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Axios
2 days ago
- Axios
European hot spots dig in against tourism
Residents of European travel hotspots are rallying against the effects of overtourism for the second consecutive summer. Why it matters: Protesters say post-COVID tourism booms, which don't show signs of slowing down, are increasing costs and pushing locals out of their neighborhoods and cities. Americans' summer travel to Europe is projected to increase for the fourth consecutive year, per a report from travel insurance company Allianz Partners. State of play: In the past week, anti-tourism protesters took to the streets in Southern Europe, the Louvre's staff went on strike and Airbnb pointed fingers. Locals have taken to spraying tourists with water guns as a form of protest in Lisbon, Barcelona, Venice and other popular European destinations. Staff at the Louvre spontaneously went on strike this past Monday to protest unmanageable crowds and chronic understaffing. The work stoppage — which happened without a vote by union membership — shuttered the world's most visited museum for hours. Between the lines: Locals blame Airbnb for contributing to the problem, reducing housing supply and increasing prices in residential neighborhoods. The Spanish government last month called for the removal of nearly 66,000 short-term rental listings on Airbnb. Airbnb has placed the blame on hotels, saying they account for 80% of the nights tourists spend in Europe.
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Business Standard
5 days ago
- Business
- Business Standard
Premium insurance demand spikes as travel disruptions rise globally
With flight cancellations, delays and other disruptions on the rise, leisure travellers are being increasingly discerning over the level and type of insurance they buy and businesses are turning to specialist advisory services to limit risk. Since 2019, travel disruptions around the world have risen due to everything from COVID-19, extreme weather, volcanic eruptions, military conflict, jet safety issues, computer glitches and fires which have closed airports, grounded planes and stranded millions of passengers. In the U.S., ongoing air traffic controller shortages and aging technology have caused significant disruption. In May, equipment outages, runway construction and staffing shortages caused flight cancellations, diversions and delays at Newark Liberty, one of the main airports serving New York City. On Friday, Israel attacked Iran, forcing carriers to cancel or divert thousands of flights to avoid conflict in the Middle East. Even with insurance, many policies specify a multitude of exemptions in the fine print. As a result, more travellers are taking out higher-end insurance policies, often at higher premiums, to better protect themselves, according to interviews with nine travel executives, insurance companies and analysts. "We're in times that are quite unstable so people are cancelling more frequently than previously," said Duncan Greenfield-Turk, CEO of Global Travel Moments, a luxury travel agency based in London. European tourists have increased their purchases of travel insurance for this summer by 3% compared with last year, according to German insurer Allianz Partners. Squaremouth, the largest travel insurance marketplace in the U.S., has seen a 34% year-over-year increase globally in purchases of "Cancel For Any Reason" protection. British and U.S. holidaymakers in particular are more willing to pay a higher premium to protect their trip, said Anna Kofoed, the CEO of Travel for Allianz Partners. About 32% more travellers globally requested an insurance quote from January to April compared to the same period in 2024, according to data from online travel insurance broker InsureMyTrip. Businesses Seek Travel advice There has also been a rise in demand for bespoke travel advice as U.S. President Donald Trump has announced a number of immigration-related restrictions including tighter visa vetting procedures and travel bans. World Travel Protection (WTP), a global firm that advises businesses on travel risk, said it has seen a rise in U.S. residents being detained at U.S. borders and told their documents were no longer valid as visa rules were changing. WTP has worked with U.S. government representatives to help those individuals return home, according to Frank Harrison, the company's regional security director for the Americas. "We're seeing a very strong uptick in organizations coming to us wanting to know how to navigate the landscape of the U.S. within the wider business," Harrison said. CIBT, which provides non-legal visa and immigration guidance, has seen a 50% rise in inquiries since November from companies seeking to better prepare their employees for travel to the U.S., according to CEO Steven Diehl. High-end insurance products emerge One of the newest areas of business is in parametric insurance, which pays compensation automatically after a "trigger" event such as a flight delay without the need to file a claim. Parametric insurance took off in some countries during the COVID-19 pandemic and in recent months more insurers around the world have begun to offer it. When testing the market last year, Spanish insurer Mapfre's Mawdy unit in Ireland said about 11% more customers opted for higher-tier travel insurance packages when instant compensation was included. Travel destinations have also spotted an opportunity in this burgeoning market. Marriott Bonvoy's villa rentals and waterparks offer parametric weather insurance at the point of booking, automatically paying out on rainy days. Sensible Weather, one of the providers of such coverage, reported its weather guarantees were added to 30% of theme park bookings and 10â€'15% of higher-value accommodation bookings when they were offered in 2024. In March, Squaremouth launched a new insurance product with cruise-specific benefits such as coverage for being confined on a cruise ship or missing the port of call. "Everyone is trying to make it easier for people to understand that each trip (...) is going to have a different set of concerns whether it's hurricanes or blizzards or what's going on with air traffic controllers," Suzanne Morrow, CEO of online insurance broker InsureMyTrip told Reuters.
