The average American plans to spend that much on travel this summer

Image source: Getty Images

It is always high.

Main points

• Americans plan to spend nearly $ 200 billion this winter, the highest rate ever recorded.
• The average family is expected to spend $ 2,644 on vacation this summer, 24% to 81% higher than their European counterparts.
• Because CVD-19 is still contagious, getting extra coverage on your travel insurance can help protect you from the financial consequences of illness and isolation.

The trip has not only returned to the pre-epidemic stages, but Americans are spending more on summer travel than ever before. According to Allianz Partners USA, the 14th Annual Holiday Index, Americans plan to spend nearly $ 200 billion on their summer vacation this year, up 91 percent from the pre-epidemic.

High inflation and demand have increased.

Due to 40 years of high inflation and demand for covariate restrictions, Americans plan to spend more holidays this year than ever before. Prior to the outbreak, Americans planned to spend $ 194 billion this summer, a 229 percent increase by 2020 and 91 percent by 2019.

The average American plans to spend $ 2,644 on vacation this summer, an increase of 25% by 2021, a 40% increase by 2020 and a 30% increase in pre-epidemic 2019 levels. A special study by Allianz found that Americans plan to spend 24 to 81 percent more than their European counterparts.

Adding Covidy-19 coverage to Travel Insurance

Getting the right travel insurance for many Americans planning to travel will protect you from a variety of travel risks. Many travel insurance companies are now providing additional coverage for their policies. Although some travel credit cards offer a limited amount of travel insurance, they are usually not enough to cover all the conditions.

Some of the benefits of getting extra Covidy-19 coverage for your travel insurance policies include:

• If you become ill with it after the policy is in effect and you need to leave or need other emergency care, your travel insurance may be covered.
• If your trip is canceled due to Covider-19, insurance will cover any travel cancellations.
• If you have symptoms and are prescribed by a doctor, some policies cover the cost of testing.
• Some policies also cover quarantine costs for Covider-19.

Although the epidemic is not over, most restrictions have been lifted, and Americans are spending more on vacation this summer. With increasing costs, it may be easier to go beyond your budget. Shopping for the best price can save you a lot of travel expenses.