Backpackers' Tastes 'Moving Upmarket'
Many backpackers are planning to spend big on their upcoming travels, Lonely Planet has said.
According to the travel guide publishers, the adventurous travel insurance customers' tastes are "moving…upmarket" - a claim backed by latest figures from travel insurance firm InsureandGo. According to the cover provider, the average UK backpacker currently spends over £3,700 on their trip, including travel insurance, food, entertainment and medical costs. What's more, around 8.3 per cent of the travellers were found to spend over £10,000 on the journey.
InsureandGo also said that backpackers carry around £1,000 work of valuables with them on their holidays, heightening the need to take out a comprehensive travel insurance policy.
Commenting, Tom Hall, travel editor at Lonely Planet, said: "People are recognising the value of saving up a little bit more before they go and one of the old adages of going on a big trip is: 'The more money that you have, the better time that you'll have.'"
He added: "I think that in the past people have been more willing to say, 'That's a little bit out of my price range.' (…) In some cases backpackers' tastes are moving a little bit upmarket and people are prepared to splurge a little bit while they're away."
Compare travel insurance via money.co.uk

Latest Travel Insurance Articles & News
Travel Insurance Articles
The comments were made in the wake of research showing that one in four travellers were not planning to take out the cover.
2 Oct 08The failure of firms such as Zoom highlights a potential underinsurance problem.
25 Sep 08The economic downturn is responsible for this trend, according to the travel insurance provider.
18 Sep 08The insurance industry is not reacting to the threat of terrorist attacks, new figures suggest.
12 Sep 08In many cases, Britons won't be able to go travelling when they retire - because of their lack of savings.
12 Sep 08People are increasingly giving up on taking out travel insurance in order to save money, the firm has claimed.
12 Sep 08Thefts - and travel insurance claims - might result from keeping your gap year cash in your pocket, the firm has warned.
10 Sep 08People are not taking out travel insurance due to its cost - and the fact that they don't think they need it.
12 Aug 08Popular Related Articles
Latest Related Headlines
Other Money Headlines
- 07 Oct UK Banks 'In Talks With Government...
- 07 Oct Academic Warns Card Firms Over...
- 07 Oct Icesave Suspend Access to UK...
- 07 Oct Bank Must Cut Rates, Economists...
- 07 Oct South West England 'A...
- 07 Oct Fraud Fears Strong Among Britons,...
- 07 Oct Brown Calls for Market Reform,...
- 06 Oct Demand for Financial Advice 'On...
- 06 Oct Student Loans 'Not Being Repaid'
