By Chris Bradley
Thomas cook has announced that it is going to cut the prices of many of its summer packages. They have seen a drop in demand and are therefore hoping to tempt people to take a holiday by lower the cost for them.
This is great news for anyone planning a summer holiday that has not yet booked one. It will be well worth comparing a few different places in order to find out whether Thomas Cooks prices come up as competitive now that they have lowered theirs. Also if you thought a holiday would be just too expensive, then this could be a chance for you to find something that you might be able to afford.
The tour operator has also said that the Middle East unrest has cut in to their profits and they have already lost about £20 million due to people no longer wanting to take holidays in Egypt or Tunisia. Many people are not booking in advance, because of the way things are so unpredictable at the moment and they want to be sure that it is going to be safe to travel and that they will not be delayed, have to fly back early or just feel uneasy while they are there. It is possible that this could lead to a trend of more last minute bookings, especially with the natural disasters that have happened lately and disrupted travel as well. It will be interesting to see whether the industry changes or whether things will settle back to normal again once the protesting phases out.