Latest news with #Squaremouth
Yahoo
3 days ago
- Yahoo
Turbulence Ahead: Travel Anxiety Soars, Especially Among Younger Generations
ST. PETERSBURG, Fla., June 10, 2025 /PRNewswire/ -- As summer travel ramps up, new findings from Squaremouth, the nation's largest travel insurance comparison service, reveal that flight anxiety and concerns over airline disruptions are top of mind for U.S. travelers. Squaremouth surveyed more than 2,600 customers to better understand traveler sentiment toward the aviation industry amid staffing shortages, air traffic issues, and recent airline incidents. Half of Summer Travelers Brace For Flight Delays and Disruptions Nearly half (47%) of travelers surveyed expect flight delays and disruptions to be worse this year than in years past, signaling growing concern ahead of the busy summer season. This concern comes at a time when more Americans are opting to stay closer to home and are taking shorter flights for their summer destinations. Of travelers taking summer trips, 31% said they bought travel insurance specifically because they're concerned about flight disruptions or accidents, and 25% even said their travel plans were directly influenced by recent airline incidents and technical outages. "Travelers are packing their patience this summer as they take to the skies. While they're still taking their vacations, they're doing so differently than in years past, as they opt for closer destinations and prioritize travel insurance to protect against potential issues like delays and cancellations," said Ned Tadic, Manager of Public Relations at Squaremouth. Gen Z and Millennials Are More Anxious About Flying Than Older Generations The data reveals a clear and surprising generational divide in traveler anxiety, with younger travelers expressing higher levels of concern than their older counterparts. 35% of travelers under 40 say their plans were directly influenced by recent aviation issues, compared to just 23% of those over 40 34% of travelers under 40 report feeling more anxious about flying this summer, compared to 30% of those over 40 37% of younger travelers purchased travel insurance because of flight disruption concerns, versus 30% of those over 40 Methodology: Squaremouth polled more than 2,600 customers to gauge their sentiment on the aviation industry. The survey was sent to all Squaremouth customers between 5/16/25 and 5/23/25. About Squaremouth Squaremouth is a trusted name in the travel insurance industry offering comprehensive, transparent, and competitive coverage to travelers for 20 years through its digital platform. With the largest portfolio of travel insurance carriers and products in the U.S., Squaremouth has insured over 4 million clients. Media Contact Ned Tadic ntadic@ View original content to download multimedia: SOURCE Squaremouth
Yahoo
02-06-2025
- Business
- Yahoo
How to save for a vacation
School is out and summer is here. This is the time when many American families look to take a vacation. In the video above, Yahoo Finance Personal Finance Editor Casey Bond shares some ways families can save up for the big trip. To watch more expert insights and analysis on the latest market action, check out more Wealth here. School is about to be out for the summer and many families are hitting the road and skies for vacation. The average cost of a trip in 2025 projected to be over $7,000, a 24% jump from 2024, according to insurance firm Squaremouth. So, if you're planning a family vacation in the near future, it's important to have a solid saving strategy here with more Yahoo Finance personal finance editor for banking Casey Bond. Casey, we got to know, is there any special way that people can save for family trips? Well, some families might want to consider a vacation savings account. Um, this is a special type of account that's offered by smaller banks and credit unions typically, and they incentivize people to save for the specific goal of a vacation. Um, you can automate your contributions throughout the year, and then typically in the spring or fall those funds are released and you can use them on expenses like hotels, flights and things like that. Okay, so that's the vacation savings account defined. What are some of the pros and cons of vacation savings accounts? So, the biggest benefit is that it really encourages account holders to focus on this specific goal. Um, often there are incentives like low fees or higher interest rates, um, and you really contribute toward a specific goal so that it doesn't get muddled with your other expenses or other saving goals. Um, one of the biggest cons is that compared to maybe a traditional high-yield savings account, the interest rates aren't as competitive, and you may have limited access to that money. Um, you may not be able to pull it out without incurring a fee until you reach that specific date. So, what are the tips that you've been able to round up, the best ways that people can save the money for their next vacation? Sure, um, some things to consider, automating those contributions really helps, it helps you stay consistent. Um, taking advantage of credit card rewards, if you do use a credit card in addition to a savings account, sometimes those rewards can help you save a lot of money. Um, some banks also offer bonuses to new customers. So, you may want to consider a bank that's also offering a sign up bonus. And then as far as budgeting for this vacation, it really helps to calculate how much it's going to cost you in total and then divide that by the number of months you have to save and kind of back out the math that way. And then you know exactly how much you should be saving on a consistent basis to ultimately hit your goal. Casey, thanks so much. Thank you. Sign in to access your portfolio
Business Upturn
