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.
According to recently published figures, IMEX America 2016 has officially broken multiple records. The event, which was held Oct. 18–20, had an attendance increase of 14 percent from last year.
There was a 6 percent increase in the attendance of hosted buyers, making up 3,216 from 60 countries. About 10,000 buyers attended group appointments and prescheduled appointments were upwards of 60,000—far more than the numbers gathered in 2015.
Tourist spending in Rockford and Winnebago counties has continues to rise year after year—in 2015 it reached $349.91 million, a 3 percent increase from the previous year, according to the Illinois Department of Commerce’s Office of Tourism.
"We are delighted to see such strong results again this year for the tourism economy in Winnebago County," says Roberta Holzwarth, board chair, Rockford Area Convention & Visitors Bureau. "Sustained economic growth is crucial as we transform our region.”