Latest figures reported by The Independent state that Travel operators are increasing their prices on summer holidays by about 40 per cent. This might mean that the average cost of a Mediterranean break for a family during this year will go up by up to £500.
Thousands of UK holidaymakers are finding the traditional week abroad by the sea out of reach due to rising prices at "bargain basement� destinations including Egypt and Turkey and the lower exchange rate of the pound against several currencies.
In addition, several major travel companies including TUI and Thomas Cook have cut the number of their portfolio of holidays by at least two million of their 13 million package holidays as part of their efforts to enhance their profit margins and improve stability.
Co-operative Travel, the largest independent travel agent in Britain has stated that the cost of a holiday abroad for a family consisting of two adults and one child has gone up in 2009 to £1,742 from £1,466 reported in 2008, which is up by about 18.8 per cent. In fact, the cost of some holidays has soared up in cost, such as a holiday to Ibiza, which has gone up by 25 per cent, from £1,116 to £1,400. A break to Bodrum in Turkey has increased by 40 per cent, from £1,095 to £1,538.
