Driven by strong intra-regional travel in the U.S. and Europe, the insurance market for global vacationers is moving higher, according to a report by Research and Markets.
When compared to pre-pandemic levels, the data showed travel in the U.S., Germany, France, Italy and the Netherlands spearheaded the industry’s resurgence, which is expected to reach roughly $49 billion in 2025 and over $86 billion by 2030.
“The tourism sector is expected to see a considerable increase in revenue generation,” Research and Markets said in the report. “People are traveling more after the pandemic as the lockdown and travel restrictions have created enthusiasm in people to go out after being inside for very long.”
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Joe Toppe
Joe Toppe serves as managing editor of PropertyCasualty360.com. Joe is also a father of three, an author, and longtime lover of baseball.
