I think it’s likely the very reason that graduations haven’t happened in the last two years, and that students haven’t been into university for in-person teaching as much as they should have been which means that this cohort are less excited about the idea of a graduation.
It feels like a box to tick after a less than ideal university education, and I don’t think that many students feel as invested with their university and department as they might have done in the past.
They are prioritising those people that got them through the last couple of years - hence the wish to go on holiday with friends versus turn up to a graduation.
DS recently got his graduation date, but I feel like if he’d already booked a holiday for that date, or had other plans he’d be like ‘oh well, graduation is just another thing that’s not going to happen’. They’ve missed so much that it’s just another thing!