Demand to fuel skyrocketing holiday prices

Thursday, Jan 27, 2022 0

A predicted rush for half-term and summer holidays is looking more likely after day two tests have been scrapped for the double vaccinated.

The rise in demand will send holiday prices sky-high, according to Holiday Extras ‘data.

It says inflation at its highest for two decades and relatively low supply is adding pressure on prices.

Holiday Extras’ research finds 93.2% of people who took a flight in 2019 plan to fly again this year, while current capacity remains down on 2019.

It says price rises are especially rampant for car hire with rates in Mallorca already up 90% on 2021.

Turkey summer bookings have risen by 22% partly due to the favourable exchange rate.

Other destinations selling well are Mexico, the Canaries, the Maldives and Madeira.

"This summer is going to see a goldrush for holidays as everyone heads for the sun – in many cases, for the first time in three years. Book now and you’ve locked in your price for the summer. As the last Covid rule is on its way out, canny holidaymakers will be buying up the rooms, the flights and the sunbeds early, "said David Norris at Holiday Extras.



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TravelMole Editorial Team

Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.



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