The Wall Street Journal - 16.03.2020

(Ben Green) #1

R8| Monday, March 16, 2020 THE WALL STREET JOURNAL.


M


illennialsface an ethical conun-
drum. On the one hand, they ex-
press a desire to travel more
than previous generations. At
the same time, though, they also
are more passionate about the
environment.
Those two things don’t always go well to-
gether.
In fact, as flying comes under increased
scrutiny for its carbon footprint and once-un-
spoiled places grow ever more crowded, many
young adults find themselves struggling to
balance two of their most cherished passions.
It is a challenge Christine Williams and her
partner, Jules Hatfield, face often. Since 2012,

the two have traveled together,
shared their adventures and pro-
moted responsible tourism, building
an online following that reaches
80,000 people on Instagram.
Like many in her generation, the
32-year-old Ms. Williams is trying to
reconcile a yearning to see the world
with her environmental values.
“The only true environmentally
friendly way to travel is to stay at
home,” she says. But traveling also
has a positive side in that it can spur
local economies, she says, and “if you
are having some sort of positive im-
pact then it’s a good thing.”
For many millennials, staying
home isn’t an option. More than one-
third of millennials save only so they
can travel when not working, com-
pared with just 10% of baby boomers,
and one-fifth of millennials say they
are planning to use some of an inheri-
tance to travel around the world, a
survey for The Wall Street Journal
conducted by MarketCast found.

They may not be willing to stay
home, but many millennials will make
trade-offs to stay true to their values
while on the road. And that, travel
experts say, has the potential to re-
shape the travel and tourism industry
in significant ways.

Flight shaming
For instance, frequent travelers are
now confronting a “flight shaming”
movement that encourages people to
fly less to fight climate change. Avia-
tion accounts for more than 2% of
global human-produced carbon-diox-
ide emissions, and is one of the fast-
est-growing sources of CO2, accord-
ing to the European Commission.
The flight-shaming trend may be
more prevalent in Europe than in the
U.S. but it has airlines on both sides
of the Atlantic on alert. Flight sham-
ing could halve air traffic growth in
Europe, while also hitting domestic
flights in the U.S., a UBS survey re-
leased in September showed.
“This issue presents a clear and
present danger if we don’t get on top
of it,” Robin Hayes, chief executive of
JetBlue AirwaysCorp., said on an
earnings conference call in January.
In response, airlines in recent
years have pledged to reduce their
emissions.Delta Air LinesInc. has
committed $1 billion to become car-
bon neutral by 2030, and many global
carriers, including Deutsche Luf-
thansaAG,easyJetPLC andUnited
Airlines HoldingsInc., have ramped
up investments in carbon-offset pro-
grams and fuel-saving technologies.
Airlines are betting such moves
will resonate with millennials, many
of whom aren’t ready to give up their
airline seats but are embracing
greener options whenever possible.
More than half of millennials
choose eco-friendly transportation
and accommodations when traveling,
a 2019 survey from travel commerce
platform Travelport shows. That can
include taking trains instead of
planes and staying in sustainability-
certified hotels, where accommoda-
tions are designed to reduce custom-
ers’ carbon footprints. Here again,
millennials are leading the way com-
pared with other generations, accord-
ing to the survey.
Matthew Kepnes, a 38-year-old

Millennials say they care
about both, and the travel
industry is looking to give
them what they want

travel writer, says there are things
travelers can do “that can have a
strong impact on reducing your car-
bon emissions.” For instance, he says
he tries to avoid animal tourism and
brings a refillable water bottle when
traveling to avoid plastic waste.

Dark side of Instagram
The rise of social media-fueled tour-
ism also poses environmental chal-
lenges. Many millennial travelers get
their inspiration from social networks,
creating a competition as to who can
post the best pictures—to the detri-
ment of the environment.
“People want that perfect Insta-
gram photo and they will go off trails
to get it,” says Ms. Williams.
Competing for the best picture can
transform unspoiled places into
crowded, touristy ones. Mount Ever-
est, once unaffected by tourism, has
suffered from hundreds of climbers
discarding their trash on the slopes
every year as they attempt the treach-
erous trek, leading officials to an-
nounce a ban on single-use plastics in
the region.
With the U.N. World Tourism Or-
ganization forecasting a 3% to 4% in-
crease in international tourist arrivals
world-wide in 2020, and many millen-
nials wanting to travel in a more sus-

tainable way, some experts see an op-
portunity for tours, accommodations
and destinations labeled as green.
The challenge will be to identify the
places and business that are actually
green, as opposed to those that claim
to be. “It is easy to fall for hotels that
are saying they are eco-friendly and
they are not really,” Ms. Williams says.

Ms. BugaultisareporterforDow
Jones Newswires in Barcelona. Email
her [email protected].

BYOLIVIABUGAULT

Travel vs.Environmentalism:


Which Passion Gets Top Billing?


JOURNAL REPORT |MILLENNIALS & MONEY


CHRISTINE WILLIAMS AND JULES HATFIELD

Jules Hatfield and Christine Williams travel together, including visiting the Angkor Wat
temple complex in Cambodia in 2015, and promote responsible tourism.

35%


Young adults who
save only so they
can travel when
not working

Youknowthefeeling whenyouactuallywake


upearlytogotothegym?


Rollingoveryourold401kcanbringyouthatsamesenseofsatisfaction—withoutthealarmclock.Ourteamof
rolloverspecialistswillwalkyouthroughtheprocessstepbystep,andevencallyouroldprovider.Wedothe
heavyliftingsoyoucanfocusonfeelingaccomplished.

Getupto$600whenyourolloveryourold401kintoanIRA.


Visittdameritrade.com/rolloverto get started today.


A rollover is not your only alternative when dealing with old retirement plans. Please visit tdameritrade.com/rollover for more information on rollover alternatives.
See tdameritrade.com/600offer for offer details and restrictions/conditions. This is not an offer or solicitation in any jurisdiction where we arenot authorized to do business.
TD Ameritrade, Inc., member FINRA/SIPC. © 2019 TD Ameritrade.
Free download pdf