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HomeTravelGen Z, millennials are most likely to buy travel insurance products

Gen Z, millennials are most likely to buy travel insurance products

Rome ranked second on a recent list of best travel destinations for a digital detox. Piola666 | E+ | Getty Images
Despite inflation, Gen Z and millennials are determined to travel this summer, even if it means spending a bit more. While almost two-thirds, or 73%, of people are willing to pay extra fees for travel insurance or refundable booking options for their trips, Gen Zers and millennials are far more willing — at 87% and 83%, respectively — to pay extra for travel protections compared with other generations, according to a report by Bank of America. The bank surveyed 2,003 consumers in June.

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