SOURCE: Allianz Global Assistance USA

Allianz Global Assistance USA

August 14, 2015 09:00 ET

Allianz Travel Insurance Vacation Confidence Index Shows More Than Half of America Hasn't Taken a Vacation in Past Year

Survey Shows 135 Million Americans Haven't Had a Vacation in the Past 12 Months

RICHMOND, VA--(Marketwired - August 14, 2015) - For many Americans, the time between vacations has grown longer. That's according to the sixth annual Allianz Travel Insurance "Vacation Confidence Index," which tracks Americans confidence in whether they'll be able to take a vacation this year.

The survey, conducted in June, revealed that more than 135 million Americans (56%) say they haven't taken a vacation within the past 12 months -- an increase of almost 10 million from the 126 million Americans (52%) who reported no vacation over the past 12 months in 2014.

Another 15% haven't been on vacation for seven to 12 months and 10% say it has been four to six months. Only 16% have been on vacation within the last three months.

While the time between vacations is increasing, the majority of Americans (51%) remain confident that they'll take a vacation in 2015, compared to 36% who are not confident.

"With more Americans waiting longer between vacations, it's even more important that their travel investment is protected," said Mike Nelson, CEO at Allianz Global Assistance USA. "The last thing travelers want is an unforeseen circumstance ruining the vacation they've been waiting over a year to take. The right travel insurance policy will give peace of mind from those unanticipated travel delays, lost luggage, sickness and medical emergencies."

The Vacation Confidence Index has been conducted each summer since 2010 by national polling firm Ipsos Public Affairs on behalf of Allianz Global Assistance USA. A vacation is defined as a trip of at least a week to a place that is more than 100 miles from home.

Methodology: These are some of the findings of an Ipsos poll conducted June 5th to 9th, 2015. For the survey, a nationally representative sample of 1,000 randomly-selected adults residing in the U.S. interviewed by telephone via Ipsos' U.S. Telephone Express omnibus. With a sample of this size, the results are considered accurate within ±3.1 percentage points, 19 times out of 20, of what they would have been had the entire population of adults in the U.S. been polled. The margin of error will be larger within regions and for other sub-groupings of the survey population. These data were weighted to ensure the sample's regional and age/gender composition reflects that of the actual U.S. population according to data from the U.S. Census Bureau.

Allianz Global Assistance USA

Allianz Global Assistance USA (AGA Service Company) is a leading consumer specialty insurance and assistance company. We insure 18 million customers annually and are best known for our 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 health insurers, property and casualty insurers, and credit card companies.

For more information, visit AllianzTravelInsurance.com.

* - Terms, conditions, limitations, and exclusions apply to all plans. All plans not available in all states. For a complete description of the coverage offered under your plan, carefully review your letter of confirmation and certificate of insurance. Insurance coverage is underwritten by BCS Insurance Company (OH, Administrative Office: Oakbrook Terrace, Ill), 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 the insured's state. Allianz Global Assistance and Allianz Travel Insurance are brands of AGA Service Company. AGA Service Company is the licensed producer and administrator of this plan and an affiliate of Jefferson Insurance Company. The insured shall not receive any special benefit or advantage because of the affiliation between AGA Service Company and Jefferson Insurance Company.

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