Anyone looking to book a holiday to Spain, Greece or Portugal needs to act now, according to consumer experts.
The price of package holidays have soared over the past year, with mainstream destinations now charging 19% more year-on-year.
Which? found that holidays to Spain, Greece, Portugal. Italy, Cyprus and Turkey cost on average 30% more than last year with an average price of £867 per person this summer.
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According to BirminghamLive, prices have gone up by a fifth or more to Spain, Turkey and Italy, while Cyprus has seen a rise of 15%, according to data sourced from Travelsupermarket parent Ice Travel Group based on clicks from November 1, 2022 to January 3, 2023 for seven-night holidays in summer 2023.
Spain still offered the cheapest deals, with a week’s package holiday costing £693pp. Which? also examined data on flights and hotels, to see how much those who opt to put together their own trips might expect to spend on a holiday this year. Flights have seen the most significant increases, with prices this Easter up a 51% on average compared with last year.
The cost of direct flights to 15 destinations in Spain, France, Italy, Greece and the US from six of the UK’s busiest airports was analysed using using data from air fares analyst Skytra.It found Italy and Greece have seen the highest rises, with fares up 71% in both cases. The US, which has the highest average fares at £1,527 per seat, saw the smallest price increase, at just under a third (31%).
Which? Travel editor Rory Boland said: “Travellers are likely to experience significantly higher prices than they’re used to for a trip away this year, with huge demand for holidays combining with inflationary pressure to create a perfect storm of spiralling costs.
“Flights in particular have seen some of the steepest price rises so far, with our research finding flights to popular destinations including Greece and Italy up 71% compared to last year.”
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