Sep 1, 2021
As the pandemic begins to subside, travel continues to be limited with ever-changing restrictions. Seven Corners pulled relevant data to understand how domestic and international travel is affected by the pandemic, who is currently traveling and where they are visiting.
When reviewing current travel and pre-pandemic travel insurance purchases, there is a definite change, with a 90-per-cent increase in domestic travel in 2021 compared to 2019.
Trends suggest international travel is increasing as travel restrictions are lifted. Looking ahead to 2022, international coverage plans are being insured eight times as often as domestic travel plans.
In the first quarter of 2021, Seven Corners saw only 88 per cent of the travel start dates for the same time period in 2019. This trend remained consistent for the second quarter of 2021, when Seven Corners noted 89 per cent of the travel start dates that were experienced in Q2 of 2019.
However, trends are improving for the third and fourth quarters of 2021. As of mid-July, Seven Corners was already seeing the same number of travel start dates that existed at this point in 2019. Looking ahead to Q4, there are over 30 per cent more travel start dates than the total seen at this point in 2019.
Read about what is expected in the travel industry going forward.