September 04, 2024

Record Fall Travel Costs Increase Popularity of Budget-Friendly Destinations


Travelers are gearing up for what could be one of the most expensive fall travel seasons to-date, with average trip costs up over 30% compared to last fall.

Analyzing traveler spending and survey data from thousands of travel insurance policies purchased for trips this fall, Squaremouth.com reveals how rising trip costs are affecting traveler behavior.

High Trip Costs Spark Traveler Concerns

More than half of surveyed travelers are spending more on travel this fall, with an average trip cost of $7,600. The average cost of international travel, specifically, has risen to $8,100, up 38% from last year.

Affordable Fall Destinations on the Rise

As the cost of travel continues to rise, Squaremouth's data reveals that travelers are actively seeking out more affordable destinations this fall. This year, 8 out of the top 10 popular fall destinations have trip costs below the overall season average.

Below are the most popular affordable fall destinations this year based on insured trip costs.

Top 10 Affordable Fall Destinations:

Destination Average Trip Cost
Bahamas $3,012
Dominican Republic $3,315
Mexico $3,331
Philippines $3,362
Bermuda $3,859
Aruba $3,880
Jamaica $3,946
Puerto Rico $4,407
Belize $4,496
Costa Rica $4,523


Methodology: Squaremouth analytics compared travel insurance policy sales for trips purchased prior to August 29 with travel dates between September 1 and December 20.


Copyright 2024 Squaremouth. All rights reserved. From https://www.squaremouth.com.

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