Average Trip Length Expected to Grow to 4.6
Nights as
the Amount Spent on 3-Night Trips Nearly Doubles Over Two
Years
RICHMOND, Va., Aug. 6, 2024
/PRNewswire/ -- Americans are planning to take longer
stretches of time off this summer, according to Allianz Partners
USA's 16th Annual
Vacation Confidence Index. New research indicates that travel
remains a strong priority based on an increase in both average trip
length and average spend on room nights, with staggering splurge
statistics reported for three-night getaways.
As both travel and confidence have rebounded in recent years,
the average number of nights spent away per trip has been steadily
creeping up and now sits at 4.6 versus 4.5 (2023), 4.3 (2022), and
4.1 (2021) nights away. The "micro-cation" trend – previously
coined by Allianz Partners USA and
characterized as a leisure trip of four nights or fewer – is
seemingly growing less popular as travelers opt to spend more
nights away on vacation.
Between May and September, seven in ten (73%) Americans will
travel away from home for at least one night, promising a busy
summer travel season this year. Two in five of those surveyed (41%,
up two points from 2023) also are planning 'multi-cations,' or
multiple getaways at least 100 miles from home for at least a night
– an increase over the years past (39% in 2022 and 34% in 2021) and
an all-time high. This year's findings spotlight the continued
importance Americans are placing on travel, with 16% taking at
least three trips away this summer.
Length of time spent away isn't the only travel indicator that's
creeping up, according to the 16th Annual Vacation
Confidence Index. With summer vacation spending expected to hit an
all-time high of $221 billion in
2024, it comes as no surprise that average cost per night is also
on the rise. Long weekends and summer Fridays have captivated the
American traveler – those who are still opting for micro-cations
and taking three-night vacations are more likely to splurge at a
rate of $587 per night, a figure that
has almost doubled since 2022.
Budget is of less concern for those jetting off for one night,
and one night only, with trip spend averaging a similar
$594. When tacking on a second night,
travelers plan to spend $865 total,
bringing the nightly cost down to $433. The best value is found for the popular
four-night trip, with average spend dipping down to $385, as well as the 6-7 nights range, with
travelers shelling out $406 and
$401 per night, respectively.
"From cityscapes and mountainsides to coastlines and
canyonlands, this summer promises a jam-packed travel season as
Americans look to plan multiple trips at a growing average length.
Whether splurging for a long weekend or finding added value on
longer getaways, travelers are making the most of their time off
this summer," said Daniel Durazo,
director of external communications at Allianz Partners
USA. "Frequent trip planners, or
those taking 'multi-cations,' may want to consider an annual travel
insurance policy, which offers not only convenience and value, but
also peace of mind in the form of trip protection that can last for
an entire year."
Link to download graphic:
HERE.
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 a leisure trip of at least one week to a
place that is 100 miles or more 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