{"id":17785,"date":"2019-12-09T14:30:24","date_gmt":"2019-12-09T19:30:24","guid":{"rendered":"https:\/\/www.insurance-canada.ca\/?p=63030"},"modified":"2019-12-09T14:30:24","modified_gmt":"2019-12-09T19:30:24","slug":"top-reason-half-of-canadians-arent-taking-winter-vacation-this-year-cant-afford-it","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2019\/12\/09\/top-reason-half-of-canadians-arent-taking-winter-vacation-this-year-cant-afford-it\/","title":{"rendered":"Top Reason Half of Canadians Aren\u2019t Taking Winter Vacation This Year? \u201cCan\u2019t Afford It\u201d"},"content":{"rendered":"<h3>Key Findings from Allianz Global Assistance Canadian Winter Vacation Confidence Index<\/h3>\n<ul>\n<li><strong>51 per cent of Canadians say they won\u2019t take a winter vacation \u2013 majority (66%) who won\u2019t be travelling say they do not have the budget for a trip this year<em>.<\/em><\/strong><\/li>\n<li><strong>Lack of finances is by far the biggest obstacle among Millennials (75%), Gen Xers (73%), and women (73%) who don\u2019t think they\u2019ll be able to take a vacation.<\/strong><\/li>\n<li><strong>Of those who are planning a winter vacation, they expect to spend more to do so \u2013 <span class=\"xn-money\">$2706<\/span>. That\u2019s the highest anticipated spend in the past four years.<\/strong><\/li>\n<li><strong>Canadian households are expected to spend over <span class=\"xn-money\">$13.5 billion<\/span> on winter vacations this year.<\/strong><\/li>\n<\/ul>\n<p>Toronto, ON (Dec. 3, 2019) \u2013 As winter is setting in across Canada and the busy travel season begins, it appears half of Canadians will be spending it at home.<\/p>\n<p>\u201cIt looks like this coming winter season will at best include a frigid \u2018snow-cation\u2019 at home instead of a warm, sandy beach for more than half of Canadians,\u201d said Dan Keon, Vice President, Market Management, Allianz Global Assistance Canada.<\/p>\n<p>The fourth annual Canadian Winter Vacation Confidence Index, released by Allianz Global Assistance Canada, a leading provider of travel insurance and assistance services, shows 51 per cent of Canadians say they won\u2019t be taking a winter vacation this year. The study was conducted by Ipsos for Allianz Global Assistance.<\/p>\n<p>When asked about the main reason for not taking a vacation, almost two-thirds (66%) said they can\u2019t afford it. The next reason for not expecting to take a vacation this year was \u2018Just don\u2019t want to go,\u2019 at 13 per cent. Another seven per cent said they have \u2018too many family responsibilities.\u2019 Only five per cent said they \u2018don\u2019t have time,\u2019 while three per cent were \u2018concerned about an economic downturn.\u2019 The remainder cited other reasons.<\/p>\n<p><a href=\"https:\/\/www.insurance-canada.ca\/wp-content\/uploads\/2019\/12\/allianz-snowcation-1912.jpg\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-63031\" src=\"https:\/\/www.insurance-canada.ca\/wp-content\/uploads\/2019\/12\/allianz-snowcation-1912.jpg\" alt=\"'Can't Afford It' - Main Reason Why Half of Canadians Won't Take a Winter Vacation This Year (CNW Group\/Allianz Global Assistance Canada)\" width=\"600\" height=\"635\"><\/a><\/p>\n<p>\u201cObviously Canadians are concerned about their pocket books,\u201d added Keon. \u201cWhile 72 per cent of Canadians said that an annual vacation is important to them, it\u2019s interesting that only 49 per cent actually expect to take one. And they expect it will cost them more to do so.\u201d<\/p>\n<p><strong>Five per cent more.<\/strong> Of those who are planning on taking a winter vacation, they expect to spend a total of $2,706. That\u2019s the highest anticipated spend since Allianz started collecting this data four years ago. Not surprisingly, Boomers say they\u2019ll spend the most at $3,299, significantly more than the $2,205 Millennials intend to lay out. While Millennials will spend the least on average, they are also the largest age group to cite budget constraints as their reason for not taking a vacation (75%) followed closely by GenXers (73%).