New 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...
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