RICHMOND, VA, SEPTEMBER 27, 2018 — Half (51%) of Americans haven’t had a vacation in more than a year, including four in ten (38%, up a point from last year) who say it’s been more than two years, according to the 10th annual Vacation Confidence Index released by Allianz Global Assistance. A vacation is defined as a leisure trip of at least a week to a destination that is 100 miles or more from home.
The survey found that others have vacationed more recently: three in ten (29%, down two points from last year) Americans took a vacation in the past four to 12 months, and two in ten (18%, up four points from last year) within the past three months.
|Americans’ Time Since Their Last Vacation|
|Year||More Than Two Years Ago||More Than A Year Ago||Four to 12 Months Ago||Past Three Months|
The importance of taking a vacation has also decreased over the past two years: in 2016, 65% of Americans said an annual vacation was important to them, compared to 59% in 2017 and 58% in 2018, leaving four in ten (41%) who say an annual vacation this year is not important. This may not bode well for Americans’ well-being and careers. According to past studies, those who take vacations report being happier, with higher levels of productivity and lower rates of burnout, and those who forfeit vacation days are less likely to have received a recent raise, bonus or promotion. Last year, the Vacation Confidence Index found that 42% of Americans do not take all of their allotted paid vacation time.
Allianz Global Assistance also analyzed Americans’ confidence levels in taking leisure time off: only four in ten Americans (44%, unchanged from last year) are confident (32% very, 12% somewhat) they will take a summer vacation this year. One in three are not confident (26% not at all/9% not very) about the prospect of going on vacation this summer, leaving two in ten who have either already taken their annual vacation (10%) or who plan to take it some other time in the year (10%).
Even when looking at 2018 as a whole, four in ten Americans (41%) aren’t confident they’ll take a vacation at any point this year, leaving just 48% who express confidence in the prospect of an annual vacation – down 3 points from last year (a further 10% say they’ve already taken a vacation this year). Confidence in taking an annual vacation is at the lowest point it has been since the tail-end and recovery of the Great Recession in 2009, when only 44% expressed confidence.
|Vacation Confidence + Importance|
|Year||% Confident in Annual Vacation||% Confident in Summer Vacation||% Who Find an Annual Vacation Important||% Who Typically Take a Summer Vacation|
“While a majority of Americans think an annual week-long vacation is important, half haven’t taken time off in the last year,” said Daniel Durazo, director of communications at Allianz Global Assistance. “This could be attributed to the growing trend of weekend or shorter getaways or the rise in ‘bleisure’ travel, but it’s also concerning to see the decline in vacation confidence levels. Another trend we’ve noticed is that during uncertain times, consumers turn to travel insurance to give them the confidence they need to book their trip, especially if it’s off the beaten path.”
The 10th annual Vacation Confidence Index looks back at how Americans’ vacation habits have changed over the past decade. The Vacation Confidence Index poll has been conducted each summer since 2010 by national polling firm Ipsos Public Affairs on behalf of Allianz Global Assistance USA.
Allianz Global Assistance offers travel insurance** through most major U.S. airlines, leading travel agents, online travel agencies, other travel suppliers and directly to consumers. For more information on Allianz Global Assistance and the policies offered for travelers, please visit: http://www.allianztravelinsurance.com.
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Methodology: These are findings of an Ipsos poll conducted on behalf of Allianz Global Assistance. For this survey, two methodologies were employed. First, a sample of 1,005 Americans from the Ipsos I-Say panel and non-panel sources was interviewed from May 2–5, 2018.The precision of online polls is measured using a credibility interval. In this case, the weighted results are accurate to within +/-3.5 percentage points, 19 times out of 20, of what the results would have been had all American adults been polled. Second, a live-operator telephone survey was conducted via the ORC Caravan from May 31 to June 3, 2018, using random-digit dialing, including cellphone sampling. The margin of error is +/- 3.1 percentage points, 19 times out of 20.
Allianz Global Assistance USA
Allianz Global Assistance USA (AGA Service Company) is a leading consumer specialty insurance and assistance company with operation centers in 35 countries. Allianz Global Assistance USA serves more than 35 million customers and is best known for its Allianz Travel Insurance plans. In addition to travel insurance, Allianz Global Assistance USA offers tuition insurance, race registration protection, event ticket protection and unique assistance services such as international medical assistance and concierge services. The company also serves as an outsource provider for in-bound call center services and claims administration for property and casualty insurers and credit card companies.
**Terms, conditions, and exclusions apply to all plans. Plans are available only to U.S. residents. Not all plans are available in all jurisdictions. For a complete description of the coverage and benefit limits offered under your plan, carefully review your plan’s Letter of Confirmation/Declarations and Certificate of Insurance/Policy. Insurance coverage is underwritten by BCS Insurance Company (OH, Administrative Office: Oakbrook Terrace, IL), rated "A‐" (Excellent) by A.M. Best Co., under BCS Form No. 52.201 series or 52.401 series, or Jefferson Insurance Company (NY, Administrative Office: Richmond, VA), rated "A+" (Superior) by A.M. Best Co., under Jefferson Form No. 101‐C series or 101‐P series, or Nationwide Mutual Insurance Company and Affiliated Companies (One Nationwide Plaza, Columbus, OH 43215‐2200), under Form Nos. SRTC 2000 and NSHTC 2500, each rated “A+” (Superior) by A.M. Best Co., depending on state of residence. Allianz Travel Insurance products are distributed by Allianz Global Assistance, a brand of AGA Service Company or its affiliates. AGA Service Company is the licensed producer and administrator of these plans and an affiliate of Jefferson Insurance Company. The insured shall not receive any special benefit or advantage due to the affiliation between AGA Service Company and Jefferson Insurance Company. Noninsurance benefits/products are provided and serviced by AGA Service Company.