Some of us cherish our vacation time and use our paid time off up to the last second. Others may be too busy at work to use all of their paid time off, or simply don’t have the desire to go on vacation. For those of you that leave a few hours on the table each year, you’re not alone. It turns out that over 40% of Americans who receive PTO don’t take advantage of it, according to a new study conducted by Oxford Economics for the U.S. Travel Association.
Did you know that among some of the benefits of taking your vacation time include higher productivity, stronger workplace moral, greater employee retention, and significant health benefits? Taking your vacation time is good for you! Get away for a little while and unwind with your families, relax on the beach, read a book, and stimulate the economy while you’re at it. In fact, take a look at the amount you would be contributing to the economy if you took time off work, or how significantly you could be harming the economy by squandering a portion of the paid time off:
- Americans left a total of $429 million in unused days last year, at an average of 3.2 PTO days
- The economy would benefit from more than $160 billion in total business sales if workers used all of their available PTO
- Spending the $160 billion available from this PTO would support 1.2 million jobs in industries ranging from retail to transportation
- Taking one additional day of PTO off each year would have a $73 billion impact on the economy
If you’re not already booking your flight and renting your vacation home, then you should consider it. Not only is it good for the economy, but it is of great value to you personally. Besides, what better way to gather your thoughts for your next big sales meeting or conference than by spending a few days sipping a delicious beverage on the beach? Call us 888.843.2322 to book a vacation rental today.