Americans Set to Revenge on Travel Despite Rising Costs

It doesn’t seem like the lack of funding will stop Americans from going on vacations after the COVID they’ve been waiting for this year.

According to Allianz Partners USA’s 14th Annual Vacation Confidence Index, approximately one in three Americans (32 per cent) report that they will be ‘taking revenge on travel’ in 2022, shamelessly taking vacations they were forced to miss. during the pandemic.

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The report also found that 71 percent of Americans feel they need a vacation this year, despite the fact that 43 percent admit they can’t really afford to buy. Especially amid record inflation and rising living costs.

Of those who admitted they couldn’t really afford a vacation this year, 31 percent said they were revenge for the trip. Their thinking is likely to be attributed to the pent-up desire to make up for missed vacations in the past two years or to use their accumulated vacation days from work; as well as the fact that Americans are now equating the act of vacation with self -care and care for their own mental health.

While some people go on their vacations despite the shortfall in their travel budgets, a large number of Americans report that they get some extra funding during the pandemic when travel is not. much option. Nearly half (49 percent) of respondents told Allianz Partners that they were able to save money during the pandemic to give to their next dream vacation, allowing them to spend more on travel on the opportunity ito.

Unfortunately, those extra dollars may not be as high as before. More than half of study participants (55 percent) said they needed to scale back their vacation plans because of ungodly inflation rates.

And rising costs aren’t the only heavy barrier to getting that dream vacation right now. Because demand for air travel has returned relatively abruptly, airlines and airports have not kept up, resulting in widespread flight disruptions that show no signs of slowing down any time soon.

“Our survey found that a third of Americans are planning‘ revenge ’travel trips this summer despite rising travel costs. Driving this trend is the large majority of travelers who say they need a vacation after two years of travel uncertainty, ”said Daniel Durazo, director of external communications at Allianz Partners USA.“ Too many need for travel can mean there is more room for messy travel plans, so it’s important to plan ahead with a travel insurance policy that can protect your investments and ensure your revenge trip is stay sweet. “

For study purposes, a vacation was defined as a leisure trip to a destination at least 100 miles away from home, lasting at least a week. The Vacation Confidence Index has been conducted every summer since 2009 by national polling firm Ipsos Public Affairs on behalf of Allianz Partners USA.

For more information, visit allianztravelinsurance.com.