|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.
IoT offers a value of almost $4 trillion to the manufacturing industry through platforms that can improve margins, optimize operations & drive high performance work teams. By using IoT technologies as a foundation, manufacturing customers are integrating worker safety with manufacturing systems, driving deep collaboration and utilizing analytics to exponentially increased per-unit margins. However, as Benoit Lheureux, the VP for Research at Gartner points out, “IoT project implementers often ...
Sep. 27, 2016 10:45 PM EDT Reads: 3,386
SYS-CON Events announced today that Tintri Inc., a leading producer of VM-aware storage (VAS) for virtualization and cloud environments, 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. Tintri VM-aware storage is the simplest for virtualized applications and cloud. Organizations including GE, Toyota, United Healthcare, NASA and 6 of the Fortune 15 have said “No to LUNs.” With Tintri they mana...
Sep. 27, 2016 10:45 PM EDT Reads: 2,839
The Jevons Paradox suggests that when technological advances increase efficiency of a resource, it results in an overall increase in consumption. Writing on the increased use of coal as a result of technological improvements, 19th-century economist William Stanley Jevons found that these improvements led to the development of new ways to utilize coal. In his session at 19th Cloud Expo, Mark Thiele, Chief Strategy Officer for Apcera, will compare the Jevons Paradox to modern-day enterprise IT, e...
Sep. 27, 2016 10:30 PM EDT Reads: 2,174
Complete Internet of Things (IoT) embedded device security is not just about the device but involves the entire product’s identity, data and control integrity, and services traversing the cloud. A device can no longer be looked at as an island; it is a part of a system. In fact, given the cross-domain interactions enabled by IoT it could be a part of many systems. Also, depending on where the device is deployed, for example, in the office building versus a factory floor or oil field, security ha...
Sep. 27, 2016 09:30 PM EDT Reads: 478
SYS-CON Events announced today the Enterprise IoT Bootcamp, being held November 1-2, 2016, in conjunction with 19th Cloud Expo | @ThingsExpo at the Santa Clara Convention Center in Santa Clara, CA. Combined with real-world scenarios and use cases, the Enterprise IoT Bootcamp is not just based on presentations but with hands-on demos and detailed walkthroughs. We will introduce you to a variety of real world use cases prototyped using Arduino, Raspberry Pi, BeagleBone, Spark, and Intel Edison. Y...
Sep. 27, 2016 09:30 PM EDT Reads: 2,960
Is your aging software platform suffering from technical debt while the market changes and demands new solutions at a faster clip? It’s a bold move, but you might consider walking away from your core platform and starting fresh. ReadyTalk did exactly that. In his General Session at 19th Cloud Expo, Michael Chambliss, Head of Engineering at ReadyTalk, will discuss why and how ReadyTalk diverted from healthy revenue and over a decade of audio conferencing product development to start an innovati...
Sep. 27, 2016 08:30 PM EDT Reads: 2,041
Fifty billion connected devices and still no winning protocols standards. HTTP, WebSockets, MQTT, and CoAP seem to be leading in the IoT protocol race at the moment but many more protocols are getting introduced on a regular basis. Each protocol has its pros and cons depending on the nature of the communications. Does there really need to be only one protocol to rule them all? Of course not. In his session at @ThingsExpo, Chris Matthieu, co-founder and CTO of Octoblu, walk you through how Oct...
Sep. 27, 2016 08:15 PM EDT Reads: 2,233
SYS-CON Events announced today that Bsquare has been named “Silver Sponsor” of SYS-CON's @ThingsExpo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. For more than two decades, Bsquare has helped its customers extract business value from a broad array of physical assets by making them intelligent, connecting them, and using the data they generate to optimize business processes.
Sep. 27, 2016 07:00 PM EDT Reads: 2,862
Whether they’re located in a public, private, or hybrid cloud environment, cloud technologies are constantly evolving. While the innovation is exciting, the end mission of delivering business value and rapidly producing incremental product features is paramount. In his session at @DevOpsSummit at 19th Cloud Expo, Kiran Chitturi, CTO Architect at Sungard AS, will discuss DevOps culture, its evolution of frameworks and technologies, and how it is achieving maturity. He will also cover various st...
Sep. 27, 2016 06:45 PM EDT Reads: 1,820
Identity is in everything and customers are looking to their providers to ensure the security of their identities, transactions and data. With the increased reliance on cloud-based services, service providers must build security and trust into their offerings, adding value to customers and improving the user experience. Making identity, security and privacy easy for customers provides a unique advantage over the competition.
Sep. 27, 2016 06:30 PM EDT Reads: 3,568
There are several IoTs: the Industrial Internet, Consumer Wearables, Wearables and Healthcare, Supply Chains, and the movement toward Smart Grids, Cities, Regions, and Nations. There are competing communications standards every step of the way, a bewildering array of sensors and devices, and an entire world of competing data analytics platforms. To some this appears to be chaos. In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, Bradley Holt, Developer Advocate a...
Sep. 27, 2016 06:30 PM EDT Reads: 2,210
SYS-CON Events announced today that Niagara Networks 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. Niagara Networks offers the highest port-density systems, and the most complete Next-Generation Network Visibility systems including Network Packet Brokers, Bypass Switches, and Network TAPs.
Sep. 27, 2016 06:15 PM EDT Reads: 414
SYS-CON Events announced today that Secure Channels 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. The bedrock of Secure Channels Technology is a uniquely modified and enhanced process based on superencipherment. Superencipherment is the process of encrypting an already encrypted message one or more times, either using the same or a different algorithm.
Sep. 27, 2016 06:00 PM EDT Reads: 1,701
If you’re responsible for an application that depends on the data or functionality of various IoT endpoints – either sensors or devices – your brand reputation depends on the security, reliability, and compliance of its many integrated parts. If your application fails to deliver the expected business results, your customers and partners won't care if that failure stems from the code you developed or from a component that you integrated. What can you do to ensure that the endpoints work as expect...
Sep. 27, 2016 05:45 PM EDT Reads: 1,666
So, you bought into the current machine learning craze and went on to collect millions/billions of records from this promising new data source. Now, what do you do with them? Too often, the abundance of data quickly turns into an abundance of problems. How do you extract that "magic essence" from your data without falling into the common pitfalls? In her session at @ThingsExpo, Natalia Ponomareva, Software Engineer at Google, provided tips on how to be successful in large scale machine learning...
Sep. 27, 2016 05:30 PM EDT Reads: 2,036