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Price hikes affecting trade disproportionately, agents reveal

High street
Will Payne
16 September 2022

The rising cost of holidays could deter a resurgence in holiday bookings this winter as customers look to save money amid the cost of living crisis, agents have warned, although the impact appears mixed based on location and means.

Helping the high street – 5/10

Travel agencies hope their peaks business will ramp up on 11 and 12 January (Credit: iStock)

Speaking to TTG, Idle Travel director Tony Mann said despite his agency’s sales continuing to increase, he was concerned the price hikes could put some customers off booking in the short-term.

"I’ve been aware when posting our Facebook marketing that we’re advertising holidays which are much more expensive than they used to be, and that it could put customers off," he said

"Prices were so cheap during Covid when people were travelling sporadically, so it has been a shock to people to see prices rise so steeply. In the past, travel has been too cheap, and I do think that kind of cheap budget holiday has disappeared because of the pandemic."