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

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Passport stamps are a probable complement to this 12 months’s hottest tickets for Individuals as they pack their luggage to attend concert events, sports activities and stay leisure occasions across the globe this summer season, in accordance with Allianz Companions USA’s sixteenth Annual Trip Confidence Index*. 

Leisure stays a driving drive for journey because the journey insurance coverage and help firm’s newest survey discovered that 24% of Individuals plan to journey to a vacation spot to attend a serious popular culture occasion. Main the best way, 40% of youthful vacationers ages 18–34 plan to depart their hometowns to attend an occasion. Not far behind, 1 / 4 (26%) of older vacationers ages 35-54 additionally count on to journey to attend their favourite occasions. Not like the youthful demographics, vacationers over 55 are much less doubtless (9%) to journey for leisure.

The survey additionally revealed that nearly two-thirds (63%, no change 12 months over 12 months) of Individuals plan to attend a ticketed occasion in 2024, whereas practically one in 5 (18%) count on to attend three occasions or extra (down two factors from final 12 months).

With A-list musicians on tour and premier sporting occasions dominating the calendar, it’s no shock that 71% of youthful Individuals (ages 18-34) can be within the crowd of at the very least one ticketed occasion this 12 months, though it represents a seven-point drop from 2023. Following their lead however transferring 4 factors increased over final 12 months, 71% of 35–54-year-olds are also heading to a venue, whereas simply half (50%) of Individuals over the age of 55 plan to buy occasion tickets this 12 months (up two factors).

In terms of their ticketed occasion choice, greater than half of Individuals (52%) are more likely to attend ticketed concert events, festivals or performing arts occasions this 12 months, adopted by 43% who’re more likely to attend sporting occasions.

“Ticketed occasions proceed to set the stage for American journey,’” mentioned Daniel Durazo, director of exterior communications at Allianz Companions USA. “When you plan to construct a visit round an occasion, ask your ticketing supplier about occasion ticket insurance coverage which can reimburse you as much as 100% of non-refundable ticket prices if a lined scenario prevents you from attending. Journey insurance coverage may also assist reimburse pre-paid, non-refundable journey prices, as much as the plan’s most restrict, if it’s a must to cancel your journey for a cause lined by the coverage.”

Occasion Ticket Protector from Allianz Companions can reimburse as much as 100% of non-refundable ticket prices, as much as $10,000, when an insured buyer can’t attend their occasion for lined conditions akin to an surprising, lined sickness or sure non-voluntary job losses. Occasion Ticket Protector additionally supplies clients with entry to 24/7 help by way of the corporate’s occasion hotline. Occasion Ticket Protector is obtainable by main occasion ticket suppliers.

The Trip Confidence Index has been carried out every summer season since 2009 by nationwide polling agency Ipsos Public Affairs on behalf of Allianz Companions USA. A trip is outlined as a leisure journey of at the very least one week to a spot that’s 100 miles or extra from house.

Allianz Companions gives journey safety plans by way of most main U.S. airways, main journey brokers, on-line journey businesses, resort corporations, cruise strains and on to shoppers.

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