The government's green list for travel will be updated later today, with Malta and the Balearic Islands, including Ibiza and Majorca, set to go on it.
It comes after the vaccines minister revealed almost half of all adults aged 25 to 29 in England and a third of those aged 18 to 24 had now received their first dose of a coronavirus jab.
People arriving in the UK from green list destinations are not required to self-isolate, but there are currently no viable major tourist destinations in the list.
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However, Malta and the Balearic Islands, with its popular destinations of Majorca and Ibiza, are among a "handful" of places being considered for addition to the green list, according to the Times.
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Malta and Spain are currently on the Government's amber list, alongside other popular summer hotspots such as Portugal, Italy and Greece, with a 10-day quarantine period at home required for people returning from those locations.
Health Secretary Matt Hancock said earlier this week that the Government is "working on" plans to allow quarantine-free travel for fully vaccinated Britons returning from amber locations.
Asked about the prospect of restrictions being eased in the review, Transport Secretary Grant Shapps told the PA news agency: "Of course I very much hope the world could open up.
"We've got to follow the data, and that's what we'll be doing in the meetings over the next few days."
His comments came as the travel industry held a day of action on Wednesday to put pressure on the Government to reopen the sector and provide tailored financial support to businesses.