TravelAge West
Intel and Insights for Today's Travel Advisor

Explore TravelAge West

Destinations

Back
  • Africa & Middle East
  • Asia & South Pacific
  • Caribbean
  • Central & South America
  • Europe
  • Hawaii
  • Mexico
  • USA & Canada

Travel Types

Back
  • Family
  • Adventure
  • Cruise
  • River Cruise
  • Tour Operators
  • Luxury
  • Hotels
  • Culinary
  • Romance
  • Wellness
  • Sustainability

Directories

Back
  • Hotels
  • Cruise

Interactive

Back
  • Click & Win
  • Geo Quiz
  • Slideshows & Video
  • Wave Winner Videos

Professional Development

Back

Industry Insight

  • Business Features
  • Interviews
  • Events
  • Opinion
  • Tech
  • Podcasts
  • Coronavirus and Travel
  • Need to Know Research

Education

  • Certifications
  • Digital Guides
  • Fams
  • Thought Leadership
  • Advertiser Spotlight
  • Webinars
  • Quick Q's

Events

  • Global Travel Marketplace
  • GTM West
  • WAVE Awards
  • GTM by Northstar

Get Us in Your Inbox

I accept the T&C and Privacy Policy.

Search TravelAge West

Clear Field
Leyla Sepic
Leyla SapicAssociate Editor

Share

  1. Home
  2. Industry Insight
  3. Business Features

Amid Heightened Booking Anxiety, Travelers Are Willing to Pay More for Cancellation Flexibility

Oct 14, 2026
Phocuswright  Research  Travel Agents  Travel Trends  
A woman sits cross-legged on a cluttered floor with a laptop and a credit card.
Sixty-eight percent of U.S. respondents say they would purchase refund protection if it were available for their next international trip.
Credit: 2026 Yingyaipumi/stock.adobe.com

From flight disruptions to severe weather, geopolitical uncertainty and worries about losing money, travelers have plenty to consider before committing to a vacation. But these concerns aren’t just influencing where they go — they’re also changing how they book.

A new Phocuswright report, Global Booking Anxiety: The U.S., Europe and Asia Pacific, found that one in three U.S. respondents feels extremely or very anxious about booking an international trip. That figure is significantly lower in Europe, where 15% of travelers in the United Kingdom, 14% in France and 7% in Germany report the same level of anxiety.

For many U.S. travelers, these concerns are growing. More than half (52%) of U.S. respondents say their booking anxiety has increased over the past two to three years, compared with 36% in the U.K., 37% in France and 33% in Germany.

The findings raise an important question for travel advisors: As travelers become more hesitant to commit to trips, how can advisors help clients feel confident about booking?

What's Driving Booking Anxiety?

Get Us in Your Inbox

I accept the T&C and Privacy Policy.

According to Phocuswright, travelers’ concerns are largely tied to financial uncertainty and the possibility of disruptions. Among the leading sources of anxiety are losing money if plans change, political instability and safety concerns, severe weather and unclear cancellation or refund policies.

RELATED: Editorial: How Travel Advisors Can Help Clients Travel Smarter

Those concerns aren't necessarily hypothetical. Just 36% of U.S. respondents say they have not missed a trip or event for unexpected reasons in the previous 12 months.

The research also suggests that anxiety is influencing purchasing behavior. Travelers report spending more time researching trips, purchasing travel insurance, avoiding certain destinations and choosing refundable bookings over cheaper, nonrefundable options.

For some, uncertainty alone is enough to abandon a purchase altogether. In the U.S., 20% of respondents say anxiety or doubt has caused them to abandon a booking before completing payment.

Across markets, anxiety was highest at checkout, suggesting that travelers may need the most reassurance just before committing financially.

Travelers Are Willing to Pay More for Flexibility

Although price remains an important consideration, Phocuswright’s findings suggest that many travelers are willing to spend more for greater flexibility.

When asked to choose between otherwise identical bookings, 58% of U.S. respondents preferred a higher price with free cancellation, compared with 31% who preferred a lower price with refund protection available as an add-on. Just 11% selected the lowest-priced, nonrefundable option.

RELATED: Booking Confidence Is Key to Luxury Travelers, According to This New Study

The preference for flexibility extended to Europe. Higher-priced bookings with free cancellation were the most popular option in the U.K., France and Germany, as well.

Refund protection also generated considerable interest. Among U.S. respondents, 68% say they would probably or definitely purchase refund protection if it were available at checkout for their next international trip or event ticket purchase.

Across the markets surveyed, the ability to receive full reimbursement was the most appealing feature of refund protection.

Among respondents who had not purchased refund protection, 23% cite existing travel insurance as the reason for declining it, highlighting the importance of explaining how refund protection differs from traditional insurance.

Takeaways for Travel Advisors

For travel advisors, the findings point to an opportunity to address client concerns before they become barriers to booking.

Phocuswright recommends clearly communicating cancellation terms, refund eligibility and protection options before payment, including what is covered and how refunds and claims work.

RELATED: Editorial: Travel Advisors Provide Calm Amid Chaos

The research also suggests that flexibility can influence future booking decisions. In the U.S., 57% of respondents say they would be more likely to use a booking platform again if it consistently offered refund protection as a standard option.

That said, explaining cancellation policies, discussing protection options and helping clients understand their financial exposure could become increasingly important parts of the booking conversation.

As travelers weigh the cost of a trip against the possibility of unexpected disruptions, helping them understand their options may be a key step toward booking with confidence.

Tell Us What You Think! forum

  • Most Read
  • Most Shared
  1. Where to Experience Dia de los Muertos in Mexico in 2026
  2. 5 Future Leaders to Watch List, 2026
  3. Here Are All the Fall Travel Trends for 2026
  4. What Is City-Maxxing? Here's What to Know About the New Travel Trend Created by the Ultra-Rich
  5. Who is Leah Talactac, Viking’s New President and CEO? Here’s Her First Interview in the New Role.

From Our Partners

More From TravelAge West

Travel advisors can earn the certification by completing a three-module online curriculum or attending a live presentation.

Mast Travel Network Partners With Special Needs Group to Expand Accessible Travel Training

Reels first appeared on Instagram in August 2020.

12 Tips for Creating Travel Reels on Instagram, According to a Travel Influencer

Road trips and fall foliage are just two of the trends shaping fall travel this year.

Here Are All the Fall Travel Trends for 2026

Melanie Rodriguez was the first-place winner of last year's photo contest.

Submit Your Best Travel Photos: 2026 TravelAge West Reader Photo Contest Now Open

One-on-one meetings between travel advisors and suppliers are a cornerstone of the event.

Applications Are Now Open for GTM Luxury 2027

Travelers are finding new reasons to return to the destinations they already know and love.

Why Travelers Are Returning to Destinations They Already Know, and What This Means for Advisors

American Express cardholders will have to choose between using a travel advisor or booking their own hotel or cruise on American Express Travel.

American Express Eliminates Advisor Access to Its Travel Programs — ASTA Petitions for a Reversal

Cate Caruso, founder and CEO of True Places Travels

This Advisor Uses Silicon Valley Strategies in Her Luxury Travel Business

Cape Winelands Airport will prioritize intra-Africa routes when it opens for passenger travel in 2029.

Only 19% of Intra-Africa Routes Are Serviced by Direct Flights. This Airport Could Change That.

More Stories Like This

Travel advisors can earn the certification by completing a three-module online curriculum or attending a live presentation.

Mast Travel Network Partners With Special Needs Group to Expand Accessible Travel Training

Read The Story
Reels first appeared on Instagram in August 2020.

12 Tips for Creating Travel Reels on Instagram, According to a Travel Influencer

Read The Story
Road trips and fall foliage are just two of the trends shaping fall travel this year.

Here Are All the Fall Travel Trends for 2026

Read The Story
Melanie Rodriguez was the first-place winner of last year's photo contest.

Submit Your Best Travel Photos: 2026 TravelAge West Reader Photo Contest Now Open

Read The Story
One-on-one meetings between travel advisors and suppliers are a cornerstone of the event.

Applications Are Now Open for GTM Luxury 2027

Read The Story
Travelers are finding new reasons to return to the destinations they already know and love.

Why Travelers Are Returning to Destinations They Already Know, and What This Means for Advisors

Read The Story
American Express cardholders will have to choose between using a travel advisor or booking their own hotel or cruise on American Express Travel.

American Express Eliminates Advisor Access to Its Travel Programs — ASTA Petitions for a Reversal

Read The Story
Cate Caruso, founder and CEO of True Places Travels

This Advisor Uses Silicon Valley Strategies in Her Luxury Travel Business

Read The Story
Cape Winelands Airport will prioritize intra-Africa routes when it opens for passenger travel in 2029.

Only 19% of Intra-Africa Routes Are Serviced by Direct Flights. This Airport Could Change That.

Read The Story
Departure Lounge curated a travel auction at HRC’s recent National Dinner that raised $61,500 for the organization.

Departure Lounge Expands LGBTQ+ Support With Sponsorship of Human Rights Campaign

Read The Story
TravelAge West

About TravelAge West

  • About Us
  • Contributors
  • Sales Team
  • Contact Us
  • My Profile
  • Terms of Use
  • Privacy Policy
  • Do Not Sell or Share My Data

Advertise

  • Advertise With Us
  • Write For US
  • Media Kit
  • Upload Ad Material
  • Digital Ad Specifications
  • Reprints
  • Subscribe to Print

Stay Connected to TravelAge West

Get Us in Your Inbox

I accept the T&C and Privacy Policy.


Northstar Travel Group

Northstar Travel Group

  • Travel Weekly
  • Travel Weekly Asia
  • TravelPulse
  • TravelPulse Canada
  • TravelPulse Quebec
  • Meetings & Incentives
  • Travel Technology
  • Corporate Travel
  • Hotel Investment
  • Data Products
  • AGENTatHOME

Copyright © 2026 Northstar Travel Media, LLC. All Rights Reserved. 301 Route 17 N, Suite 1150, Rutherford, NJ 07070 USA | Telephone: (201) 902-2000

Load Carousel Here
Load Video Here