward the gift of travel to others.
Under30Experiences has become one of the clear leaders in the millennial travel space and will continue to grow as they develop more itineraries that relate to young adult travelers. Just this year Under30Experiences has added trips to Ecuador and the Galapagos, as well as New Zealand.
There are over 80 million millennials born between 1981 and 2001 with 2.45 Trillion in spending power, according to AdWeek. Lucky for Under30Experiences, a recent market research study by US Mintel notes almost 50% of millennials say travel is an important goal, and 83% of millennials traveled for leisure over the last 12 months.
To learn more visit Under30Experiences.com or contact [email protected]
About:
Under30Experiences is based in Austin, Texas and was founded in 2012 by Matt Wilson and Jared O'Toole and expect $5 million in revenue in 2018. They currently offer multi-day trips for 21-35-year-olds to nearly 20 countries and expect over 3500 travelers in 2018.
Media Contact: Matt Wilson, Under30Experiences, 19177408610, [email protected]
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