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Cost of holidays falls
The cost of holidays fell last year, with long-haul holidays offering the best bargains, according to CTTG.
Statistics released by the independent group of more than 600 agencies show the cost of a holiday (regardless of holiday length) to the top five selling long-haul destinations fell in 2004 to £915 from £938 the previous year. These top five destinations were Orlando, Dominican Republic, Canada, Cancun and Cuba.
In addition, while the cost of a holiday to its top five short-haul destinations (Palma Majorca, Cyprus, Portugal, Ibiza and Tenerife) rose slightly in 2004 tob £431 from £411 the previous year, it rose less than holiday and retail prices in general.
“These statistics show the pressure holiday companies are under to deliver value for customers in a highly competitive marketplace,” said CTTG chief operating officer Mike Greenacre.
Holidaymakers wanting to take a week-long package holiday in Europe this year can expect to pay £371 per person, according to CTTG. However, the company is urging the public, when budgeting for a holiday, to take into account the savings of not being at home, such as transport, utilities and groceries.
If these cost savings are taken into account, the CTTG suggests the average holidaymaker can add £133 to their holiday budget, with the more extravagant top 10% of earners in the UK adding up to £222 to their budget.
Report by Ginny McGrath
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