Riding the Wave: Cruise Industry Prepares for A Record-Breaking Year
This maritime momentum has been building over the past three years. New data from Squaremouth, the nation's leading travel insurance marketplace, reveals that the cruise industry is poised to make a big splash in 2024, shattering records along the way.
The Resurgence of the Cruise Industry
Squaremouth has witnessed unprecedented growth within the cruise industry since cruise travel resumed in 2021.
Last year, travelers bought cruise insurance policies in record numbers, as more customers purchased plans with the 'Cruise' filter than any year in the company's 20+ year history. Squaremouth reported a 29% increase in cruise sales over 2022, and a 200% increase over 2021.
Squaremouth predicts this growth to continue in 2024. According to a recent survey, 26% of customers are taking a cruise on their next trip, compared to 20% in early 2023.
Top Tips for Cruisers in 2024
If you plan on cruising in 2024, Squaremouth recommends the following tips:
- Take Advantage of Wave Season Pricing: The cost of travel does not appear to be going down anytime soon. Wave season presents an opportunity for special cruise offers over the next couple of months.
Protect Your Cruise Investment : From missing your ship's departure due to a delayed flight to your itinerary being impacted by inclement weather, cruise insurance can provide peace of mind and financial protection from major travel disruptions.- Get Overseas Medical Coverage: Many primary healthcare plans don't offer coverage outside the US. Travel insurance can provide Emergency Medical and Medical Evacuation benefits in case of an emergency during your cruise.
- Stay Organized: In the event you need to file a claim with your insurance provider, you will need to provide specific evidence and documentation, including travel details, receipts, booking confirmations, and travel supplier communications.
Notes to editors
Available Topic Expert:
About Squaremouth: Squaremouth.com has insured over 3 million travelers. Using Squaremouth's intuitive quoting and comparison engine, award-winning support team, and verified customer reviews, travelers can save time and money to find the best travel insurance policy for their trip.
SOURCE Squaremouth
Jet Insurance Company Announces Partnership with Trust & Will
Bradley Appointed to CopperPoint Board of Directors
Advisor News
- What to discuss during the first retirement planning meeting
- Inflation, competing priorities and uncertainty erode retirement security
- As health premiums rise, 1 in 8 workers cut retirement savings
- CT governor’s candidates claims: What’s true, and what’s misleading
- Retaining clients by giving them a memorable experience
More Advisor NewsAnnuity News
- National Life Group expands annuity portfolio
- AM Best to Join Life/Annuity Insurance-Focused Panel Discussion at Capitol Forum Event
- USAA Earns No. 1 Ranking in JD Power Individual Annuity Study for the Third Consecutive Year
- How flexible annuities fit today’s retirement portfolios
- Foresters Financial appoints Tom Ross as chief distribution officer for U.S. annuity sales
More Annuity NewsHealth/Employee Benefits News
- CONSUMER ADVISORY: OPEN ENROLLMENT STARTS NOV. 1: COMPARE OPTIONS AND FIND OUT HOW TO SAVE
- GOVERNOR SPANBERGER CELEBRATES COURT RULING PROTECTING HEALTHCARE COVERAGE FOR VIRGINIANS WITH SERIOUS ILLNESSES
- Kenai renews employee health coverage despite $792K jump in costs
- Healthcare navigator: More people are dropping insurance or choosing higher-deductible plans
- UnitedHealth Group Incorporated Trademark Application for “HPN” Filed: UnitedHealth Group Incorporated
More Health/Employee Benefits NewsLife Insurance News