Madrid, April 13, 2023.

After a record Holy Week in terms of tourism and travel, experts from Allianz Partners analyze the results of taking out travel insurance to find out the trends of the Spanish traveler, once the vacation rhythm prior to the pandemic has resumed

Easter Week traditionally represents a very important date in the Spanish holiday calendar, assuming an economic injection for the tourism sector. After the years of pandemic, Easter 2023 has far exceeded the expectations of the entire sector, leaving behind figures that have not been seen since 2019. According to information published by Hosteltur, hotel occupancy in the country exceeded the 80% and in destinations such as the Canary Islands, Malaga or Toledo, it reached 100%. According to the Allianz Partners experts, many Spaniards have opted for international destinations, which are growing compared to last year. In addition to European cities, countries like Egypt, Turkey, the Caribbean or the United States; Together with the Asian countries, they show a clear upward trend that has been reiterating since the end of the pandemic. Compared to previous years, travelers seek to play a more active role in the preparation of their trip, organizing them in advance, demanding more information and having more control over the cost of the trip. In this sense, and focused on two key trends in the sector of Travel: flexibility and adaptability, Allianz Partners has analyzed the data reflected in the contracting of its different travel insurance in the first quarter of 2023, revealing that, compared to the same period last year, there has been an increase 50% This data shows that there is greater awareness among people to travel safely, with protection against unforeseen events during the trip. In addition, now they also attend to the type of trip they are going to make in order to choose the most convenient and appropriate option. In this context, the entity highlights the strong growth of vacation insurance, suitable for couples and families, whose contracting has exceeded 64 % compared to the first quarter of 2022. Another of the most contracted products in this period has been assistance insurance for students and globetrotters. Both products designed for long-term trips present a very positive evolution with more than 130% and 40% increase respectively. These figures would confirm the recovery of study trips and the reactivation of adventure trips. Finally, according to data from Allianz Partners, the cancellation product continues to be one of the most demanded among travelers, reflecting that in situations of economic uncertainty and in those where there is greater anticipation of reservations, the need to protect the investment prevails against the possibility of sudden events that could put the trip at risk.

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