New travel data shows demand for holiday travel to Europe is growing due to the strong exchange rate of the US currency.
According to the Allianz Partners USA 2022 European Holiday Destination Index, London remains the most popular city this holiday season, with a 20% increase in demand since 2019.
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Paris climbed 13% to rank second for the holiday season from November 23rd to January 5th. Madrid, on the other hand, rose by 3% on him, moving him up from fifth place in the overall 2019 index to round out the top three.
Rome and Amsterdam finished 4th and 5th respectively.
Daniel Durazo, director of external communications at Allianz, said: “Inflation has sent prices skyrocketing in almost everything, but travelers are also finding the dollar soaring in value, parity with the euro and the pound, pushing up holiday budgets. I have,” he said.
“Still, most of us can’t afford to lose what we’ve invested in for those big vacation trips, so travel insurance is the best gift to add to your holiday shopping list,” Durazo continued. “Protecting your prepaid travel investment against unforeseen events such as travel cancellations or interruptions, travel delays, baggage issues and even medical emergencies can provide peace of mind.”
The cities with the biggest increase compared to 2019 were Lisbon with a 173% increase, Stockholm with a 160% increase, Athens with a 154% increase and Copenhagen with a 144% increase.
Allianz Partners provides travel insurance directly to consumers through most major US airlines, major travel agents, online travel agencies, hotel companies and cruise lines.
Last week, Allianz Global Assistance won two Gold Travvy Awards for both Best Overall Travel Insurance Provider and Best Customer Service among Travel Insurance Providers for the seventh consecutive year in 2022.
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