Summer holiday and travel savings are over 34% cheaper, as Uk tour Operators are being forced to heavily discount the price of peak season packages because they have been left with more unsold capacity than this time last year.
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For example, last year the average price paid for a family holiday to Paphos was £641 per person. This year, it is possible to find deals as low as £407.50 per person.
Research showed the biggest savings were in the Eastern Mediterranean, with Paphos in Cyprus seeing the greatest fall in prices followed by Crete, Zante and Turkey.
On average the price of a family holiday across the top 20 destinations for UK holidaymakers has fallen by 13.5 per cent,, representing a typical saving of £232.
“This means that there are thousands of family holidays being sold at much-reduced prices.
Interestingly, neither of the two biggest tour operators was prepared to state how much unsold capacity it had or whether it was offering deep discounts to shift distress stock.
Thomas Cook, which has a sale running until July 30, said only that it had been able to persuade hoteliers in popular euro holiday destinations such as Spain and Greece to cut their late prices and it was passing the savings on to customers.
