According to new research by specialist insurer AllClear, on average, people were prepared to spend an extra £1,332 on their holiday, with the main increases in spend being the quality of resort, choice and class of airline and car rental or taxis, rather than using public transport. The MaruBlue survey for AllClear asked a representative sample of 2,021 adults about their travel plans for the year ahead. The survey asked how much more people were prepared to spend on different aspects of their holiday to have peace of mind that they would be safe abroad.
Those with underlying health conditions were, on average, prepared to spend nearly £200 more on their holiday than the national average to ensure their safety (£1,644 vs £1,482). For those with health conditions, their biggest increased spend came on private excursions (£322), in comparison to the additional £124 spent by the average Brit.
Chris Rolland, CEO of AllClear, commented: “We know that many people are still looking to travel in the coming months, and we also know that their priorities have changed. Safety considerations dominate location choices and people are prepared to spend more money to be safe abroad. Within this, people are becoming more discerning on choosing the right travel cover, not the cheapest. In these uncertain times, people are aware of the risks. That’s why at AllClear we have designed a very comprehensive Covid-19 insurance package to help make travel safe again.”
This is good news for travel insurers, as holidaymakers in the UK will likely be looking to buy policies that cover Covid-19-related expenses to stay safe during their travels.