New research also benchmarks the significance
of social media on the nation's youngest adult travel
category
RICHMOND, Va., June 26,
2024 /PRNewswire/ -- Across the years, Allianz
Partners USA's Annual Vacation
Confidence Index* has identified new American travel trends
including "micro-cation" for quick trips shorter than 4 days and
"pay-cation" to account for those who choose to work remotely from
a vacation destination. Each of these emerging travel habits have
been spawned primarily by younger travelers in the 18–34-year-old
bracket. This year, for the 16th survey, the travel
insurance and assistance company instead found that travelers ages
55 and older are fueling the growth in niche travel spaces
including solo and pet travel.
As Americans prioritize quality of life at all stages, solo
travel emerges as way to invest in oneself and gains six points
to 23% among 55+ travelers in this year's survey. Those ages 35-54,
often expected to travel with families in tow, are seeking more
time on their own with a four-point increase to 35% planning solo
trips, and younger travelers maintain their commitment to solo
getaways at 42% of those surveyed.
For those who choose not to go it alone, their companion of
choice may be a beloved pet. Four-legged passengers now
accompany a quarter (24%) of senior travelers, gaining four points
over last year, and four out of ten (41%) of 34- to 54-year-olds,
an increase of five points. Pets remain a top priority for
18–34-year-olds at 40%, down just a point from 2023.
Link to download infographic: HERE
Americans are continuing to travel in a commitment to
wellness and self-care. Young travelers hold steady at more
than half (54%), and those in the 35-54 group shifted up slightly
to 42% (1 point increase) while those ages 55+ slipped a point to
24%.
"Trends first identified in last year's Vacation Confidence
Index --from traveling alone or with a pet to a focus on
self-care—are validated in this year's findings," said Daniel Durazo, director of external
communications at Allianz Partners USA. "Wellness has emerged as a vital part of
our everyday health and happiness often incorporated in our
travels, and Americans are finding value in social media through
inspirational travel experiences."
The "pay-cation," a new work-from-a-vacation-destination
travel trend Allianz Partners identified last year, continues to
gain momentum and sees the greatest spike in travelers ages 35-54
who made a nine-point jump to 35% planning pay-cations this year.
Forged from flexible remote work policies developed during the
pandemic, 18 to 34-year-olds continue to lead the way at 40% (down
two points) but the trend doesn't resonate as well with more mature
travelers 55+, moving up just 2 points to 14% in 2024.
New this year, the survey inquired about the influence of
social media on Americans' travel plans. Not surprisingly,
young travelers significantly lead the way in this area with nearly
four in ten (39%) indicating they seek inspiration through their
social channels. Those ages 34 – 54 were benchmarked at 24%, and
55+ travelers at just 5%.
The Vacation Confidence Index has been conducted each summer
since 2009 by national polling firm Ipsos Public Affairs on behalf
of Allianz Partners USA. A
vacation is defined as leisure travel of at least a week to a
destination at least 100 miles from home.
Allianz Partners offers travel insurance through most major U.S.
airlines, leading travel agents, online travel agencies, hotel
companies, cruise lines and directly to consumers. For more
information on Allianz Partners and available travel policies,
please visit http://www.allianztravelinsurance.com.
*Methodology: These are the findings of an Ipsos poll
conducted on behalf of Allianz Partners. For this survey, a sample
of 2,010 Americans aged 18+ was interviewed from April 15 to 22, 2024, via the Ipsos Online
Omnibus. The precision of Ipsos online polls is measured using a
credibility interval. In this case, the results are accurate to
within +/- 2.5 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. Credibility intervals are wider among subsets of the
population.
About Allianz Partners
In the United States, Allianz
Partners USA (AGA Service Company)
offers Allianz Travel-branded travel protection plans and serves
millions of customers each year. In addition to travel protection,
the company offers event ticket protection, registration protection
for endurance events and unique travel assistance services such as
international medical assistance and concierge services. AGA
Service Company is doing business as Allianz Global Assistance
Insurance Agency in California
(License # 0B01400) and Massachusetts. Allianz Partners USA is part of the Allianz Partners group.
Allianz Partners is a world leader in B2B2C insurance and
assistance, offering global solutions that span international
health and life, travel insurance, mobility and assistance.
Customer driven, our innovative experts are redefining insurance
services by delivering future-ready, high-tech, high-touch products
and solutions that go beyond traditional insurance. Present in over
75 countries, our 19,400 employees speak 70 languages, handle over
58 million cases each year, and are motivated to go the extra mile
to offer peace of mind to our customers around the world.
For Allianz Partners USA
products offered and sold in the U.S.: Terms, conditions, and
exclusions apply to all plans. Plans are available only to U.S.
residents. Not all plans are available in all jurisdictions.
Availability of coverage, including the epidemic-related benefits
and covered reasons described here, varies by product and by state.
Products may not include all benefits or covered reasons described
here. All benefits are subject to maximum limits of liability,
which may in some cases be subject to sublimits and daily maximums.
Benefits and limits vary by plan. For a complete description of the
coverage and benefit limits offered under your specific 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, depending on state of residence. A+ (Superior) and
A (Excellent) are the 2nd and 3rd highest, respectively, of A.M.
Best's 13 Financial Strength Ratings. Except as otherwise
specified, AGA Service Company d/b/a Allianz Global Assistance is
the licensed producer and administrator of Allianz Travel-branded
travel protection plans in the U.S. and an affiliate of Jefferson
Insurance Company. Allianz Global Assistance is a mark of AGA
Service Company or its affiliates. The insured shall not
receive any special benefit or advantage due to the affiliation
between Allianz Global Assistance and Jefferson Insurance Company.
Plans include insurance and assistance services. Noninsurance
benefits/products are provided and serviced by Allianz Global
Assistance.
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SOURCE Allianz Partners