Airlines concerned about uneasy year ahead for Tourism in The Canary Islands

Ryanair, Tui and Jet2 and are amongst those that have issued a warning about the effects of a possible recession in the UK and Germany that could affect tourism in the Canary Islands this coming year.

Accommodation prices and airport taxes in the Canary Islands have increased significantly recently, resulting in holidays to the archipelago becoming more expensive. Representatives from the three major airlines and holiday operators have aired concerns that these increases will significantly impact the holiday and tourism markets, the main economic driver on the islands.

Due to the diminishing spending power of families in the UK and Germany, the operators have called for a review of accommodation costs. In some circumstances hotel stays have increased by a huge 10%. Put into context, the average daily room rate in the Canary Islands for December 2023 was reported at 138 euros. Apartment rates averaged 86 euros.

The hotel operators have defended the price rices, insisting they are the result of supply and demand,

Despite the concerns for the future, the summer season in terms of bookings looks positive, however the effects of the diminished spending power may not be seen until the Winter 2024.

Are you visiting the soon? Check out some of the best things to do in the Canary Islands and reserve your places today.