The Pulse: Nearly half of America hasn't taken a vacation in the past year.
Why it Rates: This latest survey from travel insurance provider Allianz is indicative of American's pent-up vacation demand. - Brian Major, TravelPulse travel insurance editor
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 percent) say they haven't taken a vacation within the past 12 months - an increase of almost 10 million from the 126 million Americans (52 percent) who reported no vacation over the past 12 months in 2014.
Another 15 percent haven't been on vacation for seven to 12 months and 10 percent say it has been four to six months. Only 16 percent have been on vacation within the last three months.
While the time between vacations is increasing, the majority of Americans (51 percent) remain confident that they'll take a vacation in 2015, compared to 36 percent 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.
SOURCE: Allianz Travel Insurance press release
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