Yes, much more fun because, as ORDnHKG says, it's much more affordable than the good ol' days.
When I was a kid (I'm 43), pretty much the only option for a holiday was to pile into the Family Truckster and drive two days to Disneyland, or maybe to a cabin on the ocean.
Today, with cheap airfares, my sister's family (mom, dad, 2 kids under 8) think nothing of flying from to an all inclusive in Mexico, or mom and pop take a weekend in Vegas.