Business Insider
14-06-2025
- Business Insider
Economic anxiety or not, Americans are still prioritizing Euro summer travel
Happy Saturday! Apparently, some people are looking up at the stars for help in deciding where to move. It's called astrocartography, a form of astrology. Would you try it? On the agenda: Cancer doctors say exercise is better at preventing colon cancer recurrence than drugs. Sunglasses are the "it" accessory of the summer. Seven men shared their favorites. The millennial obsession with longevity is making compression socks cool. A top chef shares red flags to watch out for at seafood restaurants. But first: Vive la Europe! If this was forwarded to you, sign up here. Download Business Insider's app here. This week's dispatch The American Euro summer dream Despite very real economic anxiety, some American travelers aren't giving up their dreams of climbing the Eiffel Tower, sitting on the Spanish Steps, or sipping an Aperol spritz in the Italian sunlight. "Traveling is very important to me," Jimin Shim, a millennial living in Denver, told BI's senior reporter Kelsey Vlamis. "And because I know that that is a priority for me, it's something that I budget for and am saving up for all year round." Shim plans to travel with her mom to Portugal later this month. She's part of a larger trend of Americans who are still traveling to Europe despite a laundry list of potential issues: an uncertain economy, a weakened US dollar, and a changing perception of America partly due to Trump's tariff policies. In fact, Vlamis reports that Allianz Partners, a travel insurance and assistance company, found that summer travel from the US to Europe is set to increase by 10% this year, according to a recent data analysis. Still, many travelers are waiting longer to book to score the best deals. They're also choosing budget-friendly accommodations once they arrive. Others are swapping their itineraries altogether to save money. Travel content creator Meredith Pierce said she's noticed that travelers who intended to take trips to Italy and Paris are now opting to travel to Albania or Poland, countries with similar climates and vistas. Despite rising costs, Shim said her trip to Portugal is worth it for the reprieve alone. "Traveling and spending quality time with family who loves you is a great way to just take care of your mental and emotional health too," she added. Exercise is actually a drug A randomized controlled trial of exercise as a cancer treatment found brisk walking prevented recurrent colon cancer. Eight years out, 90% of patients in the exercise program were alive compared to 83% in the control group. Results of the study were presented at the biggest annual cancer conference. It shows that exercise is more than just a way to boost quality of life — it's a treatment. . Four grocery store items colon cancer doctors avoid — and three they love I attended the world's biggest cancer conference. Doctors gave standing ovations to two major breakthroughs. Throwing shades Sunglasses are the go-to accessory this summer, more for fashion than functionality. (Want to wear them at night? Go for it.) Seven men shared their favorite pairs with BI, from luxe brands like Cartier and Gentle Monster to the Gen Z-forward Crap Eyewear. Tinted lenses are also trending. Sock it to 'em Millennials can still dictate cool. They're a big reason why compression socks are becoming increasingly popular among young people, including their Gen Z counterparts. Compression socks are designed to reduce inflammation and increase blood flow, making them a great fit for millennials' love for products that boost longevity. They can also be a game changer for people who are pregnant or do a lot of exercise. Plus, there are some pretty cute designs. Seafood red flags Aidan Owens is the executive chef at Herb & Sea, a top restaurant in Encinitas, California. His menus exclusively feature ingredients sourced by local farms and independent fishermen, so he knows how to find good seafood. That said, Owens also knows how to spot when a restaurant may not have good seafood. Do the oysters smell like the ocean? Does your server know where the fish came from? If no, it might be a sign the restaurant isn't sourcing its ingredients sustainably. What to watch out for. What we're watching this weekend "Snow White": See what all the fuss is about as the live-action version of Disney's beloved classic is now available on Disney+. "Echo Valley": In this new thriller on Apple TV+, Julianne Moore plays a Pennsylvania farmer whose life turns upside down when her daughter (Sydney Sweeney) comes home in an alarming state. "Titan: The Oceangate Submersible Disaster": This chilling documentary on Netflix delves into what led to the horrific 2023 implosion of the Titan submersible during its voyage to the Titanic wreckage. Deals we love Men's dress shoes: Step up your style game in and out of the office with these expert-approved dress shoes for men that