TravelSupermarket has reported that family holiday prices have “stabilised”, increasing by “significantly less” over the last 12 months than the Consumer Price Index (CPI) rate of inflation.
The holiday price comparison website measured the year-on-year price changes for 20 of its most popular destinations, comparing rates for holidays in August 2024 with August 2023.
It said prices have increased on average by 1.57%. Meanwhile, the Consumer Price Index (CPI) inflation rate was 3.2% in the 12 months to March 2024.
TravelSupermarket said all-inclusive package holiday prices to the Antalya area in Turkey are down by 8% in 2024 – and prices to Rhodes are 5.49% lower this summer.
The destination showing the most significant fall is Costa Dorada, with package holiday prices for the Catalonian region down by 9.57%.
Other destinations proving cheaper for consumers in 2024 are Lanzarote (-2.27%), Egypt (-2.58%), Fuerteventura (-0.54%), Menorca (-0.58% ) and Malta (-1.08%).
Elsewhere, other destinations have seen prices rise, such as Costa Brava, where prices have increased by 8% in 2024 and Costa Del Sol, which is seeing average prices more than 16% higher than in 2023.
Destinations that have increased in price but remain below the CPI rate over the last 12 months include Mallorca (0.53%), Tenerife (2.6%), Crete (1.84%), Dalaman area (2.14%), Algarve (2.5%), Corfu (1.82%) and Kos (3.14%).
Gran Canaria (5.33%), Costa Blanca (6.42%) and Ibiza (6.5%) have all risen ahead of inflation this year.
Richard Singer, chief executive, said: “Our research is good news for British holidaymakers. On average holiday prices have so far increased by just 1.57% well below the ONS [Office for National Statistics] consumer price index for other household goods.”