O'Deary... "flight and hotel costs to rise"! Time to read our 'How to save' blog!
Following the news that airfares are set to rise next summer due to increased levels of demand, the CEO of Ryanair has urged customers to book their flights as early as possible.
During a recent interview with Michael O'Leary, CEO of Ryanair, has said that a rise in demand for holidays would coincide with fewer flights, which would lead to rising prices for consumers next summer.
O'Leary believes that this increase won't just be for flights, but also for hotels.
“I think there will be a dramatic recovery in holiday tourism within Europe next year. And the reason why I think prices will be dramatically higher is that there’s less capacity."
The CEO of Ryanair, Eddie Wilson, expanded on O'Leary's recent comments and discussed the future of the low-cost airline and the industry at large.
“Long haul travel isn't going to return in the way that it did previously, so people who previously went on holidays to Florida or southeast Asia are going to holiday in Europe next year. There are less airlines, there are less airline seats around, so generally speaking, in economic terms, if there's less of something then prices generally rise. I think you'll see this flowing through into hotels and into the sort of tourist hotspots as well. There'll be a lot of pent-up demand for next summer, and that will feed into higher prices."
But we have some great tips on how to still have that dream holiday that we all deserve without having to pay premium rates. Click over to our blog articles on how to save on flights and hotels and take that holiday you and the family crave.