High hotel rates cause summer holiday packages to rise by 9%

Published on : Thursday, February 9, 2017

phillip-island-travel-saferPost-referendum slump in sterling and rate-hikes by Spanish hoteliers has splurged the holiday package price rates by 9 per cent than previous year.


Partly because of the prevailing high prices in Spain, bookings to Greece for summer 2017 are up by nearly half. Tourism decline in Turkey is a major cause for the hike in Hurghada in Egypt. figures from Thomas Cook covering October to December 2016 fiscal year results confirmed the same. The firm said average selling prices for outbound holidays from the UK are 9 per cent higher than a year ago.


Peter Fankhauser, Chief Executive of Thomas Cook, said that the bookings to Greece are currently up by over 40 per cent, while demand for destinations such as Cyprus, Bulgaria, Portugal and Croatia is also strong. These positive trends are making up for continued weak demand for Turkey.


Demand for Greece last year was dampened by reports about large numbers of migrants passing through the islands. The strong competition amongst the low-cost airlines also suggests that flight-only prices for the coming summer are no higher than last year. Ryanair predicted recently that the airfares would fall during 2017. Cuba and Mexico are proving popular, at the expense of Florida amongst the long haul choices.


Thomas Cook is the UK’s second-biggest tour operator after Tui, and has pan-European business. It revealed in the first quarter fiscal year result that revenue se by 1 per cent to £1,618m, with the usual seasonal loss £1m lower at £49m.

Tags: , , , ,

Leave a Reply

Your email address will not be published. Required fields are marked *


You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

arrow2Follow TTW
facebook-logo  twitter-logo  LinkedIn_logo  stumbleupon-logo   rss_logo 
ttw_blogger_logo  ttw_blogger_logo  ttw_blogger_logo


  • 02 WTM London 2018
  • 03 imexamerica 2018
  • 03 ITB Asia 2018
  • 09 ttfotm 2018
  • 10 Astana leisure 2018
  • 11 lodgingconference 18
  • 11 ttgincontri 2018
  • 12 plannersxtraordinaire 2018
  • 13 aite 2018
  • 13 bitf 2018
  • 14 Global Wellness Summit 2018
  • 14 SATTE 2019
  • 14 traveltechme 2018
  • 18 hospitalityqatar 18
  • 18 Hotel Management Asia Summit 2018
  • 20 CITE_TTW 2018
  • 30 PATA


Get our toolbar!
Review www.travelandtourworld.com on alexa.com