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The Canary Islands in Spain were added back to the travel corridor list last week. The move was welcomed by Britons, opening up new half term holiday destinations for Britons. Now, prices for holidays from the UK to the Canaries have dropped, according to the latest data from TravelSupermarket.
According to pricing analysis of thousands of package holidays searched by holidaymakers between October 13 and October 27, the average price of a winter holiday from the UK to the Canaries has fallen by as much as third year on year.
Despite being added back to the travel corridor list, the industry is struggling due to suppressed traveller demand.
The average price of a seven-night package holiday between November 1 and December 31 to Fuerteventura has dropped by 33 percent.
Average prices have also dropped to Tenerife by 27 percent, to Lanzarote by 24 percent and Gran Canaria by percent.
The data from the holiday price comparison site is across the outbound travel market from a large range of providers including Jet2, TUI, Broadway Travel and Blue Sea Holidays.
Other destinations which have seen prices drop between November and December include Cyprus, Crete and Madeira.
The Canary Islands are usually a popular winter sun destination as they have one of the best climates in winter and are in close proximity to the UK.
Temperatures often peak to highs of 23C in November and 21C in December.
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As a result of the island’s new place on the travel corridor list, Tenerife is again, like last year, the most popular destination to escape to from the UK for a November or December break.
This time last year, Lanzarote, which is in third place this year, was the only other Canary Island in the top ten preferred overseas holiday destinations for a break between now and the end of the year.
This year, Fuerteventura and Gran Canaria are also in the top ten.
Emma Coulthurst, travel commentator from TravelSupermarket explained that people are willing to pay more for holiday away in the autumn or winter to escape the British winter.
She continued: “Despite significant increased demand for holidays to the Canaries on the back of last week’s announcement, a lot of the travel industry is reporting that traveller numbers are less than half where they would be normally.
“A lot of competition in the market for business means you can find a seven-night package holiday from the UK to Tenerife starting from under £150 per person at the moment.”
She added: “The hard-hit industry is probably hoping that it won’t have to cut prices to long-haul destinations like the Maldives, where holidaymakers are prepared to pay for luxury and remoteness and limited occupancy.
“Holiday providers will be hoping that the high-end isolated island experience and spaced-out accommodation and outdoor eating opportunities, which make it easy to socially distance, will be enough to encourage bookings and keep prices static.”
In the last fortnight, for departures between November 1 and December 31, Britons are mainly choosing destinations on the travel corridor list.
Compared with last year, the rankings are mainly for destinations in the Canary Islands and Greece.
Last year, New York, Malta, Krakow and Amsterdam were all included.
This is where people are searching for holidays now:
- Gran Canaria
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