As a bowmaker, I would like to temper these answers a bit. Yes, if you leave a bow under tension too long, it will lose its camber (bend) faster. So that's true: one should get in the habit of loosening the bow.
But- one, all bows lose camber eventually, even if they are loosened religiously, unless they meet some other untimely end beforehand, because they are under tension when being played. This happens very slowly, and is usually correctable, at least with wooden bows: the stick can be reheated and rebent (by a luthier, or you can try it yourself on a cheap bow), and this can be done several times with no noticeable loss of stiffness. I've rebent original baroque bows over two hundred years old, and they work fine.
So I wouldn't necessarily panic about having left the bow for an hour- or even a day- under tension, if it's not at extreme temperatures. It's not going to damage the bow more than playing does anyway.
And second- the screw, eyelet, frog, and especially the stick where these parts touch it, does wear every time the bow is tightened or loosened. Not much, but a bow which is worn out at the frog end is substantially harder to repair than merely rebending the stick. So I would say don't be neurotic about loosening the bow every time you take a short break.
If you are really serious about reducing the wear and tear of tightening and loosening the bow, you can do what I do: take the tension off the hair by straightening the stick a bit- say, by pushing it against your knee with one hand- and turning the screw with the other. This way there is no pressure on the mating surfaces while adjusting, and everything will last much longer. Again, you might want to practice on a cheap bow.
As long as I'm on bow maintainance: you can extend the lifetime of the eyelet, that is the nut in the frog the screw goes into, by about a factor of ten if you take the screw out and put a drop of oil or grease on its tip about once a year or two. This should be done by whoever hairs your bow, but it very often is not.