Travel Insurance for US citizens traveling Abroad
Several surveys conducted by government organizations show that the senior citizen (above 65 age group) travelers from America is going to be double in the next 25 years. Currently the above 55 age group is fastest growing segment. The other noticeable development is the Senior citizens spending time online for researching and purchasing travel packages than offline media sources. Internet is the powerful media for American travelers to plan their holiday in a far off country where they have never visited before.
Europe is one of the most popular destinations for American citizens for holiday and the travel industry has grown in every year. Some of the destinations most popular among American tourists are Italy, France, Eastern Europe, Asian countries. Despite the unstable economy and weak dollar, Americans still remain enthusiastic about Europe which indicates a strong growth in travel. The holiday packages and airfares are made much more attractive to woo American citizens traveling to foreign countries and Europe tops the list. After Europe are the Asian countries which attracts a lot of American vacationers.
Apart from the aftermath of 9/11 events (i.e year 2001) the American outbound travel market witnessed a 10% increase. Even with the declining dollar American travel market has maintained a significant stability. There could be a shift in the travel preferences and destinations chosen every year but overall there is a steady growth in the number of travelers visiting foreign countries for their holidays from America. Travel agents and tour operators claim that lot of the US travelers choose to book air tickets and hotel rooms online and utilize their credit card bonus points and gift vouchers. This trend will continue to grow in coming years with more in number of credit card users.