Please see some key insights from the Allianz Vacation Confidence Index Study conducted among 2001 Canadian adults from November 1-6, 2024:
- Revenge Travel: Rapid rebound expected for 18-24 months with high-spending trips.
- Senior Travel: Slow start but picks up through 2024; younger travelers reducing travel insurance uptake, increasing customer risk.
- Vacation Plans: 60% of Canadians plan to vacation in 2025, with Canada and the US as top destinations.
- Demographics: University graduates, Quebec residents, and high-income households show high vacation intentions.
- Barriers: Shift from financial barriers to stress, personal obligations, and work commitments.
- Travel Coverage: 90% of travelers intend to secure travel insurance for upcoming trips.