InsuraGuest Inc. Fills Travelers’ Short-Term Insurance Needs in Globally Growing Tourism Markets

January 13, 2020 13:18:21
  • InsuraGuest is a hotel and vacation rental property insurer that specializes in covering guests’ property and accidental medical needs on a short-term stay event basis
  • The Company’s InsurTech software platform and specialty insurance product is available in all 50 states and is expanding into European and Asian markets
  • InsuraGuest recently completed the integration of its proprietary InsurTech platform with the Wisp Resort located in Maryland
  • Europe’s vacation rental market, in particular, offers a promising opportunity as millions of users seek accommodations each year
  • The luxury travel market is expected to grow by a CAGR of nearly 8 percent between 2019 and 2026

As an increasing number of people seek unique culture-immersive holiday experiences or simply an outlet for spending time together with far-flung family members, the luxury travel market is expected to grow with a CAGR of nearly 8 percent between 2019 and 2026, according to research by analysts at Allied Market Research (http://nnw.fm/qp9Ec).

The hotel industry, vacation rental investors and independent Airbnb-type homeowners with rooms for let are poised to provide more options than ever to eager but weary travelers. The United States alone has approximately 9 million second homes, with 25% being…

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