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Travel in the Summer of 2019 — Budgets Cut

Posted By Administration, Tuesday, June 11, 2019

Travel insurer Generali Global Assistance — as you’d expect — monitors travel plans worldwide. The insurer’s 19th Annual Holiday Barometer says this summer’s travel budgets have been cut. Chris Carnicelli is the CEO of Generali Global Assistance. He said we’ll still be doing more traveling than people living in Europe but there won’t be as much travel as last year.

  68% of Americans say they’ll be taking a vacation this year

  Just 63% of people in Europe said the same thing

  U.S. travelers — however — have slashed travel budgets by 10%

  Europeans increased theirs

“In the 19th annual Holiday Barometer, we have seen the consolidation of many of the positive trends we have recognized in recent years,” Carnicelli said. “While Americans have experienced a 10% reduction in their travel budgets, they are still the highest of those surveyed. As an assistance provider, we look to stay current with travel trends in order to accurately anticipate our customers’ needs. It’s part of our ‘you live we care’ motto that we look to fulfill every day.”

As for who is taking the most time off:

  Brazilians plan to take 2.2 weeks off this summer

  Europeans are looking at 1.8 weeks

  Americans will do just 1.4 weeks

Source link: Insurance Business America

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