Foreign exchange specialist FairFX claims Britons are being ripped off by airlines and holiday firms when they book half-term holidays. FairFX commissioned a study which found holidays and flights over the half-term holidays in the UK are three times dearer than the average.
FairFX’s researchers balanced the costs of a week’s package break in Barbados for a family of four the week before the February half-term and a week later. The price shot up from £3,000 for the first week to almost £10,000 for the second.
Flights followed the same upward trajectory between the two weeks. The highest price spike FairFX found was a nearly tenfold increase in the cost of a Nottingham to Venice return flight. These jumped from a rock bottom price of £43 to £406 during the half-term break.
FairFX compared fares for a total 120 round-trip flights from eight UK airports. Other major price hikes the team uncovered were a £75 to £397 hike for a Manchester to Fuerteventura return flight and a more than 600 per cent rise of £52 to £324 for a Bristol to Lyon round trip.
Commenting on the disparities, FairFX CEO Ian Strafford-Taylor said travel and holiday providers were bound to add on surcharges at peak holiday times. He continued by saying that price hikes up to nine times higher than the base price were just disgusting.
Strafford-Taylor noted that half-term holidays were a real burden for families and it was obvious why parents chose to take their children out of school during term-time. He finished off by saying overpricing at peak holiday times was something which really needed sorting out.