Allianz Partners USA’s 13^th annual Vacation Confidence Index estimates Americans’ total spend for summer vacation travel will cross the $150 billion mark for the first time in the Index’s 10-year history, a 160 percent increase over spend in summer 2020 and 50 percent over spend in a robust 2019.

This year, Americans plan to spend more on summer vacations than before, averaging $2,122 spend per vacationing household. American confidence in taking a summer vacation is at an all-time high: 60 percent are confident they will take a vacation, defined as a leisure trip of at least a week to a place 100 miles or more from home.

Other findings include:

• Younger Americans are hopeful they’ll take a vacation, with 73 percent of respondents aged 18–34 citing confidence
• Higher income-earning households also feel confident
• Men, at 67 percent, are more likely than women, at 55 percent, to be confident
• Of those who aren’t confident they’ll take a summer vacation, 38 percent said they didn’t want to spend the money

“Summer 2021 will be remembered as the summer that Americans finally stopped taking their vacations for granted and eagerly hit the road with a revenge travel budget,” said Daniel Durazo, director of marketing and communications, Allianz Partners USA. “Our annual Vacation Confidence Index shows that the concept of pent-up demand is real and will likely translate to $150 billion in vacation spending, which will shatter all previous records. Interest in travel insurance has also never been higher as Americans are looking to protect their trip with a policy that provides coverage for unexpected cancellations, interruptions, delays and medical emergencies.”