Prices rose but may be dropping back

By | Category: Travel tips & opinions

Price comparison and available deals site Icelolly said a few weeks’ ago that holiday prices had risen following the collapse of Thomas Cook.

However, it also said operators had promised to increase capacity ‘to limit further cost impacts’.

The site saw a 121% increase in visits in the day after Thomas Cook announced it was folding as customers sought alternative holidays. It said about 64% of these searches converted into bookings.

Spain was the most popular destination, with the number of searches up 174% on the previous day, while Greece searches were up 206%, Portugal rose 125%, Turkey was up 408% (accounting for one in five of all searches) and Egypt was up 325%. But Tunisia led the pack with an increase of 505%!
The America’s also rose up the search rankings, with Mexico increasing 258% and the 140%. India, Gambia, Cuba and the Dominican Republic all saw growth of over 200%.

Winter 2019 searches increased 141% while summer 2020 searches were up 98%. There seems to be a scramble to find holidays and it appears those automated algorithms are playing their part.

But those increases were spotted just after the Thomas Cook collapse. A month on and there is more capacity as other companies have moved in to fill the gap. That means prices will stabilise or even go down.

Talking to travel agents on Saturday (a terrible day with rain and wind and therefore a day that makes people think of sunny places) I got the impression that there was a more positive feel. With many people having been refunded their monies from Thomas Cook future bookings quicker than previously thought (one person I spoke to received their money within three weeks) the rush is now on to persuade us to book as soon as possible.

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