More People are Traveling This Year, Study Shows

According to the third annual Allianz Travel Insurance Summer Vacation Confidence Index, nearly 60 percent of Americans are likely to take a vacation this summer. This number is up three points from last year, and 13 percent say they have already taken a vacation.

The Index also showed that America's "vacation deficit" has dropped 18 percent. The deficit is measured by taking the proportion of those who think a vacation is important but are not confident that they’ll get one this year.

The study also showed that a majority of Americans planning vacations use social media, mainly Facebook, for inspiration.

“With the rebound of summer vacation travel, we’ve seen an increase in travel insurance sales,” said Daniel Durazo, director of communications with Allianz Global Assistance USA.  “This is especially true for bigger ticket purchases such as trips to London for the Olympics – the travel highlight this season.”    

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