Summer Vacation Confidence and Spend Reach Record Highs Despite Ongoing Economic Uncertainty
Allianz Partners USA's 17th Annual Vacation Confidence Index reveals Americans are prioritizing vacations more than ever before.
RICHMOND, Va., May 14, 2025 /PRNewswire/ -- Amid economic pressures and budget constraints, Americans' confidence that they will take a summer vacation is at an all-time high, according to Allianz Partners USA 's annual Vacation Confidence Index*. This year, six in ten (63%) Americans are confident they will take a summer vacation.
Record highs in confidence are matched by record highs in vacation spend with Americans projected to spend $226.6 billion on summer vacations this year. The travel insurance and assistance provider found this year's anticipated spend is up 2.26% from 2024 - signaling a form of vacation resilience where Americans are prioritizing time away.
This year's spending record continues a six-year climb, with annual estimates more than doubling since 2019's $101.7 billion – indicating a post-pandemic shift in travel behavior. The upward trend in average anticipated spending per household remains robust. In 2025, this amount is expected to reach $2,867, marking a modest rise from $2,843 in 2024.
'Despite increased pressure on wallets and ongoing travel cost inflation, we are still seeing Americans prioritize vacations this year,' says Emily Hartman, General Manager at Allianz Partners USA. 'The ongoing increase in spending signals that Americans view travel as a primary goal when setting up budgets and financial plans. As travelers plan their next vacation, one item that's important not to forget is travel insurance. After months, maybe even years of planning, it makes sense to have a safety net to protect your investment.'
2025 Key Trends
The 2025 Vacation Confidence Index highlighted the following emerging behaviors from U.S. travelers:
Vacation Resiliency
Despite half of Americans (51%) saying they can't afford a vacation, 4 in 10 are confident they will take one anyway – a continuation of the 'justi-vacation' trend the Vacation Confidence Index identified last year. ('Justi-vacation' is when someone takes a vacation despite not being able to afford the expenses that come with traveling.)
'Since the start of the Vacation Confidence Index, we've seen Americans place a greater emphasis on vacations,' says Daniel Durazo, Director of External Communications at Allianz Partners USA. 'This year we saw that at an all-time high with 75% of Americans considering annual vacations important to them regardless of their ability to take vacations. This consistent prioritization is an indication of the ways Americans want to live and learn – we don't expect it to shift anytime soon.'
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 2,005 Americans aged 18+ was interviewed from April 14 to 15, 2025 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 +/- 2.7 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.
View original content to download multimedia: https://www.prnewswire.com/news-releases/summer-vacation-confidence-and-spend-reach-record-highs-despite-ongoing-economic-uncertainty-302454721.html
SOURCE Allianz Partners
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
an hour ago
- Yahoo
28bio Announces Nexon™ Neurotechnology Platform Powered by Engineered Human Brains
Exhibits complex neurological processes—including memory, learning, and cognition—and predicts human outcomes in preclinical drug development NEW ORLEANS, June 9, 2025 /PRNewswire/ -- 28bio today announced the Nexon™ neurotechnology platform—a major advancement in understanding human brain function. The platform integrates tissue engineering, neural interfacing and AI to engineer human brains at-scale and replicate complex neurological processes. The Nexon™ platform is now being used to improve the prediction of therapeutic efficacy and toxicity in humans, with several of the world's largest pharma companies already integrating Nexon™ into their drug development workflows. The Nexon™ platform also incorporates Organoid Intelligence (OI). The growing field of OI combines human brain organoids with brain-machine interfaces to model memory, learning, and cognition in vitro, offering novel functional cognitive biomarkers with the potential to reshape drug development in neurodegenerative disorders including Alzheimer's disease. Neurological drug development faces some of the highest failure rates in the pharmaceutical industry, due to poor translatability of animal models. Despite promising preclinical study results, many therapies ultimately fail in humans—contributing to a growing neurological health crisis and need for more predictive, human-relevant models. "We engineer human brains capable of elucidating the complexity of neurological processes and produce predictive data needed to change the trajectory of neurological drug development," said Alif Saleh, CEO of 28bio. "Industry and regulators are urgently asking for solutions to develop better neurological drugs faster and cheaper." About 28bio28bio is a neurotechnology company engineering human brains at-scale exhibiting memory, learning, and cognitive functions. Its Nexon™ platform integrates tissue engineering, neural interfacing, and AI to reverse today's neurological health crisis by improving the ability to predict which therapies will work in humans. 28bio is committed to advancing ethical standards in the development of brain organoid technology and engineered human cognition. For more information, visit View original content to download multimedia: SOURCE 28bio Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
6 hours ago
- Yahoo
Across the Pacific: Palauan Voyagers Renew Austronesian Bonds in Taitung
TAITUNG, June 6, 2025 /PRNewswire/ -- The Taitung County Government invited the Palauan-led multinational crew of the traditional sailing canoe Alingano Maisu, which brought together sailors from across the greater Micronesia region and Taiwan. The crew has recently completed a remarkable cultural voyage from Palau to Taitung, Taiwan, as part of a broader Austronesian exchange. With their return voyage now underway, the journey served not only as a reaffirmation of shared heritage but also as a fresh chapter in the living story of oceanic kinship. The crew was welcomed with a traditional ceremony led by the Dulan Youth Group, featuring ceremonial chants and protective dance performances—an expression of ancestral ties and mutual respect among Austronesian peoples. At the Taitung County Government Hall, a Voyaging Culture Sharing Forum was held, where the navigators shared their experiences crossing the Pacific and their traditional knowledge of celestial navigation. In return, local boatbuilders engaged in dialogue, sharing insights