, /PRNewswire/ -- Americans continue to signal that travel is splurge-worthy and are again setting new records for vacation spending in 2024. For a second consecutive year, 's annual Vacation Confidence Index* found that Americans' total spend on summer vacations is expected to remain north of the mark, this year exceeding . According to the travel insurance and assistance provider, Americans have more than doubled their projected summer vacation spending since the inception of the pandemic.
The 2024 figure represents an approximately 3.5% increase over last year, but a whopping 118% jump compared to 2019. In 2024, the average American household is anticipated to spend on their summer vacation, topping for the fifth time since Allianz Partners began tracking vacation habits in 2009.
Creeping up slightly over last year, the figure continues its steady climb from 2020's pandemic-related dip and shows a healthy 40% increase over 2019, which is fueled by more Americans planning to travel in 2024 (61%) versus 2019 (42%). "This summer, we expect to again see a record-breaking number of Americans traveling for their summer vacations. Whether trips are planned for a neighboring state or an international bucket-list destination, an increase in traveler numbers can translate to an increase in unexpected and undesirable travel delays," said , director of external communications at Allianz Partners .
"While travel costs remain inflated, our survey confirms Americans are not letting stick.
