Allianz Global Assistance released their Allianz Travel Insurance Vacation Confidence Index on July 5, revealing that Americans are estimated to spend more than $100 billion of spending on summer vacations this summer. Allianz defined a vacation as a "leisure trip of at least a week to a place that is 100 miles or more from home." The Vacation Confidence Index measures Americans' confidence in their ability to take a summer vacation, showing that the projected summer spending for this year is $101.1 billion, compared to 2016's $89.9 billion, a 12.5 percent increase from 2016.
allianz global assistance
A recent study conducted by Allianz Travel Insurance, found that more than 170 million Americans haven’t taken a vacation in the last year. That’s more than half of the population—53 percent, to be exact!
However, this is down from last year when 56 percent of respondents noted they hadn't taken a vacation in the last year.