Friday, January 12, 2024
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Global Cruise industry boom ahead in 2024! Squaremouth data predicts record sales, with essential tips for travelers to navigate this wave season.
As we enter the peak period for cruise bookings, the global cruise industry is gearing up for what could be its most successful year ever on the open waters. This exciting upswing has been developing over the last three years. Current data from Squaremouth, a top player in the travel insurance market, indicates that 2024 could see the global cruise industry making significant strides, surpassing previous records.
Revival of the Cruise Market
Since the resumption of cruise travel in 2021, Squaremouth has observed an extraordinary expansion in this sector.
In the previous year, there was a notable surge in the purchase of cruise insurance policies, with a greater number of customers opting for plans featuring the ‘Cruise’ option than in any other year of the company’s two-decade history. Squaremouth recorded a 29% rise in cruise-related sales compared to 2022, and an impressive 200% increase from 2021.
The company anticipates this upward trend will persist into 2024. A recent survey showed that 26% of its customers plan to embark on a cruise for their next vacation, a significant increase from 20% in early 2023.
Essential Advice for 2024 Cruise Enthusiasts
For those planning to join a cruise in 2024, Squaremouth offers these key suggestions:
- Seize Wave Season Deals: With travel expenses continuously climbing, wave season provides a window for exclusive cruise deals over the coming months.
- Safeguard Your Cruise Investment: Insurance for cruises can safeguard you against various issues, such as missing your ship’s departure due to a flight delay or itinerary changes due to bad weather, ensuring both peace of mind and financial security.
- Ensure Medical Coverage Abroad: Many primary health insurance plans do not cover international incidents. Travel insurance can offer Emergency Medical and Medical Evacuation benefits should an emergency arise during your cruise.
- Keep Everything in Order: In case you need to file an insurance claim, be prepared with all necessary documents, such as travel specifics, receipts, booking confirmations, and communications with your travel provider.
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