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Record spending projected for summer vacations
Americans will spend more than ever before on their vacations in 2024, according to the latest Allianz Partners USA‘s annual Vacation Confidence Index.
For a second consecutive year, it expects Americans’ total spend on summer vacations to be above the $200 billion mark.
This year it predicts total spend of $221.6 billion.
Americans have more than doubled their projected summer vacation spending since the start of the pandemic.
The 2024 figure represents an approximately 3.5% increase over last year, and a huge 118% jump compared to 2019.
In 2024, the average American household is expected to spend $2,843 on their summer vacation, topping $2,000 for the fifth time since Allianz Partners began tracking vacation spending habits in 2009.
“This summer, we expect to again see a record-breaking number of Americans traveling for their summer vacations,” said Daniel Durazo, director of external communications at Allianz Partners USA.
“While travel costs remain inflated, our survey confirms Americans are not letting that hamper their vacation plans.”
The Vacation Confidence Index has been conducted each summer since 2009 by national polling firm Ipsos Public Affairs on behalf of Allianz Partners USA.
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Learn more about : Allianz Travel ( N. America )
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Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
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