Generali Global Assistance Releases 2017 Recap For Travel and Insurance Trends
NEW YORK and
For the year, the average cost of a trip that travelers insured was
Commenting on today's news,
The vacation rental space by contrast was little changed last year in terms of trip cost and duration as "Vacation rentals tend to be a high repeat business and therefore fluctuate very little in terms of average trip cost as families tend to rent the same property for their vacations year in, year out," said Carnicelli. In 2017, total average trip cost increased 4% - in-line with average rental fee increases – and average duration remain unchanged at 6 days. Unlike general travel, vacation rental travelers were more concerned with purchasing insurance earlier with the average number of days between departure and purchase rising from 86 to 89. "The vacation rental industry is in the midst of tremendous growth and competition for properties is fierce. We expect vacationers to continue to book their rentals further and further out to ensure they get the properties they want," Carnicelli added.
In 2017, insured cruise trips decreased by 13% compared to 2016, while insured air travel trips rose by 27%. The top three airlines consumers booked insured travel on were Delta, United, and American and the top three most booked cruise lines were
Top ten most booked destinations by travelers (compiled from the
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Carnicelli continued, "This past year was seemingly dominated by natural disasters, and man-made events, like the
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