30% more expensive holiday packages in Greece for the British in 2023

One-week package holidays to Greece are 30% more expensive in 2023 compared to 2022 for British tourists, according to UK consumer association Which?’s annual survey, sourced from the TravelSupermarket platform.

With this percentage, our country records the highest increase among the six main destinations for British summer holidays, which is monitored by Which?, namely Spain, Greece, Portugal, Italy, Turkey and Cyprus.

Package holiday prices have risen on average by up to 19% year-on-year, with Greece seeing the highest increases and Portugal the smallest.

Flights to popular British destinations, moreover, have risen by up to 71% this year compared to 2022, while hotel prices have risen above inflation.

  • TravelSupermarket is the UK’s leading price comparison platform for package holidays. The platform compares thousands of individual holiday packages from more than 20 leading travel companies to enable the consumer to make the best travel choices, saving valuable time and money. TravelSupermarket also compares prices for car hire, flights, hotels, cruises and holiday extras – including travel insurance, airport parking and car hire insurance.

The research

The research compared the average cost of a package holiday across the six popular destinations and found that travelers are paying almost a fifth more on average compared to last year. Getaways to Greece have risen further: a 7-night holiday this summer costs an average of £867 per person – £200 more than last year.

easyJet Holidays says in the survey that cost pressures in many areas will sooner or later have to be passed on to customers. So those who book now will avoid further increases in flights and accommodation, which are expected within the next six months.

Spain is still the cheapest destination overall – despite being 20% ​​more expensive than last summer – with a week’s holiday costing £693 on average. Portugal is also a good choice for 2023 as prices have only increased by 7%.

In detail the price increases for a 7-night package holiday in 6 destinations in 2023, compared to 2022, are:

Greece 30% (average price 867 pounds

Italy 23% (average price £758)

Turkey 21% (average price £800)

Spain 20% (average price £693)

Cyprus 15% (average price 809 pounds)

Portugal 7% (average price £705)

Airfare is rising

Flight prices fell during the pandemic, but fares began to rise in 2022 as passengers returned to the skies. Average airfares for Brits this coming Easter to Spain, Italy, France, Greece and the US have risen by 51% compared to 2022, according to figures provided by airfare analyst Skytra.

Fares to both Italy and Greece have increased by 71%, while flights to France and Spain have increased by 45% and 38% respectively. US flight prices rose by almost a third, making the average price of an Easter flight over £350 more expensive – £1,527. In total, 63 of the 69 routes checked by Which? have gone up since last year. 

High demand isn’t the only reason airfares have skyrocketed. Jet fuel prices have risen along with oil prices. Last year easyJet, Ryanair and British Airways hedged against oil price fluctuations by hedging their fuel costs (by “hedging” by buying futures contracts at a fixed price). This earned the UK’s biggest airlines more than a billion pounds This year, however, they may have to raise fares or add a fuel surcharge if oil prices do not fall in 2023.

High prices in hotels too

A hotel stay this Easter will also cost more than last year. Room rates are rising by almost a fifth in the UK. Hoteliers face rising energy and food costs, while having to pay higher wages due to staff shortages. A night’s stay in a three- or four-star hotel this Easter is £119 on average – compared to £100 last year, according to figures provided by comparison website Kayak.

A hotel stay this Easter will also cost more than last year. Room rates are rising by almost a fifth in the UK. Hoteliers face rising energy and food costs, as well as having to pay higher wages due to staff shortages. A night’s stay in a three- or four-star hotel this Easter is £119 on average – compared to £100 last year, according to figures provided by comparison website Kayak.

In Europe, the average price is also £119 – 10% higher than last year. Room prices in long-haul destinations have risen the most: travelers now pay £170 on average – up from £138 in Easter 2022.

The search for flights and hotels

Which? compared the average price of direct flights to 15 popular destinations in Spain, France, Italy, Greece and the US from six of the UK’s busiest airports. Airfare analyst Skytra has given the average price of air fares three months before Easter 2022 and 2023. Each price is the average of the fares of outbound and inbound flights. Median increases are used to summarize the “average” price change.

Comparison website Kayak provided average hotel prices for one night in a double room at 3- and 4-star hotels over Easter. Ice Travel Group, parent company of Travelsupermarket.com, provided average package prices for holidays between 1 July and 31 October each year. Collected over 13,000 prices for holiday packages from Jet2holidays and Tui in October 2022.

source- tornosnews.fr

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