Rhodes is among the destinations where all-inclusive package holiday prices for British travellers are down this summer, compared to summer 2023, TravelSupermarket reveals, finding that family holiday prices have “stabilised” as they have increased “significantly less” in the last 12 months than the Consumer Price Index (CPI) inflation rate. While, in three other Greek destinations, prices remain below the CPI rate.
The holiday price comparison website has measured annual price changes for 20 of the most popular destinations for British travellers, comparing holiday prices in August 2024 with those in August last year, and found that they have risen by an average of just 1.57%. Meanwhile, consumer price index (CPI) inflation was 3.2% in the 12 months to March 2024.
TravelSupermarket said that prices for all-inclusive package holidays in the Antalya region of Turkey are down 8% in 2024 and prices for Rhodes are 5.49% lower this summer.
The destination showing the most significant drop is Costa Dorada, with prices of package holidays for the Catalonia region down by 9.57%.
Other destinations proving cheaper for consumers in 2024 are Lanzarote (-2.27%), Egypt (-2.58%), Fuerteventura (-0.54%), Minorca (-0.58%) and Malta (-1.08%).
On the other hand, among the destinations where prices are increasing, Costa del Sol is in first place, with an increase of more than 16%, followed by Costa Brava with 8%.
Three Greek destinations are included in the destinations where prices have increased but remain below the CPI rate over the last 12 months. These are Kos (3.14%), Crete (1.84%) and Corfu (1.82%), while Mallorca (0.53%), Tenerife (2.6%), the Dalaman region (2.14%) and Algarve (2.5%) are also found in this category.
Prices in Gran Canaria (5.33%), Costa Blanca (6.42%) and Ibiza (6.5%) have risen above inflation this year.
Commenting on TravelSupermarket’s findings, the site’s chief executive, Richard Singer, said: “Our research is good news for British holidaymakers. On average, holiday prices have risen by just 1.57% so far, well below the ONS [Office for National Statistics] consumer price index for other household items.”
