Vaccines Seen as Major Boost to Travel Consumer Confidence
Survey from Allianz Partners shows two-thirds saying inoculation will make them feel safe to take a trip >>
by: Harvey Chipkin
Receiving a COVID-19 vaccine will be a major boost to travel consumer confidence, according to Allianz Partners’ latest survey of its US travel insurance customers. The travel insurance and assistance provider surveyed 3,500 of its customers to gauge intent to book trips of at least two nights more than 100 miles from home, in order to track how traveler sentiment has changed since a similar survey was conducted in the fall. A majority of customers (67%) believe receiving a COVID-19 vaccine will make them feel safe enough to travel again, with customers over the age of 65 placing more importance on receiving the vaccine (78%) than those in younger age ranges, 45 to 64 years old (59%) and under 45 (47%). In a similar survey conducted last year, 58% of customers cited receiving a vaccine as their top choice for what would make them feel safe to travel again, reflecting a notable uptick in the importance vaccines will play in restarting the travel industry. Another health and safety measure that will make a significant number (66%) of Allianz customers feel safe to travel again is the required wearing of face masks on airplanes and in airports. The third most important safety measure for customers is blocked seats or limited capacity on planes, trains and buses (59%), followed by advanced sanitizing efforts at airports, hotels, etc. (58%). Perhaps influenced by the increased availability of vaccines, the percentage of customers who anticipate traveling within the next one to three months increased by 49% (from 13% to 19%), and those planning to travel within the next four to six months increased by 50% (from 12% to 18%).