into their own seafaring culture and strengthening a shared reverence for the ocean. During their stay, the guest voyagers visited several Indigenous communities along Taiwan's eastern coast. In the Amis community of Duli, they took part in hands-on workshops exploring traditional cigarette rolling, fishing techniques, and even rice wine brewing—experiences that offered a deeper appreciation of Indigenous craftsmanship and knowledge passed down through generations. The journey also included a scenic ride on the antique "Breezy Blue" express train, which hugs the coastline between Taitung and Jinlun. This allowed the visitors to soak in the spectacular sea-and-sky vistas, through open windows, and gain further insight into the region's history and lifestyle. Cultural exchange extended to the table as well. Besides enjoying meticulously prepared Indigenous meals, the crew also experienced Taiwan's signature hotpot culture. Sitting around the steaming pot, guests and hosts shared stories, laughter, and flavors—reminding all that food is one of the most powerful ways to build bridges between islands. Local Amis hosts presented the voyagers with betel nuts, hand-carved wooden badges, and even ukuleles—symbols of friendship and cultural pride. The crew also participated in the opening of the Kavulungan Cultural Park, a major cultural event celebrating the traditions of the Paiwan people. The visit concluded with a joyful farewell banquet filled with music, dance, and heartfelt connection—bringing the entire journey full circle. Through this voyage centered on voyaging culture, traditional maritime skills were not only honored but reawakened. As the Palauan canoe sets sail homeward, the enduring spirit of Austronesian solidarity continues to ripple across the Pacific, reminding us all of the powerful stories carried by wind, waves, and kinship. View original content to download multimedia: SOURCE Taitung County Government Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Miami Herald
6 hours ago
- Miami Herald
Dave Ramsey sends major message to Americans on IRAs, Roth IRAs
Americans preparing for retirement encounter various challenges, primarily centered on maintaining financial security and sustaining the lifestyle they envision after leaving the workforce. Key concerns involve estimating potential Social Security payments and evaluating how much they will be able to depend on their accumulated retirement funds. Dave Ramsey, bestselling personal finance author and radio host, offers important words for Americans on traditional IRAs, Roth IRAs and some key advice on ways to achieve a financially comfortable retirement. Don't miss the move: Subscribe to TheStreet's free daily newsletter Making sure retirement funds can adequately cover future expenses is a top priority for many Americans. With rising life expectancies and the uncertainty of financial markets, retirees must strategize how to extend their savings throughout their retirement years. To build financial security, individuals wisely invest in 401(k)s, IRAs, and similar accounts while factoring in tax considerations. Another significant concern is health care costs, which tend to increase as medical needs grow with age. Although Medicare helps alleviate some expenses, it does not cover everything, requiring retirees to account for out-of-pocket costs such as medications, long-term care, and some additional medical services. Related: Dave Ramsey warns Americans on Social Security The impact of rising inflation is a significant concern, as it reduces the purchasing power of fixed retirement incomes. Many retirees worry that inflation could hinder their ability to maintain their preferred lifestyle, especially those who depend heavily on Social Security benefits. While Social Security remains a crucial source of retirement income, relying on it entirely brings uncertainty. Questions surrounding its long-term viability, cost-of-living adjustments, and possible benefit reductions due to solvency concerns add to the financial stress many retirees face. Recognizing these challenges, Ramsey issues a caution regarding traditional IRAs and Roth IRAs, offering Americans guidance on setting financial priorities and navigating the complexities of retirement planning. Ramsey explains that both Roth IRAs and traditional IRAs are valuable tools for retirement savings, but the key distinction lies in how they are taxed. A Roth IRA is funded with after-tax dollars, allowing investments to grow tax-free. When retirement arrives, withdrawals from the Roth IRA remain tax-free, providing financial flexibility. In contrast, a traditional IRA is funded with pretax money, offering an immediate tax advantage. However, when funds are withdrawn during retirement, both the contributions and their accumulated growth are subject to taxation. "While a Roth IRA doesn't offer any current-year tax benefits like a traditional IRA, it gives you something even better: tax-free growth and tax-free withdrawals once you retire," Ramsey wrote. "Now, that's a sweet deal!" More on retirement: Dave Ramsey sounds alarm for Americans on Social SecurityScott Galloway warns Americans on 401(k), US economy threatShark Tank's Kevin O'Leary has message on Social Security, 401(k)s Another significant difference between these accounts is the income limits. A traditional IRA has no income restrictions, meaning individuals can contribute regardless of how much they earn annually. A Roth IRA, on the other hand, has specific eligibility requirements. In 2025, those filing as single or head of household can contribute the full amount if their gross income is below $150,000. For married couples filing jointly, the threshold is $246,000. Related: Dave Ramsey sends strong message to Americans on 401(k)s Once a person turns 59-and-a-half and has held their Roth IRA for at least five years, they are free to withdraw both contributions and earnings without facing taxes or penalties - an excellent advantage for retirees. However, if one's Roth IRA has been open for less than five years, any earnings they take out will be subject to taxes. In 2025, the Roth IRA contribution limit remains $7,000 for those under 50, translating to a monthly contribution of $583.33 when divided over 12 months. Individuals aged 50 and older can contribute up to $8,000, which allows for monthly contributions of $666.67. These limits require savers to plan smartly, ensuring steady growth in their retirement accounts while optimizing tax advantages, Ramsey explains. By making consistent contributions, individuals can build financial security for their future while taking advantage of tax-free growth. Related: Shark Tank's Kevin O'Leary makes bold prediction on U.S. economy The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
