travel confidence
Americans Committed to Travel Are Embarking on “Justi-Vacations” Despite Budget Constraints
Allianz Partners | July 30, 2024
Allianz Partners USA's 16th Annual Vacation Confidence Index Reveals Confidence in Taking a Vacation in 2024 Reaches All Time High RICHMOND, Va., July 30, 2024 -- Confidence in taking an annual vacation has never been higher as new consumer data illustrates Americans' desperation to find ways to travel, as revealed by Allianz Partners USA's 16th Annual Vacation Confidence Index*. The travel insurance and assistance company's latest survey found that 68% of Americans are confident in taking a vacation sometime in 2024, marking the highest point since research began in 2009. When it comes to commitment to getting away, younger tr...
Planning Phases of U.S. Hotel Pipeline Reflect Confidence in Travel
CoStar Group | January 18, 2024
WASHINGTON – 18 January 2024 – Activity in the planning phases of the U.S. hotel pipeline remain up, while rooms in construction decreased after two months of gains, according to CoStar’s December 2023 data. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets. U.S. Hotel Pipeline December 2023 (percentage change from December 2022) In construction: 152,114 rooms (-4.5%) Final Planning: 255,039 rooms (+19.7%) Planning: 318,597 rooms (+32.7%) “The number of rooms in construction fell in December following a nearly 7% increase in October that held steady...
Summer 2023 Trip Length and Spending Are Both on the Rise
Allianz Partners | July 18, 2023
RICHMOND, Va., July 18, 2023-- Americans are planning to set their status to "out of office" for longer stretches and open their wallets a little wider this summer, according to this year's 15th Annual Vacation Confidence Index from Allianz Partners USA. 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. As both travel and confidence have rebounded in recent years, the average number of nights spent away has been steadily creeping up and now sits at 4.5 versus 4.3 (2022) and 4.1 (2021). The shift is beginning ...