are polished, comfortable, and actually worth the investment. Tangled necklaces? Not on our watch: These travel jewelry cases tested by a pro travel writer will keep your favorite pieces safe, organized, and knot-free. Swimsuits that won't let you down: Supportive, stylish, and made to move — we tested tons of styles to find the swimsuits that actually work for bigger busts (and still look amazing). More of this week's top reads: Danny Boyle made sure "28 Years Later" was worth the wait. The sneaky new friendship divide between millennials and Gen Z. This summer, people aren't just eating hot dogs — they're wearing them. The Labubus got me — and I learned a trick to finally buy one. Millennials who don't want kids explain their choice to be child-free, prioritize travel, and pursue their "dream life." I love weddings, but I leave them early — even if I adore the couple. It's not so wrong, especially if you do it right. A man proposed to his partner with a stunning engagement ring. She returned the favor with his dream Rolex. A 41-year-old longevity doctor says his "biological age" is 24. He takes three supplements daily. Want a baby this year? Brace yourself. How Patrick Schwarzenegger spends his 5 to 9 — from getting 10,000 steps to eating Japanese sweet potatoes. The BI Today team: Dan DeFrancesco, deputy editor and anchor, in New York City. Grace Lett, editor, in New York. Lisa Ryan, executive editor, in New York. Akin Oyedele, deputy editor, in New York. Amanda Yen, associate editor, in New York. Elizabeth Casolo, fellow, in Chicago.
Globe and Mail
03-06-2025
- Business
- Globe and Mail
Puerto Vallarta Shines as a Top Summer Destination for American Travelers
From sea turtle releases and jungle excursions to award-winning dining without the crowds, this is the season to experience Mexico's Pacific paradise for less NEW YORK, June 03, 2025 (GLOBE NEWSWIRE) -- As American travelers plan their summer getaways, Puerto Vallarta continues to secure its status as a must-visit international hotspot. According to the latest Allianz Partners USA report, nearly a third, or 29%, of U.S. flights are bound for international locales this summer, with Mexico claiming three of the top 10 destinations. Among these, Puerto Vallarta stands out for its seamless blend of natural beauty, cultural richness and abundance of outdoor adventures. This vibrant city, tucked between the Sierra Madre Mountains and Banderas Bay on Mexico's Pacific coast, is a premier beach vacation destination supported by 27 direct air routes from the U.S. Summer visitors are rewarded with lush green landscapes, fewer crowds and valuable savings on both accommodations and activities, making it a perfect time to experience the city's signature mix of adventure, relaxation and charm. WHAT TO DO Sea Turtle Releases: From July through December, the city's beaches become the setting for one of nature's most moving events: the release of sea turtle hatchlings. Guided by marine biologists and conservation experts, these sunset events invite visitors to witness hatchlings make their way to the ocean, while learning about the species' biology and the importance of protecting their fragile ecosystems. Guests can take part in releases at participating hotels including Marriott Puerto Vallarta Resort & Spa and Hyatt Ziva Puerto Vallarta, both recognized for their longstanding conservation efforts. Boca de Tomates Turtle Camp offers a hands-on experience that includes adopting nests and assisting with releases, while tour operators such as Wildlife Connection and Ecotours Vallarta lead small-group excursions that help fund critical preservation work. Explore Lush Landscapes: Summer rains transform Puerto Vallarta into a lush, green escape, creating perfect conditions for outdoor exploration. Canopy River leads adrenaline-filled adventures through the Sierra Madre Mountains, including ziplining, ATV rides and suspension bridge treks. For a quieter experience, scenic hikes like the coastal trail from Las Ánimas to Quimixto offer sweeping ocean views and the chance to spot local wildlife. South of the city, the Vallarta Botanical Gardens span 46 acres of native flora, riverside swimming spots and peaceful walking paths, making it a favorite for nature lovers. Dining Without the Crowds: With fewer travelers in town, summer is the ideal time to explore the city's celebrated culinary scene. Acclaimed restaurants such as ICÚ, known for contemporary tasting menus that reimagine traditional Mexican dishes with regional influences; Tintoque, a chic destination for modern Mexican cuisine; and MAKAL, in the heart of the Romantic Zone and praised for its creative, ingredient-driven approach, serve innovative dishes in refined yet relaxed settings. The quieter pace allows guests to savor world-class cuisine without the usual wait. WHERE TO STAY As Puerto Vallarta enters its low season, travelers can take advantage of summer deals on accommodations across the city. For Families: