Why you should book your summer holiday to Spain and Greece NOW

BRITISH holidaymakers have been caught up in the Iran crisis, with thousands stranded abroad and even more fearing for their upcoming trips.

But if you haven’t booked your holiday yet, should you be doing it now to avoid any price hikes?

Due to the ongoing US-Iran conflict, the cost of jet fuel has spiked, with airline fares already spiking in response.

Before the attack, prices were around $90 (£67) per barrel.

However, this has now jumped to as much as $200 (£149) per barrel – the highest prices since Russia invaded Ukraine in 2022.

Jet fuel makes up about a quarter of the cost of airline operations, according to the IATA.

BILLS BLOW

Cost of food shops, fuel & holidays will soar due to Iran war, experts warn

HOL-D ON

Brits are cancelling holidays to Cyprus despite it being on the safe travel list

In response, airlines such as Qantas, Scandinavia’s SAS and Air New Zealand have all raised flight prices already.

Some airlines such as Ryanair, easyJet, British Airways and Virgin Atlantic, are less affected as they have secured some of their fuel at fixed prices for a set amount of time – called hedging.

Ryanair boss Michael O’Leary said the rise in jet fuel “won’t affect our costs and it won’t affect ​our low fares,” something easyJet also echoed.

But flights elsewhere are likely to go up in the next year or so, as the conflict continues.

Most airlines in America do not protect themselves against jet fuel price increases, meaning Brits are likely to see more expensive transatlantic fares.

According to research from Skift this could cost US airlines as much as $24billion in extra fuel costs – working out to 11 per cent increases on flights.

Not only that, but the closure of the Strait of Hormuz – one of the world’s most important shipping routes – is also having a knock-on affect and could lead to shortages.

James Noel-Beswick, head of commodities at market intelligence firm Sparta Commodities, told the BBC that it was very likely” that prices will increase this summer.

He added: “I think we’re weeks away from maybe flight cancellations or delays due to lack of jet fuel, rather than months.”

So, what can Brit holidaymakers do?

If you were planning on booking a package holiday, many tour operators allow you to lock in a cheap price, and simply pay a deposit, with the full balance coming later.

Jet2 allows you to book a holiday with a £60pp deposit while TUI has a number of £0 deposit schemes.

Loveholidays has deposits from £19pp, as well as a “Best Price Promise” that refunds the difference if your holiday is cheaper within seven days of booking, plus an extra £5 per person.

Destinations like Spain – already one of the most popular holiday destinations for Brits – are likely to see even more demand this year along with Greece due to being seen as ‘safer’ holiday destinations.

This means you might see a jump in price more than usual as well.

Other popular destinations like Cyprus is already seeing some booking cancellations after a drone attack on an RAF base on the island.

Hoteliers have said cancellations are affecting holidays in March and April – this is despite Cyprus remaining on the safe travel list.

Dubai is still on the “only essential travel” list so holidays to the UAE city are currently suspended, along with Jordan also on the travel ban list.

Even destinations like Egypt and Turkey are being affected, with a number of Sun readers concerned about holidays to both.

The Sun’s Head of Travel on which holiday destinations to go to instead this year

The Sun’s Head of Travel Lisa Minot, explains: “There’s no doubt the current crisis in the Middle East is going to have a seismic impact on our holiday habits.

“Reports of travellers stranded in the UAE and across the globe will certainly prompt those looking to travel long haul to look at alternative ways to fly – with direct flights to places like Thailand, the Maldives and Japan sure to be very popular.

“Closer to home, the situation will sadly likely impact destinations like Turkey, Egypt, Cyprus and possibly even Greece.

“And with soaring fuel costs, tour operators will be looking to price alternative destinations competitively. 

“But there are other options – our traditional resorts in places like Spain and Portugal are good, safe bets.

“Comparison giant TravelSupermarket has crunched the numbers for this summer and declared Spain’s Costa Calida one of the best-value destinations for this summer. 

“Dubbed the ‘warm coast’, this region stretching along the south eastern region of Murcia is one of Spain’s most underrated coastlines with 150miles of beaches, crystal clear waters and the unique Mar Menor lagoon, Europe’s largest saltwater lake.

“Also worth exploring arethe likes of Montenegro, Albania and even North Macedonia for cheaper hotel and restaurant costs as well as traditional favourite Bulgaria.

Both countries have not been affected by the Iran crisis and the tourist resorts remain safe to travel to.

Long haul holiday destinations are likely to see a spike in prices too, as Brits try to avoid booking connecting flights that go via Dubai, Doha and Abu Dhabi.

Some popular countries include Thailand, Vietnam, the Maldives and Bali, all of which usually fly via the Middle East.

There are alternative stopover destinations, usually via Turkey, Singapore or Hong Kong – but the soaring demand is likely to see these cost more this year too.

And with longer flight times? More jet fuel, so even more costs being passed on.

Here are five lesser visited coastal resorts to visit this year.

And here is another lesser known European city that is a bargain weekend trip.