Tenerife And Lanzarote Holidays: Are Price Increases On The Horizon?

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Post on May 14, 2025

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Tenerife and Lanzarote Holidays: Are Price Increases on the Horizon?

The Canary Islands, renowned for their year-round sunshine, volcanic landscapes, and stunning beaches, have long been a favourite for British holidaymakers. But with the cost of living crisis still impacting many, the question on everyone's mind is: are Tenerife and Lanzarote holidays about to get more expensive? The short answer is complex, but indications suggest potential price hikes are on the cards.

Rising Fuel Costs and Inflation:

One of the biggest contributing factors is the ongoing inflationary pressure affecting the global economy. Rising fuel costs directly impact airfares, a significant component of holiday packages. Airlines are passing on these increased costs, leading to pricier flights to both Tenerife and Lanzarote. This isn't limited to flights; inflation also affects accommodation, excursions, and even the cost of food and drink within the resorts. Expect to see a ripple effect across all aspects of your holiday budget.

Increased Demand and Peak Season Pricing:

The Canary Islands remain incredibly popular, especially during peak season (typically October to April). High demand, coupled with limited capacity in some areas, often pushes prices upwards. Booking well in advance is crucial to securing the best deals, and even then, expect to pay a premium for travel during the most popular months. Consider travelling during the shoulder seasons (May-June and September-October) for potentially better value.

Accommodation Costs: Hotels vs. Self-Catering:

The type of accommodation you choose significantly impacts the overall cost. Luxury hotels in prime locations will inevitably command higher prices, whereas self-catering apartments or villas could offer better value, particularly for larger groups or families. Be sure to compare prices across different accommodation types to find the best option for your budget.

What Can You Do to Mitigate Costs?

• Book early: The earlier you book, the better chance you have of securing lower prices, particularly for flights and popular accommodations.
• Be flexible with your travel dates: Avoiding peak season can result in significant savings.
• Consider alternative airports: Flying from a smaller, less popular airport might offer cheaper flight options.
• Explore self-catering options: Preparing some of your own meals can dramatically reduce dining costs.
• Look for package deals: Reputable travel agents often offer competitive package deals that bundle flights and accommodation.
• Utilize price comparison websites: Use multiple websites to compare prices across different providers.

The Outlook:

While predicting the exact extent of price increases is difficult, it's highly likely that Tenerife and Lanzarote holidays will become more expensive in the coming months. However, by being proactive and strategic with your planning, you can still enjoy a fantastic holiday without breaking the bank. Careful research, flexible travel dates, and a willingness to explore different accommodation options are key to securing the best possible value. Don't let the potential price rises deter you – with careful planning, your dream Canary Islands getaway is still within reach.