TOURISTS heading to Spain next year can expect to see the cost of their holiday rise by up to 10 per cent.
That’s the warning from Thomas Cook chief exec Peter Fankhauser.
He told the BBC that holidaymakers were flocking back to Spain amid concerns over safety in other tourist hot-spots.
That coupled with the weak pound will lead to an increase in prices.
He said: “We’ve not enough beds for all the demand.”
This demand is causing hoteliers to “take a bit of an advantage” he added.
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The price of all holidays is set to rise next year.
The 2018 Global Travel Forecast found the cost of both flights and hotel rooms is set to rise by an average of 3.6 per cent due to rising oil prices and inflation.
In August the operator announced it was again selling holidays to Tunisia for the first time since the terrorist beach attack in Sousse in summer 2015 which killed 38 people.
Thirty Brits were killed at the resort of Port El Kantaoui by gunman Seifiddine Rezgui.
Mr Fankhauser added there were signs that people were also looking to places like Egypt and Turkey as destinations again.
He said they were “wonderful destinations” that offer great value for money”.
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