More Than One-Third Of Americans Have Not Taken A Vacation In Over Two Years

RICHMOND, Va., July 17, 2019 /PRNewswire/ -- Over a third (36 percent) of Americans took their last vacation more than two years ago, and over half (51 percent) have not vacationed in more than a year, according to the 11th 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. 

When asked if they were confident they would take a summer vacation this year, only 42 percent responded positively, the lowest confidence rating since 2013. Despite the prevailing thought that work prevents many Americans from using all their vacation time, financial concerns far outweighed professional obligations for those who were not confident.

Nearly half (44 percent) said they do not have the money to spend on a vacation, while 19 percent do not want to spend the money on a vacation. This compares to the 14 percent who said they are not confident they will take a summer vacation because they cannot take time off work. Those aged 18 – 34 (25 percent) and men (20 percent) are most likely to say they cannot take the time off work.

Interestingly, 12 percent of Americans not confident they will take a summer vacation report that they do not want to take the time off work. Other reasons include: they are unable or uninterested in taking the time away due to a personal obligation outside of work (20 percent), or they find planning a vacation too stressful and time-consuming (10 percent).

For the first time in the survey's history, the Vacation Confidence Index also explored the relationship between a boss and employee's vacation habits. On average, working Americans take less than half (41 percent) of their entitled vacation days, two in ten do not take any, while over one-third take less than a quarter of their allotted time off. A sizable 52 percent of Americans say they take about the same proportion of vacation time as their bosses do, which suggests supervisors may be leading by example. Employees report that their bosses take 51 percent of their entitled vacation time.

"Americans are still consistently underutilizing their paid time off, with the average working American taking fewer than half their vacation days and a third of Americans reporting they haven't vacationed in more than two years," said Daniel Durazo, director of marketing and communications at Allianz Global Assistance USA. "Whether finances, work or another reason are keeping you from booking that summer trip, the positive health benefits of taking vacation have been widely-documented. From a weeklong getaway to a micro-cation, it's always important to protect that financial investment with travel insurance."

This year's Vacation Confidence Index did note that just two in ten (19 percent) Americans who said an annual vacation is important are not confident that they'll take one. This means the Vacation Deficit, or those who think a vacation is important but are not confident they'll be able to take one, has decreased two percentage points from last year. One possible explanation for this is the rise in 'micro-cations,' or shorter trips fewer than five nights, which may replace the need for an annual seven-day vacation and make travel more accessible, especially among Millennials.

Two in ten Americans (21 percent) took their last vacation in the last three months, which is up three points from last year and seven points from 2017. The importance of taking an annual vacation has also edged upwards slightly to 60 percent (up two points from 2018), but still ranks lower than three years ago (65 percent) and 2009's historic high (67 percent).

The Vacation Confidence Index has been conducted each summer since 2009 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.

*Methodology: These are findings of an Ipsos poll conducted on behalf of Allianz Global Assistance. For this survey, a sample of 1,005 Americans aged 18+ was interviewed by telephone from May 30 to June 2, 2019 via the Caravan Omnibus. The precision of random telephone polls is measured using a margin of error. In this case, the results are accurate to within +/- 3.1 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. For the purposes of this study, a Millennial is defined as someone between the ages of 18 and 34; a Gen X'er is between the ages of 35 and 54; and a Baby Boomer is 55+ years of age.

Allianz Global Assistance USA
Allianz Global Assistance USA is a leading consumer specialty insurance and assistance company with operation centers in 35 countries. In the United States, Allianz Global Assistance USA (AGA Service Company) serves 40 million customers annually and is best known for its Allianz Travel Insurance plans. In addition to travel insurance, Allianz Global Assistance USA offers tuition insurance, event ticket protection, registration protection for endurance events and unique travel 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. 

To learn more about Allianz Travel Insurance, please visit allianztravelinsurance.com or Like us on Facebook at Facebook.com/AllianzTravelInsuranceUS. 

**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, 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. Plans include insurance benefits and assistance services. Noninsurance benefits/products are provided and serviced by AGA Service Company.

SOURCE Allianz Global Assistance USA

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http://www.allianztravelinsurance.com

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