Michael O’Leary, CEO of budget airline Ryanair, has predicted that there will be a strong demand for European beach holidays this summer, once the most high-risk groups have received their vaccines and the current travel restrictions are dropped.
The statement was backed up by EasyJet who revealed that it had seen bookings for this summer increase by 250%.
The news comes as Ryanair announced that it was experiencing its most “challenging year of its 35-year history”, with expected losses of up to £870 million (€1 billion) for the year to March 2021.
Here at Travel Insurance Explained we have all felt the affect that the pandemic has had on the travel industry in particular, and are hopeful that as soon as the government gives us the green light to travel again, we’ll soon be on a sunny beach in Europe, surrounding by our loved ones, sipping on a cocktail (or mocktail).
So, if you are planning a summer holiday abroad this summer, please make sure you book with a holiday provider that has flexible cancellation terms and conditions, should the trip not go ahead.
The reason we recommend this is because while most travel insurance providers offer some form of protection against Covid-19, such as if you or a member of your travelling party contracts Covid before or during your trip, the majority of insurers will not provide cancellation cover as a result of a change in government advice.
This means that if the government suddenly changes their travel advice before your trip, you most likely won’t be able to claim for lost costs through your travel insurance.
This is where your holiday provider’s terms and conditions will protect both your trip and your wallet.