Americans would be sky-bound this summer after they take a holiday but will are likely to stay stateside, in line with a survey by John Hancock. Eighty percent of these surveyed said they plan to travel for pleasure this summer, up from 77 percent in the summertime of 2012. Of these who plan to travel in this summer, half (49 percent) plan to tour a U.S. city. About one-third is headed to the beach, and 22 percent plan a global destination. Individuals who aren’t taking a visit this summer plan to take action at yet again.
Despite the crowded skies, 64 percent of respondents said they plan to travel by plane (up from 60 percent in 2012), with 56 percent driving (down from 59 percent last year). Six percent say they are going to take a train, up from three percent in 2012.
This year, finances seem like less of a worry. Only two percent of these surveyed said that financial obligations would keep them from taking a summer vacation, compared with ten percent in the summertime of 2012. When on vacation, 62 percent said they expect to spend the same quantity of cash as they did last year. Only 21 percent said they might spend less.
When it involves making arrangements for leisure travel – purchasing tickets, booking hotels, finalizing an itinerary – respondents overwhelmingly preferred to do it themselves (93 percent). Only five percent said they tended to take advantage of a travel agency.
Nearly two in five (37 percent) said they often purchase travel insurance when traveling for pleasure; and five percent said they always do. A majority (57 percent) said they never purchase travel insurance. Yet many report worrying in regards to the forms of problems for which travel insurance could provide protection. Forty percent are as a minimum somewhat thinking about losing their luggage, and a couple of-third (36 percent) worry about experiencing a medical emergency while traveling. an analogous share expresses concern over having to cancel a visit unexpectedly due health problems with their very own or of a family member (34 percent). Despite instances of utmost weather previously year, only 28 percent say they’re concerned that weather will affect their travel plans.
The findings were drawn from the toilet Hancock Investor Sentiment Survey, a quarterly measure of investors’ views on more than a few investment choices, life goals, and economic outlook, in addition to their confidence in these areas.