US travelers will spend the most this fall

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US travelers will spend the most this fall
Source: Twitter @iflymia
September 16, 2022

The travel insurance company Squaremouth.com reveals that tourists will be spending 35% more than the same season last year due to inflation

Squaremouth experts attribute the higher price to inflation. Earlier this year, more than half of Squaremouth customers said they were spending more on travel due to the rising cost of travel, attributing the increase to inflation and gas prices, rather than intentionally spending more. .

While pent-up demand could be a factor, there was little change between pre- and post-pandemic spending. In fact, travelers spent less on fall travel in 2021 compared to 2019.

Fall Travel Expenses by the Numbers

Fall 2022 Travel Expense Data:
Average trip cost: $9,796.36
% change from 2021: 35%
% change from 2019: 26%

Fall 2021 Travel Expense Data:
Average trip cost: $7,257.66
% change from 2019: -6.5%

Fall 2019 Travel Expense Data:
Average trip cost: $7,758.14

Spending by top 10 destinations

Of the top international destinations this fall, Squaremouth reports that the most expensive trips are to Greece, while the cost of traveling to Israel has risen the most year-over-year.

This season, the average cost of a trip to Israel is 190% higher than last year. Of the top destinations, Canada had the second-highest jump with a 162% increase from fall 2021.

Average travel cost for top 10 international destinations

Italy - $6,848.90
Mexico - $3,379.17
Spain - $5,551.10
Israel - France - $6,195.85
Bahamas - $3,160.81
Portugal - $5,079.15
Greece - $7,328.47
Canada - $5,771.65
Germany - $5,881.93

Methodology: Squaremouth Analytics compared sales of travel insurance policies for insured trips between September 22 and December 21, 2022, 2021, and 2019.


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