Good news for travel insurance sales

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“Brits to Holiday at Home to Combat Credit Crunch” and “Foreign Breaks Cancelled During Recession” are headline predictions that we’ve all heard being made over recent months. However, one travel insurance company has just released some interesting details from its own research that suggest quite the opposite.

According to American Express, travel insurance sales have remained unaffected throughout the month of December, going completely against the predictions that British holidaymakers, put off by the recession and the fall in the pound against the euro, would opt to stay in the UK for their holidays instead of heading to the sun.

So what’s going on? Well, American Express seems to think that we have not been put off quite as much as has been widely reported. Although travel in the Euro zone has been hit due to the bad exchange rates, foreign travel in general has not been affected at all.

Another reason, according to Chris Rolland, the head of American Express, has been the particularly good snow on offer this ski season which is seeing skiers heading off in their droves to take advantage of the slopes.

However, in the dark economic times that we are living through, perhaps people simply need an escape. With the worst weather to hit Britain in two decades recently affecting the entire country, it is no wonder that people are looking to get out of here to try and find a bit of sunshine. It seems that although we might be living through tough times, there are some things that people are unwilling to forego, and holidays are one of them.


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