The new need for trip insurance amid the pandemic is reshaping the travel landscape.
For its part, competing travel insurer Allianz Partners USA in Richmond, Virginia, has found that 55% of its clients plan travel within the continental U.S. for their next trips. Mexico, the Caribbean and Hawaii are collectively No. 2, at 24%, while 15% are planning journeys to Europe.
We're seeing customers rebound to pre-pandemic interest levels, which has the potential to fuel travel enthusiasm into 2022.Those who are insuring trips with comprehensive coverage are also doing it sooner, now buying international plans, on average, three months and six days before departure, compared with just over two months ahead of trips pre-pandemic. For U.S. trips, the lead time is now two months, 20 days, up from just two months.
Sixty-seven percent told Allianz Partners USA they already plan to fly to their next vacation spot, with 19% driving and 11% taking a cruise ship. Asked about how Covid has affected their feelings about cruises, 24% said it hadn't; of those who said they were now less comfortable, 72% "still plan to cruise again," according to the firm.
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