?? From Business to Leisure: The Growing Trend of Bleisure Travel

Global Travel Insurance Market News?

?? Bleisure Travel Becomes the New Norm: Statistics and Trends for 2023 and beyond

??Projected Increase In Business And Leisure Trips

• The number of business and leisure travelers in the United States has increased since 2020, with a projected increase in both business and leisure trips in the coming years.
• Around 40% of business trips are bleisure ones, and 48% of Millennials combine business with leisure in their travels.
• Younger workers are more likely to participate in bleisure trips, with 48% of Millennials staying longer in their destination for non-work reasons.

Source: eVisa Express. (2023, February 20). Bleisure travel statistics 2023: Top statistics and trends in bleisure travel

?? 76% of Business Travelers Plan to Take Bleisure Trips in the Next 12 Months

• More business travelers are combining work and leisure travel, with 76% planning to take a bleisure trip in the next year, up from 60% in 2018, according to Expedia's recent study.
• With flexible work becoming more normalized, travelers have the opportunity to take more bleisure trips and extend them for longer periods.
• There is less pressure to return to the office, which may contribute to the growth of bleisure travel.

Source: Expedia.com. (2023). Traveler Value Index 2023 Outlook

?? Industry Breakdown Of Bleisure Travelers

• The majority of bleisure travelers come from the Technology/IT/Software industry, accounting for 24% of all bleisure travelers.
• Among bleisure travelers, 13% come from the manufacturing industry.

Source: Stratos Jet Charters. (2022). 77+ Bleisure Travel Statistics

?? Frequency of Overnight Business Trips Among Bleisure Travelers

• On average, bleisure travelers take around 6 trips per year globally.
• The UK has the highest number of bleisure trips among European countries with an average of 6.5 trips per year.
• The majority of bleisure travelers (36%) make overnight business trips once every 2-3 months.

Source: Stratos Jet Charters. (2022). 77+ Bleisure Travel Statistics

Travel Insurance Partnership Movements?

?? Allianz - Crystal Cruises

Allianz Global Assistance becomes the exclusive travel insurance provider for Crystal Cruises in the US, covering guests onboard Crystal Serenity and Crystal Symphony ships.

Read More

?? ?HL Assurance - YouTrip

HL Assurance partners with Singaporean neobank YouTrip to provide an in-app travel insurance product ahead of anticipated travel surge.

Read More

?? ?AwayCare - Blink Parametric

Following their successful collaboration in Canada, AwayCare and Blink Parametric are now expanding their partnership to the United States, offering innovative travel insurance solutions to American travelers.

Read More

Our New Blog Articles

?? The Trends of Travel Players Travel Insurance Distribution in Singapore

Discover the latest insights on travel insurance distribution in Singapore:

• Airlines and online travel agencies dominate the travel insurance distribution share within the travel players.
• Incentives like discounts, personalized coverage, and bundled perks influence travelers to buy from travel players.
• More travel players are now offering non-travel insurance products in partnership with global insurers.

Read More

?? Singaporean Travelers’ Sentiments Towards Travel Insurance Claims & Assistance In 2023

Find out what Singaporean travelers are expecting for a positive travel insurance claims and assistance experience:

• The level of satisfaction that travelers experience with their travel insurance claims can significantly influence their decision to purchase travel insurance in the future.
• The top three factors for a positive claims experience are a quick and efficient claim process, a clear and easy-to-understand claim process, and timely payment of the claim.
• Travelers provided valuable insights on how the travel insurance claims process can be improved to meet their needs.

Read More

Our New Research?

?? Understanding Consumers' Travel Insurance Needs: USA Market

Our new market research report on “Understanding Consumers' Travel Insurance Needs” for the USA market is now available. This report includes travel insurance research insights based on a survey of 500 travelers.?

What is in the report (70+ pages)

• USA Travelers Habits & Trends in 2023
• Purchase Influencing Factors?
• Preferred Product Benefits And Services
• Travel Players As A Distribution Channel
• Claims & Assistance Expectations

Bonus:

• B2C Global Insurers Website Benchmark & Marketing Tactics (USA & AU Insurers)
• Covid Inclusion And Pricing Benchmark Of Top Insurers in the USA
• Benchmark of airlines & OTAs travel insurance partnerships in the Americas

However, this time round, this report access is not free...?

Contact us to receive a sample of the report and get the pricing details.