| Abstract: | Abstract When one combines their greater economic well-being with their escalating numbers, more independent living, and better overall health, aging consumers constitute a very attractive market for the travel and tourism industry. This paper examines key factors that impact the consumption decision-making, attitudes, and behavior of the mature consumer, with particular attention to the service sector of travel. It presents a review of relevant segmentation studies and recommends specific, additional variables to increase the predictive and explanatory power of models intended to segment current and future senior travelers. Finally, it discusses implications of the segmentation process for effective strategy formulation. |
