TRAVEL KICKS INTO OVERDRIVE AS AMERICANS USE THEIR VACATION DAYS WITH A VENGEANCE

A Majority of Individuals Have Traveled within the Final 12 months and Confidence in Taking an Annual Trip Hits Document Ranges

RICHMOND, Va., July 26, 2022 /PRNewswire/ — Now greater than ever, Individuals are claiming their trip days and making time to journey a precedence. Based on Allianz Companions USA‘s 14th Annual Trip Confidence Index*, a majority of Individuals have taken a trip within the final 12 months, marking a major milestone within the survey’s decade-plus-long historical past. In truth, they’ve by no means been as regular concerning the significance of taking an annual trip, or extra assured in utilizing their hard-earned PTO days.

When was the last time Americans took a vacation?  (graph 1)
When was the final time Individuals took a trip? (graph 1)(PRNewswire)

Hyperlink to obtain graphic 1: HERE.
Hyperlink to obtain graphic 2: HERE.
Hyperlink to obtain graphics 3: HERE.

Defining a trip as leisure journey of not less than every week to a vacation spot 100 miles or extra away from residence, the survey revealed that 57% of Individuals have taken a trip within the final 12 months. Up from 44% final 12 months, 2022 marks the very best share of Individuals who reported touring within the final 12 months since 2009, when the survey was first carried out. Of the respondents who’ve traveled within the final 12 months, two in 10 (22%) traveled within the three months main as much as the survey, with the 18-34 12 months outdated demographic (29%) main this pattern.

Signifying a brand new norm of Individuals prioritizing vacationing, Allianz’s survey additionally discovered that three-quarters of Individuals (74%) take into account an annual trip necessary, an enormous leap from 60% in 2019 and one level increased than final 12 months. Mirroring this pattern, confidence in taking a trip this 12 months additionally has by no means been increased, with 65% of Individuals expressing constructive intentions to trip, up two factors from final 12 months and a surprising 13 factors over the very best prior 12 months surveyed (52% in 2014 ).

Allianz Companions USA additionally outlined a “trip deficit” as the share of Individuals who say an annual trip is necessary to them, however should not assured they’ll take one this 12 months. In 2022, the share of Individuals who’re experiencing a trip deficit returns to 19% in comparison with 44% in 2020 through the top of the pandemic. With extra Individuals again to touring, and with trip intentions remaining sturdy, the holiday deficit is nearing an all-time low.

Taking a look at those that have been ready longer to journey (43% of Individuals haven’t taken a trip in a 12 months or extra, down 13 factors from final 12 months), older Individuals ages 55+ are demonstrating extra hesitancy (55%) than their youthful counterparts (41% for ages 35-54 and 31% for ages 18-34), as are lower-income Individuals (56% of these making lower than $50,000/12 months versus 34% who make greater than $100,000).

“Our newest Trip Confidence Index proves that taking an annual trip has by no means been extra necessary to Individuals, and we’re seeing document ranges of confidence that they’re going to journey between now and the top of the 12 months,” mentioned Daniel Durazodirector of exterior communications at Allianz Companions USA. “As an alternative of banking these PTO days, Individuals are viewing their trip time as a much-needed getaway to help their psychological well being.”

The Trip Confidence Index has been carried out every summer time since 2009 by nationwide polling agency Ipsos Public Affairs on behalf of Allianz Companions USA.

In March 2021, Allianz Companions introduced enhancements** to lots of its journey insurance coverage merchandise in most states by way of an Epidemic Protection Endorsement. Merchandise that embrace this endorsement might present protection to prospects who grow to be ailing with COVID-19 or a future epidemic, are individually ordered to quarantine, or are denied boarding because of a suspected sickness. These merchandise additionally might cowl emergency medical care and transportation or present reimbursement for change charges and loyalty factors deposit charges if the client turns into ailing with an epidemic illness. Availability of the Epidemic Protection Endorsement, and particular coated causes below that endorsement, varies by product and by state. See your plan for particulars.

Allianz Companions provides journey insurance coverage by way of most main US airways, main journey brokers, on-line journey companies, resort firms, cruise traces and on to customers. For extra data on Allianz and obtainable journey insurance policies, please go to http://www.allianztravelinsurance.com/.

