Where travelers spent the most in 2024 With 2024 coming to a close, Squaremouth.com, the leading travel insurance comparison site in US, is revealing where luxury-loving travelers spent their money in 2024 and which destinations were the most costly. Trips to Africa, Antarctica, French Antarctic Territories, and the islands of Oceania cost the most. This year, travelers spent 34% more on trips to these 10 destinations compared to any other countries. Travelers spend millions on most expensive destinations Over 15,000 travelers spent over $82 million to visit the 10 most expensive destinations. This year, Squaremouth saw a 43% increase in spending to expensive destinations compared to 2023. The average individual trip cost to these destinations in 2024 was just over ...
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From historic hurricanes, growing anti-tourism sentiments, frequent travel disruptions and ever-rising trip costs, 2024 has been a challenging year for travelers. Looking ahead into the new year, Squaremouth, the leading travel insurance marketplace US, reveals their top 3 biggest travel predictions for 2025. 1. As trip costs climb, interest in travel will continue to decline Travelers have seen increasing travel prices for the past 4 years running. The average international trip cost for 2025 is $9,922, up 11% from 2024, 16% from 2023 and 32% from 2022. Data indicates this trend shows no signs of stopping, and many travelers may be cutting back on travel due to these rising costs. 2. Travellers will opt to head north and west While overall interest in international travel...
Read More2025 Travel Trends With the 2025 travel season right around the corner, Squaremouth.com, leading travel insurance marketplace in US, is taking stock of what types of trips travelers are spending their money on. A recent Squaremouth survey that polled more than 1,000 travel insurance customers revealed what trip types are soaring in 2025, and which ones are sinking. Putting family first It's all about family going into the 2025 travel season. 47% of travelers are opting for multigenerational or family trips in 2025, surpassing all other types of group trips and up 17% over 2024. Friend group travel is the second most common type of trip for 2025 travelers at 20%, down 3% from 2024. Solo travel is rapidly losing popularity going into next year, with only 12% of travelers intere...
Read MoreTravel is continuing to rise and cruise popularity is no different going into 2025. A recent Squaremouth survey that polled more than 4,000 travel insurance customers in US revealed that 33% of travelers are planning to take a cruise in the next calendar year, compared to 26% last year and only 20% in early 2023. With wave season right around the corner, Squaremouth.com, the US leading travel insurance marketplace, breaks down cruiser behavior, demographics and top travel insurance cruise tips to keep in mind. Top Cruiser Fear: Sickness & Injury27% of travelers cite that their biggest fear while on a cruise is getting sick or injured during their cruise, followed by 15% fearful of getting sick or injured prior to their trip. In order to assu...
Read MoreNew data reveals travelers are spending more on their trips this summer than ever before. Squaremouth.com, the nation's leading travel insurance marketplace, reports that travelers are spending an average of nearly $10,000 on their trips this summer. Squaremouth breaks down the rise in summer travel spending and explains how travelers can protect their trips in 2024. Summer travelers see higher trip costs in 2024 The average summer trip cost is almost $10,000 this year for the first time, marking a 7% increase over 2023 and 14% increase over 2024. This jump in trip cost is largely due to the overall rising cost of travel and inflation. Average summer trip cost & travel insurance premiums by year *Average trip cost data only reflects policies sold with an insured...
Read MoreSquaremouth predicts the 2024 travel outlook This year has been a challenging one for travelers, featuring passport delays, pilot strikes, natural disasters, and other uncommon disruptions. Looking ahead into the new year, Squaremouth, the US based leading travel insurance marketplace, reveals their predictions of the most notable travel trends to expect in 2024, and shares tips for travelers planning their trips. 1. 2024 will be the most expensive year on record for travelers Travelers have seen an increase in travel prices for the past three years running. The average international trip cost in 2023 is $6,574, up 21% from last year, and 30% from 2021. Data indicates this trend shows no signs of stopping, and many travelers share this same sentiment and expect to spend...
Read MoreRemote work has allowed employees to work from anywhere - even while traveling - and many travelers are taking full advantage with blended trips. Blended travel refers to trips that include both work and leisure time, whether it's adding extra vacation days to a business trip or working remotely during a vacation. Squaremouth recently polled more than 2,500 travel insurance customers regarding their upcoming travel plans and their experience with blended trips. Nearly Half of Travelers Have Taken a Blended Trip While mixing work with vacation may not be for everyone, almost half of Squaremouth customers confirm that they have experience mixing business with leisure. Over 43% of surveyed travelers revealed that they've taken a blended trip in some capacity in the past. A Quart...
Read MoreWith summer well underway, travelers are experiencing what could be the most expensive summer travel season. Inflation Leads to Record Traveler Spending In a recent survey of over 4,000 travel insurance customers in US, 73% of respondents said that they were more concerned or equally concerned about protecting their trip costs this summer compared to previous years. With more than half of surveyed travelers stating they're having to spend more on travel, Squaremouth reports the highest average trip cost in company history. So far this summer, travelers are spending more than $7,800 on average per trip. The cost of international travel, specifically, is up 25% from last year, leading many travelers to seek out destinations that are more affordable. Most Affordable Summer...
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