Brexit is surrounded in chaotic uncertainly – and the lack of political resolution concerning the UK’s departure from the European Union is driving down package holiday prices by a third, according to experts. Prime Minister Theresa May’s EU divorce deal has been rejected three times and, after applying for an Article 50 extension, she is liaising with leader of the opposition Jeremy Corbyn in an attempt to thrash out a solution. Should this fail, and the extension not be passed on Wednesday, the UK is set to leave the EU without a deal on April 12. Holiday comparison company TravelSupermarket, which has looked at more than 1 million package holiday price enquiries for this summer compared with last summer, has noted a huge drop in price.
After putting seven night departures between 1 May to 30 September under the spotlight, they have deemed they are currently a third less expensive, coming in at 38 per cent cheaper.
Emma Coulthurst, travel commentator for the holiday price comparison site, said: “It is a fact that Brexit is causing summer package holiday prices to Europe to drop.
“Some British holidaymakers say that they don’t want to book until they know the outcome of Brexit, while others say they want to avoid Europe altogether”.
Brexit has previously seen the pound to euro exchange rate plummet, as well as fears over the validity of passports.
The latter was somewhat allayed last week, when the EU confirmed Britons would not need visas to travel to EU countries.
Yet, with the possibility of a no deal Brexit still on the table, further travel worries remain.
Emma advised travellers to purchase travel insurance and added: “In a no deal scenario, your passport will need six months left on it as Brits will become third party nationals for visits to the Schengen area.
“Other no-deal essentials would include getting an International Driving Permit from the Post Office for £5.50 if you are driving abroad.
“Also, you’ll need a Green card from your card insurer if you’re driving your own car in Europe.
“Be aware of these things but then just go and enjoy your holiday. There is no reason why you shouldn’t”.
The survey found some of the lowest package price holidays, and the most significant drop in travel prices due to Brexit, came in the Spanish Costas.
These include trips to the Costa De La Luz, with a 38 per cent drop in the summer median package holiday price year on year, the Costa Brava, an eight per cent drop and the Costa Blanca with a 16 per cent fall in prices.
Some of the biggest year on year median price drops are for packages to the Algarve, at 20 per cent less, the Cote D’Azur at 32 per cent less and Mediterranean favourite Majorca at 15 per cent less.
Other places to search out a European package holiday price for less than last year, according to TravelSupermarket.com, include Sardinia, Corfu, Crete, Malta, Skiathos and Sicily.
Emma added: “It is not all about Brexit, though; there are a few other factors at play when it comes to Brits’ holiday choices.
“The return of British holidaymakers to Turkey and Tunisia and resorts such as Hurghada in Egypt has created a much more competitive holiday market compared with the last few years.”