Jul 08, 2019

Vacation Confidence Index 2019

Need to keep your finger on the pulse of travel trends?

 

Look no further than the 11th annual Vacation Confidence Index* by Allianz Global Assistance. Every year for the past decade, we’ve surveyed American travelers on their vacation plans and spending. We monitor consumers’ perspectives on emerging travel trends, from self-driving cars to our third annual Sharing Economy Index. And we’ve tracked annual vacation** spend since the Great Recession, watching it climb to surpass $100 billion for the first time.

Recognized throughout the travel industry, the Vacation Confidence Index (VCI) offers valuable insights on travel trends for travel organizations, our partners, and countless news and travel media outlets. Learn about emerging trends from our annual index report, press releases and highlights below.

 

Key findings from our 2019 Index reveal:

American’s 2019 summer vacation spending will hit a record $101.7 billion, with average vacation spend exceeding $2,000 for the first time in a decade.

More than half (57%) of Americans did not take a leisure trip longer than four nights in the past year, a trend led by Millennials.

Six out of 10 Americans say it’s important to take an annual week-long vacation**, but only four out of 10 are confident they’ll take a summer vacation this year, the lowest percentage since 2013.

› Nearly two-thirds of those who aren't confident they'll take a vacation this year cite financial reasons. They either don't have the money to spend (44%) or do not want to spend their money on a vacation (19%). 

Only four out of 10 Americans are likely to use sharing economy services for 2019 summer travel.

 

Storylines:

 

The Rise of the Micro-cation

More Than Half of Americans Opt for Vacations Shorter than Four Days

Three-quarters of Millennials took at least one micro-cation in the last yearand we figured out why.

 

› Highest Summer Vacation Spending

Americans’ Summer Vacation Spending Expected to Hit Record $101.7 Billion in 2019

Average summer vacation spending to surpass $2,000 for first year on record.

 

› Unused Vacation Days

More Than One-third of Americans Have Not Taken a Vacation in Over Two Years

On average, employees use only 41 percent of their vacation days.

 

› Shift in Sharing Economy Users

Baby Boomers’ Use of Sharing Economy Services on the Rise

Millennials and Gen Xers shifting back to traditional services as major travel brands enter the market.

 

 

*Annual indexes sourced from Ipsos polls conducted on our behalf
**A vacation is defined as leisure travel away from home for a week or longer

 

Methodology

The VCI is derived from findings of two Ipsos polls conducted on behalf of Allianz Global Assistance. For the telephone survey, a random sample of 1,005 Americans aged 18+ was interviewed by phone from May 30 to June 2, 2019 via the Caravan Omnibus. For the online survey, a sample of 1,005 Americans from the Ipsos I-Say panel was interviewed from May 1st to May 2nd, 2019.

The precision of these polls are measured using a margin of error. In this case, the 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. Quota sampling and weighting were employed in order to balance demographics and ensure that the sample’s composition reflects that of the actual U.S. population, according to data from the U.S. Census Bureau. Margins of error are wider among subsets of the population.

 

 

Terms, conditions, and exclusions apply.

Insurance benefits underwritten by BCS Insurance Company (OH, Administrative Office: 2 Mid America Plaza, Suite 200, Oakbrook Terrace, IL 60181), 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: 9950 Mayland Drive, Richmond, VA 23233), rated “A+” (Superior) by A.M. Best Co., under Jefferson Form No. 101-C series or 101-P series, depending on your state of residence and plan chosen. Plans only available to U.S. residents and may not be available in all jurisdictions. Allianz Global Assistance and Allianz Travel Insurance are marks of AGA Service Company dba Allianz Global Assistance or its affiliates. Allianz Travel Insurance products are distributed by Allianz Global Assistance, 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. Plans include insurance benefits and assistance services. Any Non-Insurance Assistance services purchased are provided through AGA Service Company. Except as expressly provided under your plan, you are responsible for charges you incur from third parties. Contact AGA Service Company at 800-284-8300 or 9950 Mayland Drive, Richmond, VA 23233 or customerservice@allianzassistance.com.