Travel Insurance Comparison Site Squaremouth Explains How Traveler Behavior Has Changed This Thanksgiving - Insurance News | InsuranceNewsNet

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November 20, 2017 Newswires
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Travel Insurance Comparison Site Squaremouth Explains How Traveler Behavior Has Changed This Thanksgiving

PR Newswire

ST. PETERSBURG, Fla., Nov. 20, 2017 /PRNewswire/ -- More than 50 million U.S. residents are expected to travel this Thanksgiving, the highest total in 12 years, according to AAA Travel. Leading travel insurance comparison site, Squaremouth, breaks down how traveler behavior has changed this Thanksgiving season.

More Travelers Choose to Stay in the U.S.

The United States has surpassed Mexico as the most popular destination for U.S. travelers this Thanksgiving.

  • The number of travelers insuring domestic trips this Thanksgiving increased by 61% over last year
  • After the United States, the next 5 most popular Thanksgiving destinations are Caribbean countries

Average Travel Spending Decreases From Last Year

Although more travelers are buying travel insurance to protect their vacations this Thanksgiving, they are spending less money on those trips compared to last year.

  • Overall, the average cost per trip dropped to $2,453, a 3% decrease from last year
  • The average cost of domestic trips decreased by 11% year-over-year, falling to $2,223
  • International Thanksgiving trip costs remained relatively steady at $2,519

Concern Rises Over Flight Delays

Flight delays are a major concern each holiday season. During Thanksgiving, roughly 15% of flights are delayed each year, according to data from the U.S. Department of Transportation.

  • The number of travelers who bought travel insurance for trips this Thanksgiving after specifically searching for Travel Delay coverage more than tripled over last year

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:
Steven Benna[email protected] 
(727) 619-7262

 

View original content:http://www.prnewswire.com/news-releases/travel-insurance-comparison-site-squaremouth-explains-how-traveler-behavior-has-changed-this-thanksgiving-300559489.html

SOURCE Squaremouth

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