<\/p>\n<p>\u201cThe Index shows that having the budget to take a vacation is directly related to age,\u201d adds Keon. \u201cWhile Millennials cite greater budget constraints (75%), Boomers appear to have saved or acquired the resources with significantly fewer (55%) indicating that money is keeping them from travelling.\u201d<\/p>\n<p>Regionally, the average anticipated spend is highest in the Prairie Provinces at $3,365 and lowest in Quebec at $1,908. Ontarians expect to spend an average of $3,012.<\/p>\n<p>\u201cDespite the fact that just over half of Canadians don\u2019t plan on taking a winter vacation, for those who will, they are expected to add a significant boon to the economy,\u201d said Keon. \u201cBut it is important for them to protect their hard-earned investment with travel insurance that not only covers medical emergencies but trip interruptions and cancellations.\u201d<\/p>\n<p>Based on an average spend of almost $3,000 per household, the study projects Canadians will spend over $13.5 billion on winter vacations this year \u2013 up from $12.2 billion a year ago and up significantly from $10.7 billion in 2016, a jump of 25 per cent.<\/p>\n<h4>About the Survey<\/h4>\n<p>The results of the Winter Vacation Confidence Index, conducted by Ipsos, are considered accurate within +\/-2.5 percentage points, 19 times out of 20. A vacation was defined as a leisure trip of at least one week outside the respondent\u2019s home province.<\/p>\n<h4 class=\"smallhead\"><strong>About Allianz Global Assistance (Canada)<\/strong><\/h4>\n<p>For over 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, please visit <a href=\"https:\/\/www.allianz-assistance.ca\/en_CA.html\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">www.allianz-assistance.ca<\/a>.<\/p>\n<h4 class=\"smallhead\"><strong>About Allianz Partners<\/strong><\/h4>\n<p>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 &amp; 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 four commercial brands: Allianz Assistance, Allianz Care, Allianz Automotive and Allianz Travel.<\/p>\n<p>This global family of over 19,000 employees is present in 78 countries, speaks 70 languages and handles 54 million cases per year, protecting customers and employees on all continents.<\/p>\n<p>For more information, please visit <a href=\"https:\/\/www.allianz-partners.com\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">www.allianz-partners.com<\/a>.<\/p>\n<p class=\"referencetext\"><em>Source: Allianz Global Assistance Canada<\/em><\/p>\n<p> Tags: <a href=\"https:\/\/www.insurance-canada.ca\/tag\/allianz\/\" rel=\"tag\">Allianz<\/a>, <a href=\"https:\/\/www.insurance-canada.ca\/tag\/survey\/\" rel=\"tag\">survey<\/a>, <a href=\"https:\/\/www.insurance-canada.ca\/tag\/travel\/\" rel=\"tag\">travel<\/a>, <a href=\"https:\/\/www.insurance-canada.ca\/tag\/winter\/\" rel=\"tag\">winter<\/a><a href=\"https:\/\/www.insurance-canada.ca\/2019\/12\/09\/allianz-canadians-cant-afford-winter-vacation\/\">Read the original article at Insurance-Canada.ca <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Findings from Allianz Global Assistance Canadian Winter Vacation Confidence Index 51 per cent of Canadians say they won\u2019t take a winter vacation \u2013 majority (66%) who won\u2019t be travelling say they do not&#46;&#46;&#46;<\/p>\n","protected":false},"author":578,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/17785"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/578"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=17785"}],"version-history":[{"count":0,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/17785\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=17785"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=17785"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=17785"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}