Velas Vallarta This beachfront all-inclusive resort in the heart of Marina Vallarta offers serene views of the Sierra Madre Mountains and is a favorite for multigenerational vacations. Families enjoy spacious suites, three pools, a kids' club and daily entertainment. The Summer Presale 2025 package, available to book through June 3 for travel from June 1 to August 31, includes complimentary stays for children ages 4 to 12, 50% off for teens, a suite upgrade, $300 in resort credit, discounts on golf, early check-in or late check-out and the signature Kawitu Experience. For Couples: Villa Premiere Boutique Hotel & Romantic Getaway An adults-only property in the heart of Puerto Vallarta, just steps from the iconic Malecon esplanade, Villa Premiere blends oceanfront luxury with personalized service. As part of the Flowers & Sea special, guests receive 20% off bookings made through June 20, valid for travel through January 3, 2026. The experience includes butler service, rejuvenating spa treatments, themed dinners with live entertainment on select nights and a serene beachfront setting designed for a stylish and relaxing escape. For LGBTQ+ Travelers: ALMAR Resort Located in the heart of the Romantic Zone (often referred to as the 'Gayborhood'), ALMAR Resort is the city's only luxury LGBTQ+ beachfront property, known for its Oceanview suites, lively pool scene and inclusive atmosphere. From July 25 to 28, it will host the inaugural POSH PVR Escape, a three-day celebration of music, themed parties and curated experiences. POSH is internationally known for its high-energy events at Art Basel, Fashion Weeks in New York and Paris, and Pride celebrations in Los Angeles, Atlanta and New York. For Luxury Seekers: Casa Kimberly Once the former residence of Elizabeth Taylor, this intimate nine-suite boutique hotel captures the charm of old Hollywood glamour paired with modern indulgence. The Hot Nights, Cool Savings promotion adds value to luxury stays from July 1 through October 31, with a third night free when booking two. The package also includes a deluxe continental breakfast delivered each morning and welcome margaritas upon arrival. About Puerto Vallarta Nestled between the rugged Sierra Madre Mountains and Banderas Bay on Mexico's balmy Pacific coast, Puerto Vallarta is the quintessential Mexican beach destination. Puerto Vallarta's year-round warm climate, easy direct access from major markets in the United States and Canada, and a range of accommodation options have made it a top choice for a stress-free tropical escape. Authentic culture can be discovered around every corner in Puerto Vallarta, from the charming cobblestone streets downtown to the art-filled Malecon, and the lively Romantic Zone – a favorite enclave amongst LGBTQ+ travelers. Puerto Vallarta's picturesque beaches and aquatic activities lure travelers, and its welcoming hospitality, top-notch gastronomy, and outdoor adventures keep them coming back time and time again.
Khaleej Times
26-05-2025
- Business
- Khaleej Times
InsuranceMarket.ae receives Allianz Rising Star Award for breakthrough performance
the UAE's largest insurance platform, has been awarded the 'Rising Star 2024' title by Allianz Partners, recognising a year of exceptional growth, strategic alignment, and customer-centric execution. The accolade celebrates the 10x expansion of the shared book between the two partners in just one year — an achievement made more remarkable by the simultaneous uplift in service quality and value delivery. The recognition highlights a model of partnership that goes beyond distribution scale to embrace vision, speed, and sustainability. "Clarity, ambition and flawless execution—that's what fuels outcomes like this," said Avinash Babur, CEO of "We do not aim to work with everyone. We choose partners who share our long-term ethos. This award is a testament to what can be accomplished when collaboration is intentional and purpose-driven." Allianz Partners echoed the sentiment in their commendation. 'It was our absolute pleasure to recognize one of our key distribution partners in the UAE who are creating positive disruption in insurance broking," said Cheryl Beattie from the Allianz Partners team. "In 2024, they posted the highest growth levels across both individual and SME segments. Their name is in lights everywhere, with a dynamic and innovative approach that's clearly delivering results." The award comes as continues to deepen its investment in the future of insurance distribution. From seamless, digital-first customer journeys to the launch of its Global Benefits Practice focused on IPMI and led by Malcolm Wright, the company is setting new standards for what modern insurance broking can deliver. This recognition joins a growing list of accolades for including its Superbrands status, naming rights for the InsuranceMarket Metro Station, and over 25,000 five-star Google reviews, further cementing its leadership in the UAE insurance ecosystem.
