The Bahamas remains one of the top destinations for 2023 travel, according to a travel insurance marketplace analysis by travel insurance comparison website Squaremouth, which has logged almost 1,000 bookings for Bahamas travel in 2023 so far.
The insurance engine also contends that international travel will recover next year at a faster pace than this year, despite higher costs for travel, “as travelers shake concerns from the pandemic and plan bigger trips”.
Squaremouth contends that the full recovery of international travel will happen in 2023.
“Nearly 90 percent of insured travel was for international destinations, marking the first time international travel matched pre-pandemic levels,” the analysis states.
“Squaremouth anticipates a high demand for international trips to continue in 2023.”
The Bahamas is in the top five of the top ten destinations being sought for next year, according to the Squaremouth analysis.
It also reveals that the average cost for a Bahamas trip is about $4,000, the lowest cost on the list.
Other top destinations for 2023 include Israel, Costa Rica, France, Spain, Japan, Antarctica, Mexico, Italy and Canada.
“With international travel back, bigger trips to more adventurous destinations will trend in 2023,” the analysis notes.
“Preliminary 2023 trip data shows Antarctica is a top destination for the first time ever.”
Squaremouth adds that travelers will spend at least 25 percent more on travel in 2023. Millennials will feel the price pressure the most, the number of older travelers will return to pre-pandemic levels, and “travelers will worry less about coronavirus, and more about airlines”.
“Due to aviation-related travel disruptions in 2022, trip cancellations and travel delays are becoming bigger concerns for travelers going into 2023,” the analysis states.
“Searches for travel insurance, including COVID-related coverage, dropped by around two percent in 2022, while searches for ‘cancel for any reason’ dropped by nearly three percent from 2021, and almost nine percent compared to 2020. Trip delay coverage had the biggest increase of all searches, due in part to airline flight cancellation issues.”