09-05-2025
- Business Upturn
Cascading Flight Delays and Disruptions Trouble Travelers Ahead of Memorial Day Rush
By GlobeNewswire Published on May 9, 2025, 16:19 IST ST. PETERSBURG, Fl, May 09, 2025 (GLOBE NEWSWIRE) — Flight delays and disruptions have reached an all-time high due to major disturbances in the aviation industry. In the past year alone, widespread technology failures, airline staffing shortages, and air traffic control issues have disrupted more travelers than ever before. Now, heading into Memorial Day and the busy summer travel season, travelers are facing even more potential for delays. REAL ID requirements have sparked confusion and have triggered even longer lines at airports. TSA is now warning that some passengers should arrive at the airport three hours before their flights. Additionally, the meltdown this week at Newark Liberty International Airport, an important hub for both United Airlines and European airline routes, has forced United to cancel 10% of Newark flights, impacting thousands of travelers. Problems are expected to persist with the continued closure of one of the airport's runways. Squaremouth, the nation's largest travel insurance comparison service , reports that flight delays and disruptions are the number one concern for travelers. Nearly Half of Memorial Day Travelers Are Bracing for Flight Disruptions 48% of Memorial Day travelers this year say their flight being delayed or cancelled is their number one travel concern, according to a recent report from Squaremouth. For comparison, only 36% of travelers cited a flight delay or cancellation as their biggest concern prior to the spike in travel disruptions that started last summer. Searches Surge 55% for Delay-Related Travel Insurance Coverage Amid these growing concerns over flight disruptions, travelers this Memorial Day are increasingly seeking ways to prevent delays from ruining their trips and costing them money. Squaremouth recorded a 55% year-over-year increase in the number of travelers searching for delay-related coverage for their trips this Memorial Day. Tips for Finding the Best Travel Delay Coverage If your trip is significantly delayed due to reasons outside of your control, Travel Delay insurance can cover costs like meals, hotel stays, and transportation. Most plans include Travel Delay coverage, but key differences can have a major impact on your experience. To get the most flexibility out of your Travel Delay insurance, look for a policy that: Kicks in after flight delays of 3 hours Accounts for any delay of a common carrier Covers missed connections after 3 hours Methodology: Squaremouth polled more than 2,000 customers regarding Memorial Day travel plans to determine the current trends among travelers buying travel insurance. The survey was sent to all Squaremouth customers between 5/1/2025 and 5/7/2025. About Squaremouth Squaremouth is a trusted name in the travel insurance industry offering comprehensive, transparent, and competitive coverage to travelers for 20 years through its digital platform. With the largest portfolio of travel insurance carriers and products in the U.S., Squaremouth has insured over 4 million clients. Media ContactNed Tadic [email protected] Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe.
Yahoo
24-04-2025
- Yahoo
5 Money Moves To Prepare Your Finances for Summer Travel Season
According to Squaremouth, a travel insurance comparison service, the average cost of a summer trip, especially to Europe, is expected to increase by 38% this year to $10,346.1 Instead of scrambling to reduce costs while traveling or dipping too deeply into savings, some financial prep now can allow travelers to enjoy the summer travel season without regret. Here are five money moves to prepare your finances for the summer travel season. Read Next: Check Out: It helps to define what matters most during one's summer travel plans before allocating money or making travel decisions. 'Before you book anything, ask yourself what you want from this trip,' said Stoy Hall, CEO and founder of the financial planning firm Black Mammoth.2 'Is it relaxation, family bonding, exploration, self-reflection? That answer drives your budget and priorities.' Hall explained, 'You don't need a five-star hotel to make memories. You need presence, peace of mind and maybe a little paella.' Once travelers set an intention, they should brainstorm their top three desired experiences for the trip. 'Not destinations or things to buy, but emotions or outcomes,' Hall said. 'Then allocate your budget toward those. Want more quality time with your kids? Spend on a spacious Airbnb, not theme park merch. Want cultural immersion? Skip the resort. Book a cooking class or local guide.' See More: Before summer travel begins, it's important to establish a clear spending framework that outlines how much will be used and when. A defined pre-trip budget helps maintain financial control, prevent overspending and preserve a post-vacation savings buffer. 'Evaluate your finances and make sure that going on a vacation is the right move for you at this point in time and how much you have to allocate toward the trip,' said Adem Selita, co-founder of The Debt Relief Company.3 Selita explained, 'Set a realistic budget by accounting for almost everything you'll do throughout the course of the trip. Although it's next to impossible to account for everything, we can at least try to estimate how much money we'll spend on food and daytime activities.' Relocating funds with intention can ease the strain of higher seasonal summer expenses. Whether it's setting aside money regularly or shifting money from discretionary, a proactive approach helps ensure that resources are available for summer travel. For example, Isheeta Borkar, co-owner and author of Travelicious Couple,4 recommended establishing a dedicated, high-yield savings account dedicated for travel. 