Summer Travel Trends Report: Top Destinations and Traveler Behavior Revealed - InsuranceNewsNet

InsuranceNewsNet

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading newswires
Topics
  • Life Insurance
  • Annuity News
  • Health/Employee Benefits
  • Property & Casualty
  • Advisor News
  • Washington Wire
  • Fiduciary Rule
  • INN Exclusives
  • Newswires
  • INNsider
  • INN Exclusives
  • NewsWires
  • Magazine
Sign in or register to be an INNsider.
  • INN Exclusives
  • NewsWires
  • ★ Regulation News
  • Podcast
  • Magazine
  • About
  • Advertise
  • Editorial Staff
  • Contact
  • Susbcribe

Get Social

  • Facebook
  • Twitter
  • LinkedIn
  • Google+
Insider
newswires
newswires RSS Get our newsletter
Order Prints Share
May 31, 2018 newswires No comments Views: 2

Summer Travel Trends Report: Top Destinations and Traveler Behavior Revealed

PR Newswire

ST. PETERSBURG, Fla., May 31, 2018 /PRNewswire/ -- More American travelers than ever are purchasing travel insurance for vacations this summer. As the busy travel season begins, leading travel insurance comparison site, Squaremouth, reveals the biggest summer travel trends, including where travelers are headed and how much they're spending.

Demand for Travel Insurance Increases
More travelers are insuring their summer trips this year, compared to last year.

  • 32% more travelers have purchased travel insurance for trips during the months of June, July and August 2018, compared to the same months in 2017.

What are Travelers' Biggest Concerns?
Travel insurance policies are comprehensive and typically include many benefits, however, Trip Cancellation and Emergency Medical are among the most common and popular benefits.

  • More than 80% of travelers buy policies with cancellation coverage to be able to get their money back if they need to cancel their trip.
  • Travelers buying policies with Flight Accidental Death & Dismemberment coverage for trips this summer increased 69% compared to last summer.
  • Travelers buying policies specifically with Hurricane & Weather coverage for trips this summer increased 14% compared to last summer.

Where are Travelers Headed This Summer?*
While the United States remains the most popular destination for summer travel overall, travel to international destinations continues to increase.

  • Canada is the top international destination for travelers this summer.
  • Norway and Germany have a significant increase in travelers compared to last summer with a gain of 67% and 47% respectively.

*Top 10 Destinations for American travelers ranked by year-over-year growth in the months of June, July & August

How Much are Travelers Spending?
Overall, travelers are spending slightly more on vacations this summer compared to last.

  • The average trip cost for a Top 10 Destination is $6,080.
  • Travelers heading to Mexico are spending the least, with an average of $3,310 per trip.
  • Travelers heading to Norway are spending the most, with an average of $9,754 per trip.

Top 10 International Destinations

International Destination in Order of Popularity

YoY Traveler Growth

Summer 2018 Average Trip Cost

YoY Average Spending Change

Canada

+15%

$6,095

+3%

Italy

+36%

$6,716

+11%

Mexico

+22%

$3,310

+2%

France

+18%

$5,533

+7%

United Kingdom

+.8%

$6,049

+1%

Germany

+47%

$6,509

+13%

Spain

+21%

$5,976

+2%

Ireland

+25%

$5,931

+3%

Bahamas

+10%

$4,933

-8%

Norway

+67%

$9,754

-1%

Related Report: Travel to 'Last Chance' Destinations Spikes

ABOUT SQUAREMOUTH
Squaremouth compares travel insurance policies from every major travel insurance provider in the United States. Using Squaremouth's comparison engine and third-party customer reviews, travelers can research and compare travel insurance policies side-by-side. More information can be found at www.squaremouth.com

Available Topic Expert:
Carolyn Leckie[email protected] 
727-260-5012

 

Cision View original content:http://www.prnewswire.com/news-releases/summer-travel-trends-report-top-destinations-and-traveler-behavior-revealed-300657562.html

SOURCE Squaremouth

Older

Researchers at University of British Columbia Discuss Findings in Alzheimer Disease (The Independent Associations of Physical Activity and Sleep with…

Advisor News

  • Baby Boomers Flocking To A Mexican Retirement
  • Retired Massachusetts Landscaper Scammed Out Of $100K, State Says
  • MDRT Study Finds Consumers Want Advisors Over Tech
  • Your Clients Should Plan Retirement Savings To Last 23 Years
  • Robert Moore Steps Down As CEO Of Cetera, Due To Health Reasons
More Advisor News

Annuity News

  • Arizona The Latest State To Attempt An Annuity Sales Rule
  • Nick Lane Assumes Role As President Of AXA Equitable Life
  • Annuity Sales Spiked 14 Percent In 2018, No Slowdown In Sight
  • Speak Out: NAIC Gets Plenty Of Advice On Annuity Sales Rule
  • Lincoln Financial Introduces Annuity Designed For Retirement Rollover Dollars
More Annuity News

Health/Employee Benefits

  • Kansas GOP Pushes For Cheaper Health Plans That May Not Cover Pre-Existing Conditions
  • A Tax Penalty Could Help Shore Up Obamacare In California
  • Government Headed For Close To Half The Nation’s Health Tab
  • National Health Expenditures To Hit $6T By 2027, CMS Predicts
  • Florida Governor Wants To Import Drugs From Canada
More Health/Employee Benefits

Life Insurance

  • Family Turns To Crowdfunding To Pay For Loved One’s Funeral
  • AM Best Upgrades Issuer Credit Rating Outlook For Principal Financial
  • AIG Sets New Term Life Insurance Rates
  • Northwestern Mutual Reports Strong 2018 Financial Results
  • Florida Police: Niece Steals $188,000, Life Insurance, From Aunt
Sponsor
More Life Insurance

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.
select Newsletter Options

Most Popular

  • Annuity Sales Spiked 14 Percent In 2018, No Slowdown In Sight
  • Arizona The Latest State To Attempt An Annuity Sales Rule
  • Private Equity Targets Insurance Agencies For M&A Activity
  • Medicare For All, Single-Payer Will Be Discussed At NAHU Conference
  • Understanding The Benefits Of Whole Life Insurance

Featured Offers

Text Ads

Press ReleasesAll press releases

  • LegacyShield® Launches MyTax, An Integrated Solution for Simplified, Professionally Prepared, Tax Returns
  • Nassau Re Launches Insurtech Incubator Will Give Space and Support to Startups in Hartford
  • Peerfit Prepares for Medicare Expansion with Peerfit Move, Recruits Industry Veteran
  • Great American’s Annuity Customers Share Their Secrets to a Great Retirement
  • Securian Financial Introduces Affordable, Protection-Focused IUL with No-Lapse Guarantee
Add your Press Release >

Topics

  • Life Insurance
  • Annuity News
  • Health/Employee Benefits
  • Property and Casualty News
  • Advisor News
  • Washington Wire
  • Regulation

Top Sections

  • INN Exclusives
  • INN Insider

Our Company

  • About
  • Editorial Staff
  • Advertise
  • Contact

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter Google+
© 2019 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • Sitemap
  • AdvisorNews

Sign in with your INNsider Account

Not registered? Become an INNsider.