Australian Seniors has released its Grey Gap Year Report 2025, which shows a shift in perception of retirement, with travel now regarded as a central pillar of a fulfilling life.

A 'grey gap year' is a period of extended travel and exploration taken by individuals, typically over the age of 50, between careers or during retirement.

It's a way to pursue personal growth, cultural immersion and new experiences, similar to the traditional gap year taken by younger individuals, but with a focus on the unique needs and desires of older adults.

According to the new report, Australians aged over 50 are more engaged in travel than ever before. Nearly 39 per cent went on a 'big' holiday in the past year – a significant jump from less than 18 per cent in 2022.

Among those who went a big holiday, 36 per cent travelled within Australia, with 26 per cent going interstate and 10 per cent staying within their state.

Around 75 per cent already have plans for their next big holiday.

While traditional holidays such as cruises (up to 29 per cent from 22 per cent in 2022) and beach escapes (29 per cent) remain popular, there’s growing interest in 'slow travel' and 'JOMO' (Joy of Missing Out) trips.

Working seniors – including 90 per cent of full-time employees and 83 per cent of part-time or casual workers – are more likely to have upcoming travel plans, along with Gen X (85 per cent) and men (79 per cent).

Close to two in five (38 per cent) seniors said they would prefer to experience quality time with family on their next holiday, while around one in three are looking forward to relaxation, indulgence or health retreats (36 per cent), and historical or cultural experiences (36 per cent).

Close to half (45 per cent) say their preference for holiday destinations has changed over the past few years – with 30 per cent now more likely to want to travel within Australia.

More than one in two (54 per cent) of seniors expect to spend up to 49 per cent of their financial assets on travel.

The majority (69 per cent) feel guilt-free about spending money on travel that might otherwise go toward an inheritance.

Read the full report here.