BRITS traveling abroad are grappling with staggering price hikes on vacation packages in six of Europe’s most popular hostpots.
Data from the Office for National Statistics showed airfares rose 44 percent last year, with holiday deals also increasing.
The UK statistics giant said airlines have capitalized on pent-up demand for holiday travel.
The increased prices were also caused by a reduction in the number of flights operated and the rising cost of jet fuel.
But those claims were followed by consumer watchdog, which?, which found that vacation package prices rose 19 percent year-on-year as operators faced mounting costs.
The consumer group compared prices in the six most popular holiday destinations – Spain, Greece, Portugal, Italy, Turkey and Cyprus.
According to which? Greece had the strongest price increases, with a week’s holiday costing an average of 30 percent more than last year.
For one person, the average price this summer was £867 per person.
Prices have also risen by a fifth in Italy, Spain and Turkey.
Portugal’s holiday tariffs were less affected as the cost of a week’s holiday rose by 7 per cent to an average of £705 per person.
But it was Spain that had the cheapest short breaks, with a week package costing £693 per person.
Which one? used data from Travelsupermarket.com and monitored summer 2023 holiday prices between November 1st and January 3rd before comparing them to 2022 prices at the same destinations.
Industry heavyweights also spoke up and forecast price increases for the future.
Ryanair Chief Executive Michael O’Leary has said the £9.99 seat era will not return “for the next year or two” because of high oil prices.
He said: “There’s a lot of spending out there.
“We have two weeks of record bookings behind us after Christmas.
“People are concerned that prices may go up in the summer, which I think they will, and want to get in early.”
Bookings for UK departures have increased by 50 per cent this year compared to the same period in 2019, according to Skyscanner, the world’s largest flight comparison platform.
Laura Lindsay, trends expert at Skyscanner, told The Times: “We are seeing demand for holidays into 2023 is extremely high, with bookings in the first and second weeks of January exceeding the volume of the corresponding week in 2019.
“This huge surge of interest shows that travelers enjoy making plans and continue to make up for lost time.”