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Pay no attention to the chaos at the airports; the post-pandemic travel revival will continue into 2023, according to a travel insurer analyzing plans for the year.
Carmel, Indiana-based Seven Corners Travel Insurance on Thursday released its analysis of travel insurance sold in 2022 for trips being taken in 2023. To forecast the state of travel, the company then compared that to travel insurance sold in 2021 for trips scheduled for 2022. Data from this comparison showed that more travelers have already purchased travel insurance for trips in 2023, which the company says demonstrates “not only a desire to travel, but also greater confidence in their ability to do so.”
Travel insurance sales for those with a departure date in the first half of 2023 are up 20.7%, compared with customers who purchased insurance in 2021 for trips in the first half of 2022. And the number of Seven Corners customers with trips planned for May 2023 nearly doubled compared with those who purchased travel insurance in 2021 for trips in May 2022.
As for top destinations, Seven Corners found that the most popular destination is Mexico, with Italy, the United Kingdom, and France rounding out the top four locations. These are the same most popular destinations as a year ago, although France and the U.K. flip-flopped in ranking from one year to the next.