'Automate small weekly transfers (even $25 or $50) a few months in advance,' Borkar said. 'You'll be surprised how fast it adds up.' Travelers should look to their current subscriptions and discretionary spending as places to reallocate or save money. 'Pausing a few unused memberships or cutting back on takeout for a month can reallocate hundreds toward your trip,' Borkar said. Payment methods can shape spending habits and post-trip financial health. When using travel rewards cards, the goal is to stay in control — prioritizing value, minimizing risk and avoiding spending beyond set limits. 'Travel rewards credit cards offer a lot of great perks that make travel less expensive,' said Jeremy Murchland, president and CEO at Seven Corners Travel Insurance.5 'Before you open one and perhaps pay an annual fee, make sure it's really worth it.' Prospective summer travelers should also research travel rewards credit cards and evaluate whether the offered perks will be used often enough to justify the fees. 'Figure out if you can completely pay off your balance each month,' Murchland said. 'The interest you'll pay is likely more than you'll ever save in rewards if you carry debt, and you'll end up spending more in the long run.' Small streams of passive income can help offset seasonal expenses without tapping into long-term savings. From cash-back apps to rental income or interest-earning accounts, even modest returns can provide a helpful financial buffer during high-spend months. 'For example, some people have a stream of passive income that they use solely to pay for traveling and other 'fun' things,' said Adam Hamilton, CEO of REI Hub.6 'Maybe you have a finished basement that could be turned into a short-term rental that generates a lot money for you, and those funds could help you afford your summer travel spending.' Sources Squaremouth, 'Budget-Friendly European Destinations Take the Spotlight as Summer Trip Costs Climb 38%.' (April 15, 2025) ︎ Black Mammoth ︎ The Debt Relief Company ︎ Travelicious Couple ︎ Seven Corners Travel Insurance ︎ REI Hub ︎ More From GOBankingRates 6 Used Luxury SUVs That Are a Good Investment for Retirees 4 Affordable Car Brands You Won't Regret Buying in 2025 7 Overpriced Grocery Items Frugal People Should Quit Buying in 2025 12 SUVs With the Most Reliable Engines This article originally appeared on 5 Money Moves To Prepare Your Finances for Summer Travel Season Sign in to access your portfolio
Yahoo
28-03-2025
- Yahoo
Coolcations Experience Significant Surge in Summer 2025 Travel Popularity
ST. PETERSBURG, Fla., March 28, 2025 (GLOBE NEWSWIRE) -- Squaremouth, the nation's top travel insurance comparison service, has announced that coolcations are experiencing significant increases in popularity this summer travel season. Travelers are planning to flock to destinations like Iceland, Norway, Canada, Scotland, and Ireland in increasing numbers. These coolcations are drawing travelers away from traditional European hotspots like Italy, France, and Spain, as they seek cooler climates for outdoor adventures this summer. Country Growth in Popularity YoY Iceland 30%+ Norway 27%+ Canada 25%+ Scotland 21%+ Ireland 17%+ Iceland emerged as the top performer in popularity, boasting a 30% year-over-year increase. With more affordable flights from the East Coast of the U.S. to Iceland, it has become a convenient travel destination. Norway followed closely with a 27% rise in travel insurance sales compared to last summer. Renowned for its 'right to roam' policy, which grants unrestricted access to its stunning mountains, fjords, and coastlines, Norway remains a favored destination for those seeking adventure and natural beauty. Both Canada and Scotland also saw notable growth, with Canada experiencing a 25% uptick from last year and Scotland growing by 21%. Ireland rounds out the five fastest-growing coolcations, and has become one of the top 10 most popular destinations for Squaremouth travelers, rising from #12 last year. 'With an increasing number of travelers seeking unique coolcation experiences this summer, the demand for travel insurance is growing as well. Whether you're exploring outdoor adventures or immersing yourself in local traditions, travel insurance provides peace of mind for increasingly expensive trips, ensuring your summer getaway remains as stress-free as possible,' said Ned Tadic, Manager of Public Relations at Squaremouth. Essential Travel Insurance Coverage for a Worry-Free Coolcation Adventure Travelers heading to these countries and other global destinations should opt for comprehensive travel insurance plans to protect their investments and offer peace of mind. Look for plans that include the following benefits: Trip Cancellation: Protects your prepaid, non-refundable trip costs if you are forced to cancel or interrupt your trip. Medical Coverage: Provides reimbursement for unexpected medical expenses incurred while traveling. Travel Delay: Reimburses additional expenses incurred due to significant trip delays outside of your control. Luggage Protection: Offers coverage for belongings that get lost, stolen, damaged, or delayed during a covered trip. Hurricane & Weather: Offers reimbursement in the event a traveler must cancel or interrupt their trip due to inclement weather. For those embarking on active adventures, it's essential to ensure your travel plan includes specialty coverage. If you're planning to hike volcanoes in Iceland or ski in the Norwegian Alps, look into plans that are built specifically for adventure travelers. Available Topic Expert: Ned Tadic is available for comment and CONTACT: Ned Tadic Squaremouth 7739367873 ntadic@ in to access your portfolio
