ST. PETERSBURG, Fla., Feb. 19, 2021 /PRNewswire/ — In the first two months since the Covid-19 vaccine rollout began, travel insurance aggregator, Squaremouth, says the impact on traveler trends can already be seen.
At the onset of the pandemic, Squaremouth reported an almost immediate drop-off in senior-aged travelers. The company noted their average traveler age dropped from 50+ to 38 years old.
In the two months following the initial vaccine efforts, Squaremouth says they are already seeing senior travelers bounce back.
“Early on in the pandemic and prior to the vaccine, we saw younger travelers comprising a larger market share, as the percentage of senior travelers dropped,” says Squaremouth Lead Data Analyst, Steven Benna. “Now, our data shows the traveler market is beginning to shift back to what it was before.”
Rebound in Travel for Seniors
Amid the rollout of the vaccine, Squaremouth reports an increase in the percentage of travelers in every age group over 60. During that same span, the percentage of travelers in each age group under 60 has respectively decreased, marking a significant shift from earlier in the pandemic.
Travelers Buying Insurance Earlier
As senior travelers are regaining their willingness to travel, Squaremouth notes a trend in travelers planning further ahead.
The average traveler is buying their travel insurance policy 74 days before they depart for their trip. Prior to the vaccine, travelers were buying their policies an average of 42 days ahead of time.
Squaremouth maintains a large portfolio of travel insurance products that offer coverage related to the Covid-19 pandemic, including cancellation and emergency medical benefits for contracting the virus, and Cancel For Any Reason coverage. Travelers can search for policies that include Covid-19-related coverage, including Cancel for Any Reason, here.
Methodology: 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.
Squaremouth compares travel insurance policies from every major travel insurance provider in the United States. Using Squaremouth’s comparison engine and third-party customer reviews, travelers can research and compare travel insurance policies side-by-side. More information can be found at www.squaremouth.com.
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