Almost a quarter of Americans now say they will cancel, delay, relocate, change or reconsider travel plans before taking a vacation, according to the annual Vacation Confidence Index released by Allianz Global Assistance.
The data, included in a CNBC report, shows Americans are putting safety before money and may travel to more expensive destinations to insure their security. Daniel Durazo, spokesman for Allianz Global Assistance US, said the data shows that American summer travel to Brussels and Istanbul has fallen off a cliff, while “other locations, which Americans deem safer, like Dublin and Shannon in Ireland, have seen tremendous increases.” The flip side of all this is that some travellers may be able to cash in on the heightened travel concerns, as airlines and various sectors of the industry try and halt the dip in bookings says CNBC. “Normally airfares from the U.S. to Europe and the U.K. peak in late May and early June and slowly decline into fall,” said Patrick Surrey, chief data scientist at Hopper. “This year, prices have dropped precipitously from May into June, and there’s been significant ‘flash sale’ activity as airlines tried to shore up demand in the face of ongoing uncertainty and apprehension about travel to Europe,” Surry added. Round-trip airfares from the U.S. to the U.K. are down about 35 percent, to $667, from their highs in May, reports Hopper, with prices to Western Europe down 36 percent, to $627. And compared to the same period last year, flight prices from the U.S. to Europe and the U.K. are down 31 percent overall.