Airlines have confirmed that they will increase prices on holiday flights and other travel products.
The airline industry said on Thursday that it would raise the prices on a range of popular travel products, including flights, hotels, cars and other essentials.
The airlines have confirmed they will be raising prices on travel products like hotels and cars.
In a statement, an airline spokesperson said it would “offer price reductions of up to 25% in the range of up for 25% on holiday fares, as well as discounts of up from 20% on non-holiday fares.”
In an attempt to avoid any disruption to the travel industry, the industry has been offering refunds for many of the products in a number of cases.
However, it has also warned travellers not to book travel in advance as many travel agencies are currently taking the decision to offer their own products to those who have not signed up to a plan.
For example, a travel agent at Booking.com said it will be offering free flights for those who sign up to the Travel Reservation programme, but it does not have a direct line of delivery for the products.
Other companies are also now offering discounts.
“The travel industry is facing a difficult period and we have been working closely with our partners to find ways to mitigate any impact on our business,” a spokesperson for Booking said.
A spokeswoman for Holidayrampers said it had not been able to comment at this stage.
This year, there has been a surge in travel cancellations.
More than 2.3 million flights were cancelled last year, the highest annual total in more than two decades.
The number of cancellations this year has risen by 70% compared with the same period last year.
Read more: How much is your holiday bill?