New knowledge from journey insurance coverage market squaremouth.com has discovered that vacationers aged sixty and up are returning to journey in 2023, with the variety of vacationers on this age class rising by 125 p.c from 2020.
These vacationers comprise the biggest age group of vacationers buying journey insurance coverage this yr, one thing that hasn’t been seen since earlier than the pandemic started.
Between December 1, 2019 and January 31, 2020, vacationers over sixty made up 46.32 p.c of all vacationers buying journey insurance coverage; throughout the identical interval in 2021, that quantity fell to simply below 17 p.c; and main into 2022, that quantity rose to simply below 22 p.c.
In keeping with insurance coverage coverage search knowledge, vacationers over the age of sixty are predominantly nervous about contracting COVID-19 whereas touring – 31 p.c of those vacationers are involved about it, over and above some other age group (although it needs to be famous that the very best concern of any age group nonetheless stays contracting COVID-19).
Different considerations embrace emergency medical (17.38 p.c); medical evacuation (13.96 p.c); journey interruptions (13.83 p.c); and cancel for any cause protection (11.68 p.c).
“This time final yr, the nation was coping with an Omicron outbreak which led extra susceptible demographics to remain house and keep away from journey. As these fears have subsided, we have seen a 34% year-over-year enhance in vacationers aged 60+ e-book journeys and buy insurance coverage,” mentioned James Clark, Content material Specialist, Squaremouth.
“Thus far this yr, we have witnessed senior vacationers reclaim their standing as the largest purchasers of traveler insurance coverage for the primary time because the pandemic hit in 2020,” Clark continued. “At the moment, our knowledge reveals a 134% enhance in senior vacationers in comparison with 2019. This reveals us that journey insurance coverage, particularly medical protection, will proceed to be a invaluable funding for seniors as they resume their regular journey conduct.”
