Travel experts are cautioning that the cost of vacations may increase if the conflict in the Middle East persists. The Foreign Office is advising against non-essential travel to several Middle Eastern countries, resulting in numerous flight cancellations. Experts suggest that traveling to other destinations could also become pricier due to escalating jet fuel prices and a surge in demand for safer alternatives.
According to reports from the BBC, the price of north-west European jet fuel has soared to $1,500 per tonne from $830 per tonne before the air strikes on Iran. The impact on holiday costs will depend on the duration of the Middle East conflict.
Independent travel expert Jane Hawkes highlighted that the conflict could affect holiday prices even in unrelated destinations. She explained that rising oil prices lead to increased operating costs for airlines, ultimately affecting flight prices. Moreover, if travelers avoid certain regions due to safety concerns, demand may shift towards perceived stable destinations, causing prices to rise in those areas.
Andrea Platania from Transfeero mentioned that rerouting flights from the Middle East could contribute to higher prices. Longer flight routes consume more fuel, and with jet fuel prices on the rise, airlines are likely to pass on some of these costs to passengers through increased ticket prices. The costs of accommodations, rentals, and activities may also be impacted by heightened demand and potential fuel price hikes.
The RAC reported an increase in petrol prices to 136p per litre and diesel prices to 147p per litre. Platania emphasized that while ‘safe’ destination hotels have not seen significant shifts yet, elevated transportation costs and cautious booking behavior from travelers could lead to higher room rates and travel package costs in the near term. Increased demand for non-conflict zones, combined with limited flight availability, may also drive up local prices.
Richard Young, the CEO of selfcatering.co.uk, noted that the prices of staycations might rise as travelers opt for safer options amidst global uncertainty. He observed a trend where self-catering breaks gain popularity during periods of travel disruptions and fuel price spikes, providing families with a getaway that is more secure and cost-effective. Certain domestic destinations like Yorkshire Dales, Norfolk, Northumberland, Devon, Cotswolds, Lake District, and Highland hot spots are expected to see increased interest as travelers seek alternative holiday experiences.
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