Stats: Travel Spending, Insurance Up This Holiday Season

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Photo by Pixabay/Bruno Glätsch

Holiday travel, spending and travel insurance are all on the rise this season, according to a new report from travel insurance comparison site Squaremouth.

According to the report, the United States remains the most popular destination for U.S. travelers this holiday season, while internationally, Mexico and Caribbean countries are the top spots. Israel, however, is on the rise: it’s the fastest-growing holiday travel destination, according to the report, with a 94 percent increase in popularity as compared to last year. 

The top 10 most popular destinations this holiday season are:

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  1. United States
  2. Mexico
  3. Bahamas
  4. Costa Rica
  5. Jamaica
  6. Israel 
  7. UK
  8. France
  9. Puerto Rico
  10. Canada

Spending is likewise up for holiday trips this year. The average trip cost has increased 14 percent across all of the top destinations. Even travelers staying stateside are spending more on their holiday trips this year, as the average trip cost has increased to $4,056. The highest increase in cost is for travelers headed to Costa Rica, where costs have spiked 60 percent. Fast-growing Israel is the most expensive destination overall this holiday season, with an average trip cost of $10,622. 

Travel insurance is also on the rise. More travelers are insuring their holiday trips this year, with a 23 percent increase in travel insurance policies purchased for trips during the Christmas and New Year holidays. Travelers insuring domestic trips specifically increased 38 percent compared to last year. 

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