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Most Expensive Travel Destinations

Most Expensive Travel Destinations Revealed

In preparation for the holiday travel season, travel insurance comparison site Squaremouth.com analyzed data from thousands of holiday travelers to identify four trends indicating a new era of travel. Most Expensive Travel Destinations 

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Trips to Africa, Antarctica, and the islands of Oceania cost the most. This year, travelers spent 44% more on trips to these 25 destinations compared to any other country.

Winter Vacations are Getting Longer and More Expensive

After two winters marred by travel precautions, Americans are more excited to spend the holidays on vacation.

  • Holiday season trips are averaging around two weeks in length.
  • The average trip cost is around $6,784 – 57% higher than the average trip cost as of Fall 2022 and 28% higher than the Summer 2022 average.

Sunny Destinations Remain Popular in Winter

Although trips to the Caribbean dropped in the Summer of 2022, travelers are once again opting for warmer weather destinations in the winter months.

Mexico, The Bahamas, Costa Rica, and the Dominican Republic are among the top insured trips this holiday season, comprising a combined total of one in five insured trips (21.11%).

Top 10 Winter 2022 Destinations

Country
Percent of Sales
Average Trip Cost
Average Trip Length in Days
United States
13.82%
$5,164
8
Mexico
12.07%
$4,232
8
Bahamas
4.00%
$3,380
7
Israel
3.27%
$6,548
12
Germany
2.87%
$5,297
12
Antarctica
2.63%
$17,976
17
Costa Rica
2.54%
$6,807
10
Dominican Republic
2.50%
$4,633
8
France
2.41%
$5,492
12
Italy
1.92%
$5,675
13

For the second consecutive year, nearly half of the most expensive trips were to African nations. Congo, Botswana, Zimbabwe, Tanzania, and Kenya were the five most expensive African countries to visit.

Antarctica Becomes Top Destination for the First Time

For the first time ever, Antarctica is becoming a must-see winter destination for travelers.

  • Antarctica is the seventh most popular destination, accounting for 2.63% of total sales
  • Over the same period across the last decade, winter trips to Antarctica have only represented an average of 0.47% of all travel insurance sales

 

European Christmas Markets Back on Itineraries Most Expensive Travel Destinations 

Two popular destinations are back in the top 10 for the 2022 holiday season:

  • Both known for deep holiday traditions, Germany and France were among the top holiday destinations, together accounting for just over 5% of insured trips.
  • This year marks the first time since the 2019 holiday season that both countries were among the top destinations.

 

Comparing costs, travel insurance remains a good, low-cost investment compared to the price of the most expensive trips:

The average travel insurance premium for the top 25 most expensive destinations was $717.44. That’s nearly three times higher than the year’s average travel insurance premium of $242.55. The cost of insuring a trip to the most expensive destinations was only 6.5% of the average trip price.

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