Global adventure travel insurance provider World Nomads has recorded its best month’s sales performance since the start of the pandemic with a 49% increase in policy sales in January 2023 compared to 2022. The results show that Brits’ confidence in overseas travel is back, confirmed by its recent brand survey that found 77% of UK travellers said there is nothing stopping them from booking travel in the year ahead.
Jonathan Frankham, General Manager UK and Europe of World Nomads, said:
“Our insights tell us that Brits have well and truly cast the shackles off post-pandemic. With travel having been a point of concern for many in recent years, it’s highly reassuring to see that Brits are feeling more confident in planning their next overseas trip and are also looking to World Nomads to travel smarter and more safely.”
When asked how many trips they plan on taking in the next 12 months, 33% of brand survey respondents said they intended to travel two to three times, while 15% said they would travel more than six. New and adventurous travel experiences were also high on the agenda, with 66% saying they planned to travel to a new destination this year. The primary motivations for travel were ‘relaxation and disconnection’ (31%) and ‘outdoor adventure’ (23%).
LONG HAUL DEMAND
In addition, year-on-year post-pandemic searches for travel insurance policies have also spiked. In January 2023, there was a 73% increase in quotes from UK residents and a 170% increase when European residents were included.
The top three destinations quoted by Brits during January 2023 were Australia, Thailand, and the United States, revealing an appetite for adventure and excitement in long-haul destinations particularly those that were closed to travellers during the pandemic. This is reflected in significant increases for destinations such as Vietnam & Cambodia (1,316%), the Philippines (1,009%), Japan (921%), and Morocco (857%).