Family holiday prices ‘stabilising’ despite ongoing economic uncertainty

Destinations

James Chapple

18 April 2024

Holiday prices have stabilised over the past 12 months, increasing by only around half the average rate of inflation over the past year despite ongoing inflationary pressures and global economic uncertainty.

Spain's Costa Dorada (pictured: Salou) saw the biggest year-on-year fall in holiday prices (Credit: iStock)

TravelSupermarket measured year-on-year price changes for holidays in August 2024 versus August 2023 in 20 of its most popular destinations, including the Canaries, the Balearics, mainland Spain, Greece, Turkey and Portugal, with Spain seeing some of the biggest falls – and jumps.

Its study revealed prices have increased by 1.57% on average – 1.63% lower than the average rate of inflation in the 12 months to the end of March 2024. It comes after the Office for National Statistics on Wednesday (17 April) confirmed the Consumer Price Index (CPI) has now fallen to 3.2% over the same period.

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