Allianz Partners USA's 16th Annual Vacation Confidence
Index
Reveals Almost Two-Thirds of Americans Plan
to Attend a Ticketed Event in 2024
RICHMOND, Va., July 17,
2024 /PRNewswire/ -- Passport stamps are a likely
complement to this year's hottest tickets for Americans as they
pack their bags to attend concerts, sports and live entertainment
events around the globe this summer, according to Allianz Partners
USA's 16th Annual Vacation
Confidence Index*.
Entertainment remains a driving force for travel as the travel
insurance and assistance company's latest survey found that
24% of Americans plan to travel to a destination to attend a
major pop culture event. Leading the way, 40% of younger
travelers ages 18-34 plan to leave their hometowns to attend an
event. Not far behind, a quarter (26%) of older travelers
ages 35-54 also expect to travel to attend their favorite events.
Unlike the younger demographics, travelers over 55 are less likely
(9%) to travel for entertainment.
The survey also revealed that almost two-thirds (63%, no
change year over year) of Americans plan to attend a ticketed event
in 2024, while nearly one in five (18%) expect to attend
three events or more (down two points from last year).
With A-list musicians on tour and premier sporting events
dominating the calendar, it's no surprise that 71% of
younger Americans (ages 18-34) will be in the crowd of at least one
ticketed event this year, although it represents a seven-point drop
from 2023. Following their lead but moving four points higher over
last year, 71% of 35–54-year-olds also are heading to a
venue, while just half (50%) of Americans over the age of 55
plan to purchase event tickets this year (up two points).
When it comes to their ticketed event preference, more than half
of Americans (52%) are likely to attend ticketed concerts,
festivals or performing arts events this year, followed by 43% who
are likely to attend sporting events.
"Ticketed events continue to set the stage for American travel,"
said Daniel Durazo, director of
external communications at Allianz Partners USA. "If you plan to build a trip around an
event, ask your ticketing provider about event ticket insurance
which may reimburse you up to 100% of non-refundable ticket costs
if a covered situation prevents you from attending. Travel
insurance can also help reimburse pre-paid, non-refundable travel
costs, up to the plan's maximum limit, if you have to cancel your
trip for a reason covered by the policy."
Link to download Infographic: HERE
Event Ticket ProtectorSM from Allianz Partners can
reimburse up to 100% of non-refundable ticket costs, up to
$10,000, when an insured customer
can't attend their event for covered situations such as an
unexpected covered illness or certain non-voluntary job losses.
Event Ticket Protector also provides customers with access to 24/7
assistance through the company's event hotline. Event Ticket
Protector is offered by leading event ticket providers.
The Vacation Confidence Index has been conducted each summer
since 2009 by national polling firm Ipsos Public Affairs on behalf
of Allianz Partners USA. A
vacation is defined as a leisure trip of at least one week to a
place that is 100 miles or more from home.
Allianz Partners offers travel protection plans through most
major U.S. airlines, leading travel agents, online travel agencies,
hotel companies, cruise lines and directly to consumers. For more
information on Allianz Partners and available travel policies,
please visit http://www.allianztravelinsurance.com/.
*Methodology: These are the findings of an Ipsos poll
conducted on behalf of Allianz Partners. For this survey, a sample
of 2,010 Americans aged 18+ was interviewed from April 15 to 22, 2024 via the Ipsos Online
Omnibus. The precision of Ipsos online polls is measured using a
credibility interval. In this case, the results are accurate to
within +/- 2.5 percentage points, 19 times out of 20, of what the
results would have been had all American adults been polled. Quota
sampling and weighting were employed in order to balance
demographics and ensure that the sample's composition reflects that
of the actual U.S. population, according to data from the U.S.
Census Bureau. Credibility intervals are wider among subsets of the
population.
About Allianz Partners
In the United States, Allianz
Partners USA (AGA Service Company)
offers Allianz Travel-branded travel protection plans and serves
millions of customers each year. In addition to travel protection,
the company offers event ticket protection, registration protection
for endurance events and unique travel assistance services such as
international medical assistance and concierge services. AGA
Service Company is doing business as Allianz Global Assistance
Insurance Agency in California
(License # 0B01400) and Massachusetts. Allianz Partners USA is part of the Allianz Partners group.
Allianz Partners is a world leader in B2B2C insurance and
assistance, offering global solutions that span international
health and life, travel insurance, mobility and assistance.
Customer driven, our innovative experts are redefining insurance
services by delivering future-ready, high-tech, high-touch products
and solutions that go beyond traditional insurance. Present in over
75 countries, our 19,400 employees speak 70 languages, handle over
58 million cases each year, and are motivated to go the extra mile
to offer peace of mind to our customers around the world.
For Allianz Partners USA
products offered and sold in the U.S.: Terms, conditions, and
exclusions apply to all plans. Plans are available only to U.S.
residents. Not all plans are available in all jurisdictions.
Availability of coverage, including the epidemic-related benefits
and covered reasons described here, varies by product and by state.
Products may not include all benefits or covered reasons described
here. All benefits are subject to maximum limits of liability,
which may in some cases be subject to sublimits and daily maximums.
Benefits and limits vary by plan. For a complete description of the
coverage and benefit limits offered under your specific plan,
carefully review your plan's Letter of Confirmation/Declarations
and Certificate of Insurance/Policy. Insurance coverage is
underwritten by BCS Insurance Company (OH, Administrative Office:
Oakbrook Terrace, IL), rated "A"
(Excellent) by A.M. Best Co., under BCS Form No. 52.201 series or
52.401 series, or Jefferson Insurance Company (NY, Administrative
Office: Richmond, VA), rated "A+"
(Superior) by A.M. Best Co., under Jefferson Form No. 101‐C series
or 101‐P series, depending on state of residence. A+ (Superior) and
A (Excellent) are the 2nd and 3rd highest, respectively, of A.M.
Best's 13 Financial Strength Ratings. Except as otherwise
specified, AGA Service Company d/b/a Allianz Global Assistance is
the licensed producer and administrator of Allianz Travel-branded
travel protection plans in the U.S. and an affiliate of Jefferson
Insurance Company. Allianz Global Assistance is a mark of AGA
Service Company or its affiliates. The insured shall not receive
any special benefit or advantage due to the affiliation between
Allianz Global Assistance and Jefferson Insurance Company. Plans
include insurance and assistance services. Noninsurance
benefits/products are provided and serviced by Allianz Global
Assistance.
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SOURCE Allianz Partners