Canadians are feeling optimistic about travel in 2026, according to Allianz Global Assistance Canada (Allianz). In its 9th annual Vacation Confidence Index Study, the insurance provider revealed that seven in Canadians say they are confident they will take a vacation this year, marking a significant nine-point increase from last year.
Among the over 2,000 Canadians surveyed, confidence was strongest among families with children (77%) and high-income earners ($100K+, 85%), as well as younger generations, with 71% of Gen Z, Millennials and Gen X planning trips compared to 63% of Boomers.
At the same time, 70% of Canadians believe annual vacations are important for their wellbeing, with even higher importance among parents and younger demographics.
Allianz’s Vacation Confidence Index Study also highlights a notable shift in destination preferences. Domestic travel remains the top choice at 38%, followed by Mexico and the Caribbean (24%) and Europe (15%). Travel to the U.S. has dropped eight points from last year, reflecting changing geopolitical and economic considerations.
With confidence high and destinations evolving, Allianz Global Assistance Canada reminds Canadian travellers that unexpected events, from flight delays to medical emergencies, can disrupt travel plans.
“These numbers tell a clear story: vacations are not just a luxury; they are a priority for Canadians in 2026,” says Allianz, adding, “(However), with travel confidence rising, so does the need to plan responsibly.”
“Canadians are eager to make travel a reality in 2026, and this confidence underscores the need for proper protection,” said Tayjua Squire, Manager, Corporate Communications at Allianz. “Whether it’s a family getaway or an international adventure, travel insurance provides peace of mind in an unpredictable world.”
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