|By PR Newswire||
|March 6, 2014 04:00 AM EST||
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.
KEY POLL FINDINGS
Percentage of Canadians who are traveling on vacation for March Break, by region:
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.
The security needs of IoT environments require a strong, proven approach to maintain security, trust and privacy in their ecosystem. Assurance and protection of device identity, secure data encryption and authentication are the key security challenges organizations are trying to address when integrating IoT devices. This holds true for IoT applications in a wide range of industries, for example, healthcare, consumer devices, and manufacturing. In his session at @ThingsExpo, Lancen LaChance, vic...
Feb. 19, 2017 05:00 PM EST Reads: 7,959
With billions of sensors deployed worldwide, the amount of machine-generated data will soon exceed what our networks can handle. But consumers and businesses will expect seamless experiences and real-time responsiveness. What does this mean for IoT devices and the infrastructure that supports them? More of the data will need to be handled at - or closer to - the devices themselves.
Feb. 19, 2017 05:00 PM EST Reads: 1,432
You think you know what’s in your data. But do you? Most organizations are now aware of the business intelligence represented by their data. Data science stands to take this to a level you never thought of – literally. The techniques of data science, when used with the capabilities of Big Data technologies, can make connections you had not yet imagined, helping you discover new insights and ask new questions of your data. In his session at @ThingsExpo, Sarbjit Sarkaria, data science team lead ...
Feb. 19, 2017 05:00 PM EST Reads: 7,864
The Internet of Things can drive efficiency for airlines and airports. In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect with GE, and Sudip Majumder, senior director of development at Oracle, discussed the technical details of the connected airline baggage and related social media solutions. These IoT applications will enhance travelers' journey experience and drive efficiency for the airlines and the airports.
Feb. 19, 2017 05:00 PM EST Reads: 738
SYS-CON Events announced today that Dataloop.IO, an innovator in cloud IT-monitoring whose products help organizations save time and money, has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Dataloop.IO is an emerging software company on the cutting edge of major IT-infrastructure trends including cloud computing and microservices. The company, founded in the UK but now based in San Fran...
Feb. 19, 2017 04:15 PM EST Reads: 1,904
Building a cross-cloud operational model can be a daunting task. Per-cloud silos are not the answer, but neither is a fully generic abstraction plane that strips out capabilities unique to a particular provider. In his session at 20th Cloud Expo, Chris Wolf, VP & Chief Technology Officer, Global Field & Industry at VMware, will discuss how successful organizations approach cloud operations and management, with insights into where operations should be centralized and when it’s best to decentraliz...
Feb. 19, 2017 03:45 PM EST Reads: 1,240
In the first article of this three-part series on hybrid cloud security, we discussed the Shared Responsibility Model and examined how the most common attack strategies persist, are amplified, or are mitigated as assets move from data centers to the cloud. Today, we’ll look at some of the unique security challenges that are introduced by public cloud environments. While cloud computing delivers many operational, cost-saving and security benefits, it takes place in a public, shared and on-demand ...
Feb. 19, 2017 02:45 PM EST Reads: 866
In his session at @ThingsExpo, Sudarshan Krishnamurthi, a Senior Manager, Business Strategy, at Cisco Systems, will discuss how IT and operational technology (OT) work together, as opposed to being in separate siloes as once was traditional. Attendees will learn how to fully leverage the power of IoT in their organization by bringing the two sides together and bridging the communication gap. He will also look at what good leadership must entail in order to accomplish this, and how IT managers ca...
Feb. 19, 2017 02:30 PM EST Reads: 1,029
In his session at 20th Cloud Expo, Mike Johnston, an infrastructure engineer at Supergiant.io, will discuss how to use Kubernetes to setup a SaaS infrastructure for your business. Mike Johnston is an infrastructure engineer at Supergiant.io with over 12 years of experience designing, deploying, and maintaining server and workstation infrastructure at all scales. He has experience with brick and mortar data centers as well as cloud providers like Digital Ocean, Amazon Web Services, and Rackspace....
Feb. 19, 2017 02:30 PM EST Reads: 2,058
The financial services market is one of the most data-driven industries in the world, yet it’s bogged down by legacy CPU technologies that simply can’t keep up with the task of querying and visualizing billions of records. In his session at 20th Cloud Expo, Jared Parker, Director of Financial Services at Kinetica, will discuss how the advent of advanced in-database analytics on the GPU makes it possible to run sophisticated data science workloads on the same database that is housing the rich inf...
Feb. 19, 2017 02:15 PM EST Reads: 888
SYS-CON Events announced today that CA Technologies has been named “Platinum Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY, and the 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. CA Technologies helps customers succeed in a future where every business – from apparel to energy – is being rewritten by software. From ...
Feb. 19, 2017 02:00 PM EST Reads: 870
Providing the needed data for application development and testing is a huge headache for most organizations. The problems are often the same across companies - speed, quality, cost, and control. Provisioning data can take days or weeks, every time a refresh is required. Using dummy data leads to quality problems. Creating physical copies of large data sets and sending them to distributed teams of developers eats up expensive storage and bandwidth resources. And, all of these copies proliferating...
Feb. 19, 2017 01:45 PM EST Reads: 4,785
SYS-CON Events announced today that Cloud Academy will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Cloud Academy is the industry’s most innovative, vendor-neutral cloud technology training platform. Cloud Academy provides continuous learning solutions for individuals and enterprise teams for Amazon Web Services, Microsoft Azure, Google Cloud Platform, and the most popular cloud computing technologies. Ge...
Feb. 19, 2017 01:15 PM EST Reads: 687
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.
Feb. 19, 2017 12:45 PM EST Reads: 978
Wooed by the promise of faster innovation, lower TCO, and greater agility, businesses of every shape and size have embraced the cloud at every layer of the IT stack – from apps to file sharing to infrastructure. The typical organization currently uses more than a dozen sanctioned cloud apps and will shift more than half of all workloads to the cloud by 2018. Such cloud investments have delivered measurable benefits. But they’ve also resulted in some unintended side-effects: complexity and risk. ...
Feb. 19, 2017 12:00 PM EST Reads: 600