News Feed Item

CIBC Poll: Canadians escaping the cold for March Break vacations

Poll finds Canadians to spend an average of about $2,300 on March vacations this year

TORONTO, March 6, 2014 /CNW/ - A new CIBC (TSX: CM) (NYSE: CM) poll conducted by Vision Critical finds that winter-weary Canadians looking to escape this year's record-cold temperatures plan to spend an average of about $2,300 on their March Break vacations. More than half of those travelling (56 per cent) will be vacationing outside of Canada.

Highlights of the poll include:

  • 12 per cent of Canadians say they are planning a March vacation, with an average cost of $2,328.
  • Despite the falling loonie, more than half of March Break travelers (56 per cent) prefer to go outside of Canada, with the U.S. a top destination for 35 per cent and international travel preferred by 21 per cent.
  • 21 per cent of March Break travelers are traveling within Canada, and 26 per cent are staying even closer to home by traveling within their province.

"March Break likely can't come fast enough for Canadians this year given the harsh winter weather most of us have seen," says Steve Tyers, Vice President, Card Product Management, CIBC. "It can be costly to get away in March, especially if you're traveling outside of Canada, so using rewards such as travel points can really help cut expenses."

The bank noted a recent increase in clients using their travel rewards to book March break vacations. "We're certainly seeing this trend with CIBC's Aventura travel rewards credit card clients, with a spike in the number of clients booking their March Break vacations with their Aventura Points," added Mr. Tyers.

Illness, Overspending Top the List of Travel Worries this March

When asked what they worry about when traveling, Canadians said getting sick or injured while on vacation (34 per cent), overspending (17 per cent), losing their money or credit cards (14 per cent), and flight delays or cancellations because of bad weather (13 per cent) were their top travel concerns.

"Vacations should be worry-free, and knowing that you are protected against travel concerns can certainly ease your mind so that you can enjoy your vacation," says Mr. Tyers. "Look for protection against these travel concerns. For example, the new CIBC Aventura card has a number of travel insurances and benefits to protect you in the event of the unexpected, which can save you time and money while you are away."

To make the most of your March Break vacation plans, CIBC offers the following tips:

  • Protection: Make sure you understand the travel protection you may already have in the event of illness, flight cancellations or delays, and other travel concerns. Many credit cards offer insurance to protect you and your family, such as travel medical, trip cancellation, trip interruption, flight delay, lost baggage, car rental collision/damage.

  • Spending: Access benefits you have on your credit cards to stretch your vacation budget further. For example, your credit card may have features such as reward points to pay for flights, hotels and other travel-related expenses, and discounts on travel-related items such as car rentals. Some credit cards offer free budgeting and tracking tools. For example, the CIBC CreditSmart tool you can set and track your spending, and set up Alerts that remind you when you get close to your limits. And contact your credit card company to alert them that you are traveling. Advance notice to your credit card company on your travel plans can help ensure your credit card charges go through and you have use of your credit card for your vacation.

  • Losing your money or cards: Keep your cash and cards secure, and have a back up form of payment. Carrying a back up payment card or cash can help if you lose your primary method of payment. Be sure to keep them separate and in secure locations, and have important phone numbers written down separately in the event you lose a credit or debit card.


Percentage of Canadians who are traveling on vacation for March Break, by region:

National         12%
Atlantic Canada        9%
Quebec         13%
Ontario         11%
Manitoba/Saskatchewan     17%
Alberta          12%
British Columbia        15%

Top concerns when travelling (among Canadians with travel concerns):

Someone gets sick or injured on our vacation        34%
We overspend on our vacation          17%
We lose our money or credit cards     14%
Our flight is delayed or cancelled because of bad weather     13%
Our travel plans need to be cancelled before our vacation        7%
Our luggage is lost        6%
Our travel plans get interrupted during our vacation        4%

From February 20 to February 21 2014 an online survey was conducted by Vision Critical on behalf of CIBC among 1,511 randomly selected Canadian adults who are Angus Reid Forum panelists. The margin of error—which measures sampling variability—is +/- 2.5%, 19 times out of 20. The results have been statistically weighted according to education, age, gender and region (and in Quebec, language) Census data to ensure a sample representative of the entire adult population of Canada. Discrepancies in or between totals are due to rounding. Sample sizes for regional groups under Key Findings are smaller than typically reported and provided only as reference data.

CIBC is a leading North American financial institution with nearly 11 million personal banking and business clients. CIBC offers a full range of products and services through its comprehensive electronic banking network, branches and offices across Canada, and has offices in the United States and around the world. You can find other news releases and information about CIBC in our Media Centre on our corporate website at www.cibc.com.



