Agents' Choice 2020

Terror Concerns Impacting Vacation Planning

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In its latest Vacation Confidence Index, Allianz Travel Insurance found that 86% of Americans “are concerned about terrorist attacks occurring while on vacation in various regions of the world in the future” and that’s “prompting many to make major changes to their travel plans.”

The region Americans are most concerned will be the site of an attack is the Middle East (75%), followed by Europe (66%) and Africa (63%).

And following the recent attacks in Istanbul, Israel, Paris, Brussels, and Nice, almost a quarter of Americans (22%) say that the fear of further violence has influenced their vacation planning in some way; whether that be cancelling (6%); changing locations (5%), travel dates (4%), mode of transportation (4%), local tours (4%) or accommodations (3%); or by purchasing travel insurance (3%).

And as Americans age, the fear of terror attacks happening while travelling to different regions of the world increases significantly.

However, that trend is reversed for travel within the U.S. and Canada, where millennials aged 18 to 34 have the greatest fear of an attack happening on home soil (57%) compared to generation X (51%) and baby boomers (48%).

Those Americans influenced by an act of terrorism are more likely to be traveling within the U.S. or Canada (50%), likely due to the higher number of domestic versus international vacations planned.

Internationally, Americans who have changed their plans were most likely to be visiting Europe (42%), followed by Asia (29%), Latin America (26%), Australia and the South Pacific (26%), the Middle East (22%) or Africa (21%).

Daniel Durazo, director of communications at Allianz Global Assistance USA, commented: “What we’re seeing is that the American traveller is a complex demographic that shares common fears and concerns, but deviate greatly on where they find those fears and how they face them.”

Durazo continued: “But we’re pleased to see that whatever those differences are, one thing that remains consistent is that they are finding ways to follow their passion of seeing the world despite the challenges that come with traveling in a time of terror.”

Go to http://www.allianztravelinsurance.com for more.

 

Posted in Insurance, News, Trends & Research

 

 

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