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Package holiday prices rising faster than inflation, data finds

Air
Will Payne
30 June 2023

The price of a package holiday is rising faster than the current rate of inflation in the UK, according to new data.

In March, 12 out of 14 UK sectors monitored by the tracker reported output growth, up from 10 in February

TravelSupermarket data for a report on holiday costs revealed prices to popular destinations have risen in 2023, but so has interest in overseas travel.

The overall cost of holidays between 2022 and 2023 in the top five destinations has risen by nearly 12%, from £880.01 last August to £984.52 this year.

According to the Office for National Statistics (ONS), the CPIH All Goods Index rose by 9.7% in the 12 months to May 2023, down from 10% in April.

The average price for a package holiday to Spain in 2023 is £925.83, which is nearly 15% higher than last year’s average of £807.94.