ST. PETERSBURG,
Fla., June 26, 2024 /PRNewswire/ -- Whether it's
tickets to Taylor Swift's European
Tour or an all-access pass to the Paris 2024 Olympics, more travelers are
booking international trips to ticketed events in 2024,
and travel prices are only going up.
New customer survey data* from Squaremouth, the
nation's leading travel insurance marketplace, reveals top ticketed
event travel trends and shares key travel insurance tips for
protecting your trip investment.
Olympic Games See a Record
Resurgence
Travelers heading to the Paris Olympics are
spending an average of $8,245 on
their trips, up 67% from the previous Olympic Games in Tokyo. These surging trip costs aren't slowing
down travel demand to the Olympics. The number of travelers
insuring trips to the Olympics this year is up over 900% compared
to 2021.
Travelers are Protecting Their Ticket
Costs
Of the travelers taking ticketed event trips this
year, 79% are opting for fully comprehensive policies with
cancellation and medical benefits. Comprehensive travel insurance
policies can reimburse up to 100% of a traveler's trip costs if
they need to cancel their trip for a covered reason, such as a
medical emergency, travel delays, lost luggage, and other common
travel disruptions.
Live Music and Sporting Events Take
Gold
Of the Squaremouth users traveling for international
events this year, 27% are attending concerts and 25% are opting for
an Olympic or sporting event. Only 15% of travelers are interested
in traveling for a theater event or play.
Top Tips for Event Travel in 2024
If
you plan on traveling to a ticketed event in 2024, Squaremouth
recommends the following tips:
- Protect Your Trip Expenses: Comprehensive travel
insurance provides valuable cancellation coverage if you can no
longer take your trip or make your event due to a delayed flight,
inclement weather, or other major travel disruptions.
- Get Overseas Medical Coverage: Many primary
healthcare plans don't offer coverage outside the US. If your event
is abroad, travel medical insurance can provide coverage in
case of an emergency during your trip.
- Stay Organized and Keep All Documentation: In the
event you need to file a claim with your insurance provider,
you will need to provide specific evidence and documentation,
including travel details, ticket receipts, booking confirmations,
and travel supplier communications.
*Squaremouth polled more than 3,500 customers
regarding their upcoming trip to determine the popularity of
ticketed event travel among travelers buying travel insurance. The
survey was sent to all Squaremouth customers between 06/07/2024 and 06/21/2024.
Available Topic Expert: Jenna Hummer is available for comment and
interview. jhummer@squaremouth.com
About
Squaremouth: Squaremouth.com has insured over 3
million travelers. Using Squaremouth's intuitive quoting and
comparison engine, award-winning support team, and verified customer
reviews, travelers can save time and money to find the best travel
insurance policy for their trip.
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SOURCE Squaremouth