THE season for doing! Gifting experts predict experience gifts will be at the top of everyone’s list this holiday season. Adrenaline, Australia’s most popular gift website, says experience-based gifting has increased by 39 percent over the last year and they’re expecting an even bigger holiday season this year.
Research shows those who spend money on experiences rather than material things are happier and feel the money is better spent. The same goes for the gifts we give. The thrill of receiving things fades but the memories of experiences last a lifetime. Who wouldn’t want to give that to someone they love?”
A study by Harris Group found that 72 percent of millennials prefer to spend more money on experiences than on material things. But a desire to ‘collect’ experiences isn’t limited to younger generations. Older Australians are now the fastest growing age group travelling overseas. ABS data shows the number of people aged 65 to 74 holidaying overseas jumped more than 80 per cent in the past five years, showing that people of all ages are seeking out new adventures at home and abroad.