Package holidays prices continued to increase in 2024

In July 2024, the consumer price of package holidays in the EU was 6.6% higher than in July 2023. The price of domestic holiday packages was up 11.1%, while international holiday packages saw a 5.7% increase.

The price of package holidays has been rising across the EU since August 2021. The annual rate of increase exceeded 10% in most months throughout 2022 and 2023. In particular, domestic package holidays saw a price surge in 2023, with the annual inflation rate surpassing 20% for 7 months in that year.

Source dataset: prc_hicp_manr

In July 2024, most EU countries reported a positive annual inflation rate for package holidays sold within their respective countries. The highest increases were recorded for the packages purchased in France (+22.2% compared with July 2023), Italy (+19.5%) and Cyprus (+16.7%).

In contrast, 3 EU countries reported a negative inflation rate for holiday packages: Malta (-2.9%), Finland (-2.7%) and Denmark (-0.2%).

Source dataset: prc_hicp_manr

For more information

• Thematic section on the harmonized indices of consumer prices
• Database on the harmonized indices of consumer prices
• Statistics 4 beginners workbook on inflation
• Inflation explained to kids

Methodological notes

• Package holidays (0960) include all-inclusive holidays or tours which provide for travel, food, accommodation, guides, etc. It also includes half-day and one-day excursion tours and pilgrimages. International holidays refer to holidays taking place in countries other than the country where the holidaymaker resides, while domestic holidays refer to holidays taking place within the holidaymaker’s residence country.
• The data presented in this article reflects the price change at the time of purchase for a specific product, package holidays, not the time of travel.

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