Allianz Global Assistance released their Allianz Travel Insurance Vacation Confidence Index on July 5, revealing that Americans are estimated to spend more than $100 billion of spending on summer vacations this summer. Allianz defined a vacation as a "leisure trip of at least a week to a place that is 100 miles or more from home." The Vacation Confidence Index measures Americans' confidence in their ability to take a summer vacation, showing that the projected summer spending for this year is $101.1 billion, compared to 2016's $89.9 billion, a 12.5 percent increase from 2016.
What generation will make up 75 percent of the workforce in 2025? If you guessed millennials, you’d be right! According to an article titled "How Millennials Could Upend Wall Street and Corporate America" by Morley Winograd and Dr. Michael Hais, by 2020, millennials will comprise more than one of three adult Americans, and by 2025 they will make up as much as 75 percent of the workforce. What does that mean for corporate planners? They will have to evolve the way they plan corporate events from boomers and Gen X’ers to millennials or face having an event that will become a social disaster!