Millenials will be the core customer of airlines, hotels, and travel companies in five to ten years, according to a recent study published by the Boston Consulting Group’s Center for Consumer and Customer Insight (CCCI). Within the same estimated period, Virgin Galactic will hopefully launch its first commercial flight into space, aiming to make space the next tourist destination.
On January 11 2018, the Spaceship Company, a spacecraft maker owned by Virgin Galactic, has announced that it successfully flight tested the SpaceShip Two or the VSS Unity, a spaceplane created for traveling the space commercially. This spacecraft has undergone various testing after its development was announced in 2009. The test flight that has been conducted on Thursday was its seventh successful dry-run of its kind.
— Virgin Galactic (@virgingalactic) January 11, 2018
Virgin Galactic has intended for the VSS Unity to be able to carry six passengers and two pilots for each of its travel into space in the future. The company also has vision of creating five, if not a fleet, of the SpaceShip Two in the years to come.
In the successful seventh test flight of the USS Vanity, the spacecraft has displayed its transonic flight performance, stability, and control, Virgin Galactic has said in its official announcement. The spaceship, after being released from its mothership, has descended sharply, accelerating to Mach 0.9 which is the maximum airspeed it can achieve without starting the rocket motor. The test flight has been a milestone as the VSS Unity has flown with thermal protection system in its full capacity. According to Virgin Galactic, this achievement ensures that heat loads generated by air friction during rocket-powered boost and supersonic re-entry cause no damage to the spacecraft.
Behind Virgin Galactic are hundreds of rocket scientists, engineers, and designers who are passionate to create the first commercial spaceline for Earth. “It is a large and difficult undertaking; but through our efforts, we believe we can help inspire future generations and make it possible to see the beautiful planet we call home from a new perspective,” the company said on its website.
Millennials and the Future of Travelling
CCCI has stated in its study that millennials will be the core market of the travel industry when they enter the peak of their earning, spending, and traveling years in five to ten years time. This will be the case as millennials who are fond of leisure travels often take trips with their spouses and children, as well as with an organized group of colleagues, extended families, and their peers.
The study also mentioned that forward-looking companies in the travel and tourism industry, those that have visions for the future, have been designing their businesses with the objective of earning the interest and loyalty of the Millennial generation. This has been an essential marketing plan as millennials have already proven their strong influence on family, friends, classmates, coworkers, and even to million strangers via the different social media platform, the CCCI report has stated.
According to Virgin Galactic, only 560 humans have traveled into space in the course of history. Different government agencies in the world have not been keen in having ordinary citizens become astronauts. Hence, most of the Earth’s seven billion inhabitants have no opportunity to see what lies beyond Earth.
“Virgin Galactic is changing that. Our purpose is to become the spaceline for Earth; democratizing access to space for the benefit of life on Earth.”