While the traditional week-long vacation is still elusive, new research indicates travel is becoming a priority again based on longer trips and increased spend.
From Solo Travel to 'Pay-Cations,' Young Americans Lead 2023 Travel Trends with Wellness at the Forefront
The figure represents approximately a 10% increase over 2022, a 39% increase over 2021, a staggering 261% over 2020, and remarkable 111% increase compared to pre-pandemic spending in 2019.
A Majority of Americans Have Traveled in the Last Year and Confidence in Taking an Annual Vacation Hits Record Levels
Millennials planning to spend less on summer vacations are more trusting of, and likely to use, the 'sharing economy' for travel in 2015, according to the sixth annual Allianz Travel Insurance Vacation Confidence Index released today by Allianz Global Assistance USA.