The travel industry is expecting a full recovery of international travel in 2023, according to a new report from Travel Agent Central. Experts believe that the public is ready to plan bigger and more expensive trips in 2023, with international travel as the focus for travelers. Key data has found that 90 percent of insured travel booked for 2023 is for international destinations, matching pre-pandemic levels. 

The top destinations, based on cost in 2023 include Antarctica, Israel, Costa Rica, France, Spain and Japan. It’s believed travelers will spend 25 percent more on travel in 2023, however, it was noted that travelers are becoming more budget conscious and are looking for the best deals possible with the most impact. Millennials, in particular, are expected to open their wallets, spending an average of 40 percent more on trips than in 2019. 

Millennials and Gen Z are leading the way in purchasing travel insurance, with 60 percent of travel insurance buyers born before 1980. It’s expected that more than 2 billion will be spent on the service in 2023. 

Travelers are saying goodbye to COVID fears, with the rate of COVID related coverage dropping 2 percent and COVID for any reason dropping 3 percent. Travelers are still preparing for delays and travel challenges, with trip delay coverage being the top draw for insurance purchases. This is due to an increase in airline flight cancellation issues, as a result of the airlines themselves.