Majority of Canadians Not Confident They Will Get a Break This Holiday Season
As we head into the busy holiday season, the second annual Canadian Winter Vacation Confidence Index by Allianz Global Assistance shows Canadians need a break but the majority don’t think they will actually get one. Only 54 per cent had a vacation at some point within the past year.
Conducted by Ipsos, the Index reveals that 59 per cent of Canadians are not confident they will be able to take a winter vacation this year, despite 71 per cent of Canadians seeing the need for an annual vacation as important.
Further underscoring the disconnect between Canadians’ need for a vacation and actually taking one, a surprising 33 per cent say they haven’t had a vacation in more than two years.
“It’s clear from the Index that Canadians want and need a vacation but they are not taking all they are entitled to,” said Dan Keon, Senior Director, Market Management, Allianz Global Assistance Canada. “According to the Index results, Canadians get 21 paid vacation days per year on average but are only taking 17. There could be many reasons for this but maybe some Canadians are still struggling with that work-life balance.”
Gen-Xers are more likely (40 per cent) than Millennials (25 per cent) or Boomers (32 per cent) to have skipped taking an annual vacation for two or more years.
“Cost also appears to be an issue as the Index found that, when we do travel, Canadians prefer to do so in off peak times,” added Keon.
In fact, 43 per cent reported travelling in off-peak times, citing the desire to keep costs down, while another 34 per cent said they travel in off-peak periods to avoid crowds. Of those who said they do travel during peak periods, only 12 per cent said they do so out of personal preference, while 10 per cent said they can only get time off during peak times.
While six in ten Canadians don’t anticipate taking a winter vacation, four in ten (41 per cent) are confident they will take a trip between December and March. Confidence is highest in households with children, where half expect to take a winter vacation (52 per cent).
Of those who will be travelling, they expect to spend an average of $2,673 on their vacation. That’s about the same as they reported spending last year – just $80 more, or an increase of three per cent.
“When it comes to travel, Canadians are clearly cost-conscious,” said Keon. “Allianz Global Assistance recommends that when making plans, travellers should always budget for the cost of trip cancellation and medical travel insurance. The last thing you want is to be out of pocket for unforeseen trip cancellations before you leave or unexpected hospital bills if you become injured or sick while on vacation.”
The findings of the Canadian Winter Vacation Confidence Index are the result of an Ipsos poll conducted on behalf of Allianz Global Assistance. A total of 2,005 surveys were completed among Canadian adults between October 30 and November 2, 2017. A survey of this size is considered accurate within plus-or-minus 2.5 percentage points, 19 times out of 20.
Allianz Global Assistance (Canada)
For 30 years, Allianz Global Assistance has supported travelling Canadians when they need it most with value-added travel insurance and assistance services. More than 800 employees support long-term partnerships with some of the best known brands in the travel and financial services markets. Allianz Global Assistance also serves as an outsource provider for in-bound call centre services and claims administration for health insurers, property and casualty insurers and credit card companies. Allianz Global Assistance is a specialist brand of Allianz Partners for assistance and travel insurance, and is a registered business name of AZGA Service Canada Inc. and AZGA Insurance Agency Canada Ltd. For more information, visit www.allianz-assistance.ca.
Dedicated to bringing global protection and care, Allianz Partners is the B2B2C leader in assistance and insurance solutions in the following areas of expertise: assistance, international health & life, automotive and travel insurance. These solutions, which are a unique combination of insurance, service and technology, are available to business partners or via direct and digital channels under three internationally renowned brands: Allianz Assistance, Allianz Care and Allianz Automotive. This global family of over 17,500 employees is present in 76 countries, speaks 70 languages and handles 44 million cases per year, protecting customers and employees on all continents. For more information, please visit: http://www.allianz-partners.com/corporate/
SOURCE Allianz Global Assistance Canada