Fall travel costs are increasing by more than 30% this year, driving increased interest in travel insurance and more affordable destinations, Squaremouth.com reveals.
ST. PETERSBURG, FLA. – Travelers are bracing for what could be one of the most expensive fall travel seasons ever, with average trip costs up more than 30% compared to last fall. Analyzing traveler spending and survey data from thousands of travel insurance policies purchased for trips this fall, the leading travel insurance marketplace, Squaremouth.comreveals how rising travel costs are affecting traveler behavior.
High travel costs raise concerns among travelers
More than half of travelers surveyed are spending more on travel this fall, with the average cost of a trip rising to $7,600. The average cost of international travel, in particular, increased 38% from last year, to $8,100.
Higher travel costs can also lead to greater financial losses, leading travelers to increasingly question whether they should protect their fall trips with travel insurance. According to Squaremouth.com, 77% of travelers surveyed said they were more or as concerned about protecting their travel costs this fall as in previous years.
Affordable fall destinations are booming
As travel costs continue to rise, Squaremouth data reveals that travelers are actively looking for more affordable destinations this fall. This year, 8 of the top 10 fall destinations have travel costs lower than the overall season average.
Below are the most popular affordable fall destinations this year based on insured travel costs.
Top 10 Affordable Fall Destinations
Methodology: Square mouth The analyses compared sales of travel insurance policies for trips purchased before August 29 with travel dates between September 1 and December 20.
Squaremouth.com and its award-winning customer service team have helped over 3.6 million travelers save time and money finding the best travel insurance policy for their trip. Combined with verified customer reviews and the largest product portfolio, Squaremouth allows travelers to instantly purchase travel insurance from every major provider in the United States. Squaremouth is headquartered in St. Petersburg, Florida, with offices in Fort Wayne, Indiana. Our staff is featured as subject matter experts in national publications including The New York Times, CNN, and USA Today.
Theodore is the co-founder and editor-in-chief of TravelDailyNews Media Network; his responsibilities include business development and planning for TravelDailyNews' long-term opportunities.
