Monthly Holiday Price Index - August 2024

Every month, Cheeky Trip analyses millions of holiday deals and compares typical holiday prices for the month, with the same month in the previous year. In August, holiday prices fell again year-on-year for the fifth month running - but only slightly (-0.9%). So far this year, seven months out of eight have experienced holiday price decreases (prices rose slightly in March). The following table highlights the year-on-year price differences for the year to the end of August.  

Year on Year Price Comparison. Picture Credit: Cheekytrip

All Destinations August Yearly Price Comparison. Picture Credit: Cheekytrip

Short-haul holiday prices were quite flat (-0.2%), as were medium/long-haul holidays (-0.6%). 

Following a YOY price increase in July, holidays to Egypt continued the same trend (increasing by +13%) in August. However, the biggest YOY price rises could be seen with holidays to Portugal (+16%) and holidays to Cape Verde (+14%). Meanwhile, the biggest YOY price decreases came from Mainland Spain (-12%) and the Canary Islands (-8%).

Although prices for last-minute holidays departing in the next week were flat compared to August last year, holidays departing in a month fell by -4%. In contrast, deals for advanced bookings increased in price significantly (+10%).

Holiday Prices Departing in a Week Yearly Price Comparison. Picture Credit: Cheekytrip

Holiday Prices Departing in a Month Yearly Price Comparison. Picture Credit: Cheekytrip

Holiday Prices Departing in 6 Months Price Comparison. Picture Credit: Cheekytrip

“It is good to see Egypt starting to bounce back a little after a few months of flat prices, which followed months of heavy price drops - likely due to weakened demand due to the troubles in the Middle East,” says Steve Campion, Managing Director at Cheeky Trip. “Consumers can check Foreign Office Advice regarding any regions they have concerns about. And, as long as they follow that advice, they should be able to have a very safe holiday - and perhaps pick up a bargain in the process,” continues Steve.