ASTA reports increased travel insurance sales

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The most recent Financial Benchmarking Report (full year 2015) from the American Society of Travel Agents (ASTA) shows strong results amongst those surveyed, with 81 per cent of respondents saying their revenues had either increased or stayed the same compared to 2014. Eben Peck, senior vice-president of government affairs and communications, said that the improving economy has helped travel agents’ businesses. Other findings from the report showed that 56 per cent of respondents reported that sales in cruises had increased, while 53 per cent had reported an increase in travel insurance sales. Those polled were also positive about the future, with most forecasting similar trends for the year to come. ASTA noted that ‘although constrained by commission rates set by industry suppliers, agencies overall consistently receive the highest commission rates from selling travel insurance (19 per cent to 21 per cent)’.