Americans Spending More On Travel Insurance

Americans spent nearly $2.8 billion on all types of travel insurance in 2016, an increase of 19% from the last time spend was analyzed by the U.S. Travel Insurance Association (UStiA), two years ago.

According to the UStiA,  42.6 million people were covered by policies purchased in 2016 through UStiA members. The number of plans sold increased by 28.5%.

Plans including trip cancellation/interruption benefits accounted for more than 87% of the travel protection products purchased in 2016, while medical and medical evacuation benefits accounted for 7.8% of the plans sold. The 2014-2016 Travel Protection Market Study was conducted for UStiA by Willis Towers Watson, an independent actuarial and benefits consulting firm. The study is produced every two years.

  0
  0
TMR Recommendations
Top Stories
Abercrombie & Kent Releases Details of Month-Long 2020 Journey

Founder Geoffrey Kent talks about what inspired him to create the one-of-a-kind luxury private jet adventure.

Luxury Gold Promotes Off-Season Travel to Egypt

The tour operator is offering journeys to Egypt this winter and early spring to allow guests to avoid the crowds and travel in milder temperatures.

Collette Promoting Downton Abbey Mansion Before Movie Release

The tour operator is ready to catch a new wave of interest expected with the release of ‘Downton Abbey: The Movie’ this fall.

Tauck Launches New Train Journey Through Austria, Switzerland and Italy

The nostalgic allure of embarking on an elegant train journey has found its way back into the luxury travel sphere.

Tauck and Ken Burns Present the American West

A collaboration between tour operator and filmmaker produces an enhanced travel experience on ‘Sprit of the Desert’ tour.

All About Tours Ceasing Operations

The wholesaler specializing in travel to Hawaii, Mexico, Southern California, and the South Pacific will close at the end of the year.

News Briefs
Tip of the Day

As travel advisors, we have to be curious. Curiosity leads to impactful connections that pave our road to success. - Jenn Lee, VP of Sales and Marketing, Travel Planners International

Daily Top List

Tips for Reaching $1 Million in Sales

1. Be consistent in your marketing.

2. Create systems and follow them.

3. Use your consortium’s marketing services.

4. Listen for personal details and use them.

5. Leverage your CRM.

Source: TMR

TMR Outlooks
Advertiser's Voice
AmaWaterways - Christmas Markets