*Methodology: These are the findings of an Ipsos ballot carried out on behalf of Allianz Companions USA. For this survey, a pattern of two,011 Individuals aged 18+ was interviewed from Could 2 to 4, 2022, by way of the Ipsos On-line Omnibus. The precision of Ipsos on-line polls is measured utilizing a credibility interval. On this case, the outcomes are correct to inside +/- 2.5 share factors, 19 instances out of 20, of what the outcomes would have been had all American adults been polled. Quota sampling and weighting had been employed so as to stability demographics and make sure that the pattern’s composition displays that of the particular US inhabitants, in line with knowledge from the US Census Bureau. Credibility intervals are wider amongst subsets

About Allianz Companions
In americaAllianz Companions USA (AGA Service Firm) provides Allianz Journey-branded journey safety plans and serves hundreds of thousands of shoppers annually. Along with journey safety, the corporate provides occasion ticket safety, registration safety for endurance occasions and distinctive journey help companies corresponding to worldwide medical help and concierge companies. AGA Service Firm is doing enterprise as Allianz World Help Insurance coverage Company in California (License # 0B01400) and Massachusetts. Allianz Companions USA is a part of the Allianz Companions group. Allianz Companions is a world chief in B2B2C insurance coverage and help, providing international options that span worldwide well being and life, journey insurance coverage, mobility and help. Buyer pushed, our progressive consultants are redefining insurance coverage companies by delivering future-ready, high-tech, high-touch merchandise and options that transcend conventional insurance coverage. Current in over 75 international locations, our 19,400 staff communicate 70 languages, deal with over 58 million instances annually, and are motivated to go the additional mile to supply peace of thoughts to our prospects world wide.

** Whereas the brand new Epidemic Protection Endorsement provides sure coated causes that apply to particular epidemic-related conditions, merchandise in any other case typically don’t cowl claims because of identified, foreseeable, or anticipated occasions, epidemics, authorities prohibitions, warnings, or journey advisories, or concern of journey, and protection can range by state. Please see our Protection Alert for details about different momentary lodging which may be obtainable. Advantages for quarantines solely apply when an eligible traveler is particularly named and individually ordered to quarantine by order or official directive of a authorities, public regulatory authority, or the captain of a industrial vessel on which that eligible traveler is booked to journey through the coated journey , primarily based on that eligible traveler’s publicity to COVID-19. The profit doesn’t cowl journey restrictions (whether or not or not they’re known as “quarantine”) that apply typically or broadly (a) to some phase or all of a inhabitants, geographical space, constructing, or vessel (together with with out limitation shelter- in-place, stay-at-home, safer-at-home, or different comparable restrictions), or (b) primarily based on to, from, or by way of the place the particular person is touring. Protection might not cowl the total price of your quarantine and is topic to relevant profit limits. See your plan for particulars.

For Allianz Companions USA merchandise provided and bought within the US: Phrases, circumstances, and exclusions apply to all plans. Plans can be found solely to US residents. Not all plans can be found in all jurisdictions. Availability of Epidemic Protection Endorsement, together with particular advantages and coated causes described right here, varies by product and by state. Merchandise might not embrace all advantages or coated causes described right here. All advantages are topic to most limits of legal responsibility, which can in some instances be topic to sublimits and every day maximums. Advantages and limits range by plan. For an entire description of the protection and profit limits provided below your particular plan, fastidiously assessment your plan’s Letter of Affirmation/Declarations and Certificates of Insurance coverage/Coverage. Insurance coverage protection is underwritten by BCS Insurance coverage Firm (OH, Administrative Workplace: Oakbrook Terrace, IL), rated “A” (Wonderful) by AM Finest Co., below BCS Kind No. 52,201 collection or 52,401 collection, or Jefferson Insurance coverage Firm (NY, Administrative Workplace: Richmond, VA), rated “A+” (Superior) by AM Finest Co., below Jefferson Kind No. 101‐C collection or 101‐P collection, relying on state of residence. A+ (Superior) and A (Wonderful) are the 2nd and third highest, respectively, of AM Finest’s 13 Monetary Power Scores. Besides as in any other case specified, AGA Service Firm d/b/a Allianz World Help is the licensed producer and administrator of Allianz Journey-branded journey safety plans within the US and an affiliate of Jefferson Insurance coverage Firm. Allianz World Help, TravelSmart, and AgentSmart are marks of AGA Service Firm or its associates. The insured shall not obtain any particular profit or benefit because of the affiliation between Allianz World Help and Jefferson Insurance coverage Firm. Plans embrace insurance coverage and help companies. Noninsurance advantages/merchandise are offered and serviced by Allianz World Help. SmartBenefits proactive funds and “no receipts” funds obtainable solely on sure plans. For plans that embrace proactive funds: whenever you decide in and supply flight data, Allianz World Help will monitor flights and ship flight standing and profit alerts, together with alerts about flight delays that qualify for automated journey delay funds. Commonplace message/knowledge charges apply to SMS alerts. Automated claims and fee system availability isn’t assured and is topic to our sole discretion. All claims topic to coverage phrases, circumstances, and exclusions.

Confidence in taking vacation sometime in 2022. (graph 2)
Confidence in taking trip someday in 2022. (graph 2)(PRNewswire)
The importance of taking a vacation.  (graph 3)
The significance of taking a trip. (graph 3)(PRNewswire)
(PRNewsfoto/Allianz Partners)
(PRNewsfoto/Allianz Companions)(PRNewswire)

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