Allianz Travel Insurance Vacation Confidence Index Reveals Value-Seeking Millennials Drive “Sharing Economy”
60 Percent of 18 to 34-Year-Old Travelers Trust Non-Traditional Travel Services Airbnb, Uber, Lyft, GetAround and FeastlyMillennials planning to spend less on summer vacations are more trusting of, and likely to use, the “sharing economy” for travel in 2015, according to the sixth annual Allianz Travel Insurance Vacation Confidence Index released today by Allianz Global Assistance USA. Americans will spend $85.5 billion on summer vacations in 2015, down 13.5% from $98.8 billion in 2014. The decline is being led by young Americans aged between 18 and 34, the most confident of any age