Holiday prices set to rise by ‘up to 20%’ next year
Package holiday prices are likely to rise by at least 10% next year and almost a fifth of operators believe the increase could be as high as 15% to 20%.
Travel deals publisher Travelzoo said an online survey of 15 companies in the last few days revealed that four out of five expected average holiday prices to rise in 2017. The survey included nine tour operators and firms that carry a combined total of more than a million passengers.
Travelzoo said continued uncertainty over Brexit, sterling’s slide against other currencies, the rising cost of oil and ongoing geopolitical events would be to blame for prise rises.
Travelzoo UK MD Joel Brandon-Bravo said: "The impact of sterling’s fall in particular has not really been felt in holiday pricing to date, however all the signs are pointing in the direction of price hikes for many popular holiday destinations in 2017.
"Until now British travel companies have been absorbing some price increases on costs such as hotel rates set in euros and many have been selling holidays at prices set before the June referendum.
"Businesses cannot do this indefinitely however and we expect pricing for next year’s holidays to increase by at least 10%. For almost one fifth (17%) of those we spoke to the increase could be as high as 15-20%."
However, Travelzoo pointed out that the current economic woes have not prevented Brits from travelling. Referring to ABTA’s 2016 Holiday Habits Report, it said this year the largest proportion of Britons (86%) has travelled since 2011.
Brandon-Bravo added: "For those looking to minimise the impact of these imminent price hikes we would advise consumers to consider the following: book early for peak holiday periods such as summer 2017, consider destinations that have more favourable exchange rates and be open-minded about which country you visit.
"If destinations such as Sharm el-Sheikh and Tunisia remain closed to the UK this will continue to put pressure on pricing to ultra-popular Western Mediterranean destinations. The world is a large place – perhaps 2017 is the year to break out of predictable holiday destinations and try somewhere new."
Travelzoo predicts ‘good value for money destinations’ South Africa, Slovenia, Montenegro, Oman and Sri Lanka are likely to see a rise in UK tourists in 2017.
Linsey McNeill
Editor Linsey McNeill has been writing about travel for more than three decades. Bylines include The Times, Telegraph, Observer, Guardian and Which? plus the South China Morning Post. She also shares insider tips on thetraveljournalist.co.uk
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
Phocuswright reveals the world's largest travel markets in volume in 2025
Higher departure tax and visa cost, e-arrival card: Japan unleashes the fiscal weapon against tourists
Cyclone in Sri Lanka had limited effect on tourism in contrary to media reports
Singapore to forbid entry to undesirable travelers with new no-boarding directive
Euromonitor International unveils world’s top 100 city destinations for 2025