More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
In an era of historic innovation fueled by unprecedented access to data and technology, the low cost and risk of entering new markets has leveled the playing field for business. Today, any ambitious innovator can easily introduce a new application or product that can reinvent business models and transform the client experience. In their Day 2 Keynote at 19th Cloud Expo, Mercer Rowe, IBM Vice President of Strategic Alliances, and Raejeanne Skillern, Intel Vice President of Data Center Group and ...
"Avere Systems is a hybrid cloud solution provider. We have customers that want to use cloud storage and we have customers that want to take advantage of cloud compute," explained Rebecca Thompson, VP of Marketing at Avere Systems, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
More and more brands have jumped on the IoT bandwagon. We have an excess of wearables – activity trackers, smartwatches, smart glasses and sneakers, and more that track seemingly endless datapoints. However, most consumers have no idea what “IoT” means. Creating more wearables that track data shouldn't be the aim of brands; delivering meaningful, tangible relevance to their users should be. We're in a period in which the IoT pendulum is still swinging. Initially, it swung toward "smart for smar...
The Internet of Things (IoT), in all its myriad manifestations, has great potential. Much of that potential comes from the evolving data management and analytic (DMA) technologies and processes that allow us to gain insight from all of the IoT data that can be generated and gathered. This potential may never be met as those data sets are tied to specific industry verticals and single markets, with no clear way to use IoT data and sensor analytics to fulfill the hype being given the IoT today.
Virgil consists of an open-source encryption library, which implements Cryptographic Message Syntax (CMS) and Elliptic Curve Integrated Encryption Scheme (ECIES) (including RSA schema), a Key Management API, and a cloud-based Key Management Service (Virgil Keys). The Virgil Keys Service consists of a public key service and a private key escrow service. 

Apache Hadoop is a key technology for gaining business insights from your Big Data, but the penetration into enterprises is shockingly low. In fact, Apache Hadoop and Big Data proponents recognize that this technology has not yet achieved its game-changing business potential. In his session at 19th Cloud Expo, John Mertic, director of program management for ODPi at The Linux Foundation, will explain why this is, how we can work together as an open data community to increase adoption, and the i...
Data is the fuel that drives the machine learning algorithmic engines and ultimately provides the business value. In his session at Cloud Expo, Ed Featherston, a director and senior enterprise architect at Collaborative Consulting, will discuss the key considerations around quality, volume, timeliness, and pedigree that must be dealt with in order to properly fuel that engine.
All clouds are not equal. To succeed in a DevOps context, organizations should plan to develop/deploy apps across a choice of on-premise and public clouds simultaneously depending on the business needs. This is where the concept of the Lean Cloud comes in - resting on the idea that you often need to relocate your app modules over their life cycles for both innovation and operational efficiency in the cloud. In his session at @DevOpsSummit at19th Cloud Expo, Valentin (Val) Bercovici, CTO of So...
SYS-CON Events announced today that StarNet Communications will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. StarNet Communications’ FastX is the industry first cloud-based remote X Windows emulator. Using standard Web browsers (FireFox, Chrome, Safari, etc.) users from around the world gain highly secure access to applications and data hosted on Linux-based servers in a central data center. ...
SYS-CON Events announced today that eCube Systems, the leading provider of modern development tools and best practices for Continuous Integration on OpenVMS, will exhibit at SYS-CON's @DevOpsSummit at Cloud Expo New York, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. eCube Systems offers a family of middleware products and development tools that maximize return on technology investment by leveraging existing technical equity to meet evolving business needs. ...
What happens when the different parts of a vehicle become smarter than the vehicle itself? As we move toward the era of smart everything, hundreds of entities in a vehicle that communicate with each other, the vehicle and external systems create a need for identity orchestration so that all entities work as a conglomerate. Much like an orchestra without a conductor, without the ability to secure, control, and connect the link between a vehicle’s head unit, devices, and systems and to manage the ...
The best way to leverage your Cloud Expo presence as a sponsor and exhibitor is to plan your news announcements around our events. The press covering Cloud Expo and @ThingsExpo will have access to these releases and will amplify your news announcements. More than two dozen Cloud companies either set deals at our shows or have announced their mergers and acquisitions at Cloud Expo. Product announcements during our show provide your company with the most reach through our targeted audiences.
Machine Learning helps make complex systems more efficient. By applying advanced Machine Learning techniques such as Cognitive Fingerprinting, wind project operators can utilize these tools to learn from collected data, detect regular patterns, and optimize their own operations. In his session at 18th Cloud Expo, Stuart Gillen, Director of Business Development at SparkCognition, discussed how research has demonstrated the value of Machine Learning in delivering next generation analytics to impr...
@ThingsExpo has been named the Top 5 Most Influential Internet of Things Brand by Onalytica in the ‘The Internet of Things Landscape 2015: Top 100 Individuals and Brands.' Onalytica analyzed Twitter conversations around the #IoT debate to uncover the most influential brands and individuals driving the conversation. Onalytica captured data from 56,224 users. The PageRank based methodology they use to extract influencers on a particular topic (tweets mentioning #InternetofThings or #IoT in this ...
For basic one-to-one voice or video calling solutions, WebRTC has proven to be a very powerful technology. Although WebRTC’s core functionality is to provide secure, real-time p2p media streaming, leveraging native platform features and server-side components brings up new communication capabilities for web and native mobile applications, allowing for advanced multi-user use cases such as video broadcasting, conferencing, and media recording.