MoneySavingExpert.com homepage
Cutting your costs, fighting your corner
Founder, Martin Lewis · Editor-in-Chief, Marcus Herbert
Search bar closed.
MSE News

Warning over summer holiday price hikes

beach_palmtree
Guy Anker
Guy Anker
Deputy Editor & Head of Operations
22 September 2011

Britain's biggest holiday firm warned today that the price of a summer get-away will rise next year as it bears the brunt of higher fuel and accommodation costs.

Thomson and First Choice owner TUI Travel says it will pass a 5% increase in the cost of providing a package holiday on to customers.

The news signals more pain for consumers who are already going abroad less as a result of the weaker pound and the squeeze in disposable incomes.

Average TUI selling prices for next summer are up 10%, although this is partly because it has sold more specialised holidays, which tend to be more expensive.

Meanwhile, visitors to the London Olympics have been urged to book accommodation as soon as possible as prices are likely to soar.

A report by booking website Hotels.com shows prices for hotels during major sporting events tend to rise 30%. Costs tend to increase further as each event draws closer.

Alison Couper of Hotels.com says: "Prestige sporting events are one of the key drivers of hotel prices and can lead to double-digit percentage increases, as many rugby fans are finding at the moment.

"It is expected that several thousand additional hotel rooms will be available in the city in the run-up to the 2012 Olympics.

"Despite the extra capacity, we would urge people thinking of coming to the capital next summer to book their accommodation as soon as they can as the demand and prices are likely to soar the closer we get to the event."

MSE Forum

Holiday costs

Forum image
MSE Email icon 11 February 2025

For all the latest deals, guides and loopholes simply sign up today - it’s spam free!

Compare+ Home Insurance tool
Beat 19% price hikes
Stop overpaying on energy
Avoid 6% April rise
Cheap medical insurance
Our five must-knows
30+ AI tools
Save time & hassle
Beat Microsoft price hike
Costs to rise by up to £30
Top 5% savings
After the base rate cut
When will mortgages fall?
See lender-by-lender
Tools and calculators

Clever ways to calculate your finances

Find your odds of getting top cards
Find your odds for getting a cheap loan
Compare broadband, phone & TV deals
Compares thousands of mortgages
Eight calcs to help you work out the cost
We ensure you’re on the cheapest tariff