Travel Prices After Pandemic | Travel Insurance Post Covid19
Insurance | Travel Insurance
by Priyadarshini
8 November 2021
Traveling after COVID-19 will almost certainly be more expensive than ever before, due to the multiple vaccinated travel lanes, airline websites crashing in the midst of high demand, and skyrocketing energy prices. The question is, how much more will it cost? In this blog, we talk about travel prices after pandemic.
What Makes Your Travel Expensive?
The majority of your travel expenses are made up of four components:
Flight prices
The expense of lodging
The cost of travel insurance
PCR examinations
And the most important item is travel insurance.
“What? Nobody gives a damn about travel insurance!”
Travel Insurance
But here’s why you should care: it covers airfare and hotel cancellations if you get COVID-19 *before* your trip. Of course, there is a cost to this, which we will discuss later. After all, you’d need to go to your destination first, right? How are you going to go there without first purchasing an airline ticket?
Travel Prices After Pandemic
Flights are undoubtedly the most exciting item to book when planning your trip. Finding a great deal on a ticket is probably just as exciting as getting back into your seat right before takeoff. Hopefully, the rise in flight prices does not diminish the thrill.
With the current Vaccinated Travel Lane (VTL) arrangements, booking flights after COVID-19 has become more difficult. You must check the flight numbers of your return flights to avoid quarantine procedures when you arrive in Singapore.
What about the cost of lodging? Have they raised their prices as well?
When it comes to examining pricing history, there is another rabbit hole that appears to be riddled with infinite dead ends. For example, airplane price histories. Many travel aggregators have destroyed or changed their old price pages. Because of the COVID-19 regulations, the hotel and lodging industry has seen a downturn. And there are decreased occupancy rates and average daily prices.
Hotels, unlike airlines, are socially isolating because you book one room, as opposed to one seat in a shared room on a flight. This means that it is in hoteliers’ best interests to fill as many rooms as possible, resulting in cheaper costs.
Travel insurance would have to be more expensive as well, right?
And you’d be correct! While it’s nearly impossible to get historical travel insurance statistics, most post-COVID-19 travel insurance policies include coverage for the bug as an add-on. It’s a no-brainer to include it in your coverage because contracting COVID-19 before your vacation might drastically disrupt everything you’ve meticulously planned. Also, you may increase your travel prices after pandemic if you don’t have an insurance coverage.
FWD is the most comprehensive travel insurance company available. This is due to the fact that they give coverage before, during, and after your journey. Other suppliers simply cover you before and during your travel.
