Jan 07, 2025 | Aon
A new survey from Aon Affinity, the affinity business of Aon plc (NYSE: AON), reveals key reasons driving Americans to purchase travel insurance. Notably, 41% of Americans who bought coverage did so to avoid losing money if they had to cancel, while 39% cited fears about unexpected issues arising before departure after booking months in advance.
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Oct 25, 2024 | Aon
Luxury travel is no longer just for the ultra-wealthy or older generations. Younger, experience-driven travelers are reshaping the high-end market, prioritizing authenticity and unique experiences over traditional opulence. Case in point: according to research by McKinsey, “35 percent of the luxury-travel market is now composed of travelers with net worths of between $100,000 and $1 million” and “80 percent of the luxury leisure market is in fact made up of people below the age of 60” with spending peaking between the ages of 40 and 60.
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Oct 08, 2024 | Aon
The Department of Transportation’s (DOT) new rule on airline passengers’ rights marked a major change, aimed at strengthening consumer protection and setting clear standards for both the travel industry and travelers. While this action is a step in the right direction, it’s important for travelers not to become overly confident that it covers all their needs.
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Sep 10, 2024 | Aon
“The best laid plans of mice and men often go awry,” according to Scottish poet Robert Burns. And this idiom can certainly be true of vacation plans: they can change in an instant and for a variety of reasons.
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