News: No bargain holiday breaks expected for summer 2016

No bargain holiday breaks expected for summer 2016
Written by Inmo Investments - 13 Apr 2016

Just two months ago, Inmo Investmentsreported that preliminary booking figures for January 2016 showed a 27% year on year increase in the number of holidays being booked to Spanish destinations from the UK.

Many sun-seekers searching for sea and sand are rediscovering the traditional western Mediterranean holiday, with bookings to Spain continuing to gain momentum. The country is anticipating record tourist numbers after UK Foreign Office advice continues to keep some usually popular North African and Middle Eastern destinations strictly off-limits.

A spokesperson for the Association of British Travel Agents (ABTA) said that there had been a discernable transformation in expected booking patterns, and that bookings were being "funnelled into a smaller more limited area". Travel industry associations across northern Europe were reporting a comparable trend.

More than half a million extra people have booked their holidays to Spain or Portugal this year compared to 2015 according to the latest data available from Belgian travel research specialists GfK, who research data available from the major travel operators such as TUI, First Choice, and Thomas Cook.

Current data reveals that as of the first week in April, more than 40% of British holiday bookings were for travel to Spain. In sharp contrast bookings to the Egyptian peninsula were down 60%, with preliminary holiday bookings to Turkey also down by more than one third (35%).

With less choice, travel operators have been able to maintain high street prices, with average holiday booking prices to Spain showing a marginal increase - up £27 per person according to GfK. More than perhaps within the last decade, Spain is experiencing a boom in its´ popularity, making the chances of grabbing a bargain break in the sun this year rather slim.

Inmo Investments are an established Estate Agent in La Zenia, Spain. We offer a portfolio of beautiful homes for sale in Spain at bargain prices. Click here for our portfolio of Spanish property, or click here to learn more about our friendly team of Costa Blanca property professionals waiting to help you.


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