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Family holiday prices ‘stabilising’ despite ongoing economic uncertainty

by AIditor In Chief
April 19, 2024
in Travel Trade
0 0
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Other destinations proving cheaper this year than last for an August getaway include Egypt (-2.58% to £970.38), Lanzarote (-2.27% to £881.75), Malta (-1.08% to £882.94), Menorca (-0.58% to £1,014.30) and Fuerteventura (-0.54% to £802.74).

Destinations experiencing the biggest price increases over the period measured by TravelSupermarket include the Costa del Sol, up by £135.91 (16.45%) from £826.22 to £962.13 and the Costa Brava, where prices have increased by £87.46 (12.27%) from £712.60 to £800.06.

Prices for holidays to Ibiza, Costa Blanca and Gran Canaria have all increased at a rate above the CPI measurement of inflation.

Others, though, have experienced more modest increases in price, with many remaining below the CPI measurement of inflation. These include Majorca (+0.53% to £873.19), Corfu (+1.82% to £919.84), Crete (+1.84% to £1,048.04), Dalaman (+2.14% to £841.64), the Algarve (+2.50% to £990.29) and Tenerife (+2.60% to £916.82).

Richard Singer, chief executive of TravelSupermarket parent Ice Travel Group, hailed the research “good news for British holidaymakers”.

“On average, holiday prices have so far increased by just 1.57%, well below the ONS’ Consumer Price Index for other household goods. This is a welcome relief for consumers who have been warned prices for goods and services are unlikely to return to pre-crisis levels.”

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