Search Travel Market Report

mainlogo
www.travelmarketreport.com
  • News
  • Tours & Packages
  • Cruise
  • Hotels & Resorts
  • Destinations
  • Retail Strategies
  • Niche & Luxury
  • Well-Being Travel
  • Training & Events
  • Who We Are
    • Anne Marie Moebes
    • Brian Israel
    • Dan McCarthy
    • Denise Caiazzo
    • Dori Saltzman
    • Kelly Fontenelle

COVID-19 Vaccines Will Boost Travel Demand, According to Allianz

by Daniel McCarthy / December 02, 2020
COVID-19 Vaccines Will Boost Travel Demand, According to Allianz

Photo: Aprilstock/Shutterstock.com. 


When COVID-19 hit in March, it stopped what was, for a lot of travel advisors, trending to be a record year, as consumers quickly cancelled plans with so much uncertainty ahead of them. That uncertainty also caused bookings to dry up for a lot of advisors as demand for vacations that consumers were still able to take shot down with new rules and restrictions in place.

But that depressed demand isn’t going to last forever and the world is starting to see the light at the end of the tunnel. According to a recent survey of 3,500 consumers by Allianz, bullish vaccine news from a number of different biotech and pharmaceutical companies will boost travel demand amongst consumers.

Allianz released the results from the survey on Wednesday and found that the majority of respondents, who responded before the vaccine news from Pfizer, Moderna, and other companies was released, said that a proven vaccine would make them feel safe to travel again (58%). And consumers over the age of 65-years-old placed a higher emphasis on vaccine news compared to those under 45.

More consumers feel that a proven vaccine would impact more than an announcement from health officials saying it was safe (48%) or advanced sanitization efforts at hotels, airports, and other travel spaces (47%).

“The promise of a highly-effective COVID-19 vaccine could be a substantial step toward recovery for the travel industry, and as our survey found, a key factor in customers feeling more confident booking trips for 2021,” Allianz USA director of marketing and communications Daniel Durazo said.

“With pent-up travel demand at a seemingly all-time high, we anticipate Americans will be looking to book their ultimate itineraries in 2021 to their favorite destinations.”

Allianz’s survey also found that most Americans plan to fly for their next vacation (70%) while those wanting to drive trended lower (19%).

Vaccine updates
On Tuesday, the United Kingdom became the first country to fully approve Pfizer and BioNTech’s COVID-19 vaccine, with the first shots expected to roll out sometime next week. Pfizer and BioNTech is still waiting on approval from the U.S. Food and Drug Administration, with a FDA meeting scheduled for Dec. 10 expected to be the day that approval is discussed.

Also on Tuesday, New York Governor Andrew Cuomo said that his state was expecting the first delivery of Pfizer’s vaccine on Dec. 15 and expects to start rolling out an initial batch of 170,000 doses during that week.

In Canada, according to Maclean’s, its health department, Health Canada, is also still reviewing Pfizer’s application, which is further along than any other vaccine candidate.

Moderna’s vaccine, which sports a similar efficacy to Pfizer’s 95%, is also still awaiting approval from both the U.S., Canada, and the U.K.

  14
  0

MOST VIEWED

  1. All U.S. Flights Grounded Due to FAA Computer Outage
  2. Delta Air Lines Will Offer Free Wi-Fi Starting on Feb. 1
  3. Norwegian Cruise Line Brings Back COVID-19 Requirements
  4. Forbes Says ‘You Need a Travel Advisor in 2023’
  5. Here Are the Best Airlines for Flight Delays in North America in 2022
  6. Cruise Ducks: A Cruising Tradition Travel Advisors Should Know About

MOST EMAILED

  1. Forbes Says ‘You Need a Travel Advisor in 2023’
  2. Here Are the Automatic & Suggested Gratuity Policies for Each Major Cruise Line
  3. All U.S. Flights Grounded Due to FAA Computer Outage
  4. Delta Air Lines Will Offer Free Wi-Fi Starting on Feb. 1
  5. Tour Operators & Advisors Forced to Cancel Trips as Peru Shuts Down Machu Picchu
  6. Americans Can Still Renew Their Passport Online in 2023
TMR THIS WEEK
Sponsored by Explora Journeys
//services.travelsavers.com/AMGService.svc/REST/GetImage?ImageID=790a5703-649e-ed11-9b4d-005056a855ed&Width=350&Height&250

Selling Savory Cruise Experiences to Foodie Clients

With the boundaries of food and beverage programs being pushed across nearly every sector of cruising, the interest of clients in culinary experiences is also piquing.

Read More...
TMR Subscription

Subscribe today to receive daily in-depth coverage, analysis of industry news, trends and issues that affect how you do business. Subscribe now for free.

Subscribe to TMR

Top Stories
Consumers Want More Personalization When It Comes to Travel Planning
Consumers Want More Personalization When It Comes to Travel Planning

More than ever, travelers want the ability to customize their vacation packages. 

Read...
SEO Nets Big Results for One LGBTQ+ Travel Specialist
SEO Nets Big Results for One LGBTQ+ Travel Specialist

"SEO actually works the way they say it works," says Scott Wismont. 

Read...
Travel Advisors Save the Day … But Travel Protection Can Save the Trip
Travel Advisors Save the Day … But Travel Protection Can Save the Trip

If there’s one thing we’ve learned from the past several years is that when it comes to travel, it’s safest to expect the unexpected at every leg of the journey. 

Read...
We Tried ChatGPT – Here’s What It Said About Travel Advisors and Their Future
We Tried ChatGPT – Here’s What It Said About Travel Advisors and Their Future

Even a robot knows that travel advisors are here to stay.

Read...
MasterAdvisor 65: How to Deal with a Client's Travel Disruptions
MasterAdvisor 65: How to Deal with a Client's Travel Disruptions

If the headlines this and last month showed us anything, advisors are essential. 

Read...
What’s New in Travel Agent FAM Trips
What’s New in Travel Agent FAM Trips

Like everything in travel, FAM trips have been reinvented and continue to evolve and roll with the punches.

Read...
TMR OUTLOOKS & WHITE PAPERS
river cruise 2022
group outlook 2022
lux cruise outlook
CP White Paper
Multi-Gen Outlook
River Cruise Outlook 2019
View All
Advertiser's Voice
Celebrate National Don’t Plan for Vacation Day with Delta Vacations
About Travel Market Report Mission Staff Advisory Board Advertise
TMR Resources Webinars Calendar of Events Outlook/Whitepapers Previous Sponsored Articles Previous This Week Articles
Subscribe to TMR
Select Language
Do You Have an Idea Email
editor@travelmarketreport.com
Give Us a Call
1-(516) 730-3097
Drop Us a Note
Travel Market Report
71 Audrey Ave, Oyster Bay, NY 11771
News |Tours & Packages |Cruise |Hotels & Resorts |Destinations |Retail Strategies |Niche & Luxury |Well-Being Travel |Training & Events |Who We Are
© 2005 - 2023 Travel Market Report, an American Marketing Group Inc. Company All Rights Reserved | 243 South Street, Oyster Bay, NY, 11771 USA | Telephone (516) 730-3097| Terms and Conditions
Cookie Policy Privacy Policy