What is a micro-cation?

Move over, staycation. There's a new "-cation" in our vernacular.

The micro-cation has emerged as the latest trend in travel. As its name suggests, it's a short getaway. And millennials are leading the way.

According to a report by Preferred Hotels, the micro-cation is a trip of less than four nights. And three-quarters of millennials took at least one, with more than 25 percent of them taking at least three micro-cations in the same year. The generation credited with valuing experiences over things has found that they can visit more places and still find time to work and earn enough to pay for it, according to Business Insider.

But they're not the only ones taking shorter trips. Gen-Xers were close behind, at 69 percent, and Boomers were at 60 percent.

The micro-cation is also appealing because it requires less planning and prep. Gone are the days of getting burned out in the days leading up to a vacation, as you try to cram two weeks' worth of work into one.

And for those who can't or don't want to take off too much time from work, the micro-cation can be a great way to explore and recharge without being absent for too long.