“It is clear that people are feeling more comfortable traveling abroad and are ready to take the international trips they have had to delay over the last couple of years,” said IMG Chief Commercial Officer, Amanda Winkle. “At IMG, we’re well positioned to meet this rising demand for international travel with industry-leading insurance products that protect travelers from the unexpected.”
Travel Outlook Survey Findings:
Travelers feel more comfortable traveling abroad in 2022 than they did in 2021
- 59% of respondents feel more comfortable traveling internationally in 2022 }
- 32% feel just as comfortable traveling internationally as they did in 2021 - 71% of respondents plan to travel internationally before October 2022
- In 2021, 49% of respondents planned to travel internationally before October
Whether overseas or in their home country, travelers are ready to take multiple trips throughout 2022
- 38% of respondents plan to travel internationally 3+ times in 2022
- 141% increase compared to 2021 - Of domestic travelers, 52% plan to travel domestically 3+ times in 2022
- 18% increase compared to 2021
Travelers want to protect themselves and their trip expenses while traveling in 2022
- 53% of respondents are more likely to purchase a travel protection/travel medical plan due to the risks, concerns, and impacts of COVID-19
- 43% are just as likely to purchase a plan as they were before the onset of the pandemic - Benefits travelers consider most important in an insurance plan prior to traveling:
- #1 Medical insurance benefits
- #2 Trip cancellation/interruption benefits
- #3 CFAR/IFAR benefits
“COVID-19 has focused everyone’s mind on travel and health safety and the fact that they can become ill or injured while they are traveling or before they plan to travel, resulting in a need to cancel their trip,” said IMG Chief Medical Officer, Dr. Geoff Tothill. “Traveling is still such a joy, but now many people are understanding that when they travel, they really need to be properly protected with the appropriate insurance coverage.”
While travelers are ready to get out and sightsee around the world, the top 5 countries respondents plan to travel to next include:
- Mexico
- Canada
- France
- Italy
- Portugal
“After being stuck at home for the last few years, we are seeing people take more extravagant or once-in-a-lifetime trips as they get back to traveling internationally,” said IMG President and CEO, Steve Paraboschi. “As people invest more in their travels, they want robust insurance policies to protect all aspects of their trip, and IMG is here to provide such travel and health safety solutions.”
