Ticketed Events become a popular incentive for Americans to travel this summer

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Passport stamps are a seemingly complement to this yr’s hottest tickets for Americans as they pack their baggage to attend concert events, sports activities and stay leisure occasions across the globe this summer, in accordance to Allianz Partners USA’s sixteenth Annual Vacation Confidence Index*. 

Entertainment stays a driving drive for travel because the travel insurance coverage and help firm’s newest survey discovered that 24% of Americans plan to travel to a vacation spot to attend a main popular culture occasion. Leading the way in which, 40% of youthful vacationers ages 18–34 plan to go away their hometowns to attend an occasion. Not far behind, a quarter (26%) of older vacationers ages 35-54 additionally anticipate to travel to attend their favourite occasions. Unlike the youthful demographics, vacationers over 55 are much less seemingly (9%) to travel for leisure.

The survey additionally revealed that nearly two-thirds (63%, no change yr over yr) of Americans plan to attend a ticketed occasion in 2024, whereas practically one in 5 (18%) anticipate to attend three occasions or extra (down two factors from final yr).

With A-list musicians on tour and premier sporting occasions dominating the calendar, it’s no shock that 71% of youthful Americans (ages 18-34) can be within the crowd of not less than one ticketed occasion this yr, though it represents a seven-point drop from 2023. Following their lead however transferring 4 factors larger over final yr, 71% of 35–54-year-olds are also heading to a venue, whereas simply half (50%) of Americans over the age of 55 plan to buy occasion tickets this yr (up two factors).

When it comes to their ticketed occasion desire, greater than half of Americans (52%) are seemingly to attend ticketed concert events, festivals or performing arts occasions this yr, adopted by 43% who’re seemingly to attend sporting occasions.

“Ticketed events continue to set the stage for American travel,’” mentioned Daniel Durazo, director of exterior communications at Allianz Partners USA. “If you plan to build a trip around an event, ask your ticketing provider about event ticket insurance which may reimburse you up to 100% of non-refundable ticket costs if a covered situation prevents you from attending. Travel insurance can also help reimburse pre-paid, non-refundable travel costs, up to the plan’s maximum limit, if you have to cancel your trip for a reason covered by the policy.”

Event Ticket Protector from Allianz Partners can reimburse up to 100% of non-refundable ticket prices, up to $10,000, when an insured buyer can’t attend their occasion for coated conditions similar to an sudden, coated sickness or sure non-voluntary job losses. Event Ticket Protector additionally supplies clients with entry to 24/7 help via the corporate’s occasion hotline. Event Ticket Protector is obtainable by main occasion ticket suppliers.

The Vacation Confidence Index has been carried out every summer since 2009 by nationwide polling agency Ipsos Public Affairs on behalf of Allianz Partners USA. A trip is outlined as a leisure journey of not less than one week to a place that’s 100 miles or extra from house.

Allianz Partners gives travel safety plans via most main U.S. airways, main travel brokers, on-line travel companies, resort corporations, cruise traces and straight to shoppers.

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