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.

Related News Stories :   Brand USA Travel Week UK & Europe registration now open     Gold Medal adds Australia packages, launches agent incentive     Riviera Travel names Chief Customer Officer     Klook and Kayak announce expanded partnership     NTSB slams FAA over deadly helicopter tour crash     Indonesia tour bus crash kills 14 people  


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.

Most Read

Thailand is now fully opened: Learn all about it from Markland Blaiklock, head of Centara Hotels

Crypto Payments For Travel What You What To Know

Chris King of Lightning Recruitment speaks about the issues surrounding hiring talent

Qatar has so much more to offer - find out what as we chat with the Tourist Board

Visa and Mastercard have been accused of illegally setting fees on corporate cards

Amir Eylon talks about how likely are Americans to travel internationally during the Ukraine Crisis

Meet the founder of Vietnam’s largest and leading tourism group: TMGroup

Katie Coates of Visit Mississippi tells us what to expect on vacation in the Hospitality State

Simon Jackson MD of Idiliq Resorts explains what the product offering consists of

Guy Novik of USAirtours explains the last 2 years and their relationship with the trade

What to expect as Vietnam reopens its border to international arrivals

Wildlife and Safari in South Africa - here is what you can sell as we speak to Springbok Atlas

Price Based Country test mode enabled for testing United States (US). You should do tests on private browsing mode. Browse in private with Firefox, Chrome and Safari