Younger Demographics Show Highest Ever Interest in Travel Insurance
- Baby Boomers no longer the leading travel insurance market
- Trip cost and spending continue to drop from 2020
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ST. PETERSBURG, Fla., April 29, 2021 /PRNewswire/
Squaremouth reports that Millennials and Gen Z travelers are showing more interest in travel insurance than ever before. Covid-19 has changed almost every aspect of the travel industry, leading to a significant shift in who is traveling amid the pandemic and buying travel insurance.
Squaremouth.com hosts the largest number of travel insurance providers and policies that offer coverage related to the Covid-19 pandemic. Squaremouth Analytics has compared thousands of travel insurance policies purchased pre-and-post-pandemic to identify changes and trends in travel insurance, revealing how both consumers and travel insurance providers are responding to the impact of Covid-19. The key trends are: