Key Points
- Travel insurance is affected by the age of the passengers, duration of stay and destination.
- Plan ahead and save at least six months before buying a ticket.
- There is a high demand for plane tickets to the Philippines.
'May PERAan' is SBS Filipino's podcast series which features financial experts seeking to answer the most common questions about money and finances.
"Demand for tickets are very high. Carriers are actually exhausted, but it's good news for our industry that we're bouncing back," travel agent Chris Centeno shares.
If you're planning a trip to the Philippines anytime soon, Centeno says that it's important to take note of the following:
Travel insurance is affected by the age of travellers, duration of stay and destination.
Centeno shares that the cost of insurance can be hard to discern, but there are certain factors that will affect it.
"If travel is to the Philippines for less than 20 days and the passengers are young and with no preexisting conditions, insurance will of course be cheaper.
"Asia will have lower costs than the US and Europe."
He says that it's important to look at the fine print because not a lot of companies provide COVID coverage and, some destinations are not covered.
Plan ahead before buying a ticket
Centeno says to plan for trips at least six months ahead and, to avoid buying tickets on a whim.
"Airlines release promos way ahead of time. For example, Philippine Airlines released a promo in March to cover May until next year (excluding peak season).
"I would suggest to plan and save months ahead of time, so when a promo is offered, you're ready with the funds.
"A typical round-trip ticket during low season costs around $1100. With a promo, that can go down to $770-870."
Disclaimer: The information in this article serves only as a guide. For additional information regarding your particular issue or situation, consult with legal, financial and/or tax experts.
