36 million Italians are expected to take holidays in summer 2026, with a strong preference for domestic destinations due to international conflicts and rising costs. The average vacation will last around 10 days, with the sea being the most popular destination.
Booking a 7-night summer holiday in Italy for mid-August now costs an average of €2,025 for a family of four, a 12.6% increase from last year. Ferry prices are up 10.9% due to rising fuel costs, while airfare for international destinations has dropped by 23%. Consumer association Assoutenti warns of potential price gouging by operators.
The Middle East conflict is significantly altering Italian summer vacation plans. Domestic travel costs have risen due to increased demand and limited availability, while international airfares have dropped sharply as fewer Italians opt for foreign destinations. Assoutenti warns of potential price gouging by the tourism sector.
Turkish tourism sees an unusual surge as families book holidays before schools close on June 26, 2026, to avoid up to 50% price hikes. This shift prioritizes cost savings over school attendance for many families.
A survey by Ipsos for Allianz Partners reveals a shift towards domestic travel for summer holidays, with 41% of Italians and 42% globally preferring local destinations due to economic and geopolitical tensions. Travelers are adapting by choosing closer locations and prioritizing experience-driven trips.
Keir Starmer has written to TNT Sports requesting they make the upcoming Champions League final free to view for UK fans. The Labour leader cited the importance of the competition and the need for 'hard-working people' not to pay for subscriptions to watch major sporting events.
Restaurateurs have criticized a temporary VAT cut on children's meals as a "soundbite" that will have little impact on families or businesses, arguing for broader VAT reductions to address rising costs in the hospitality sector.
UK Finance Minister Rachel Reeves plans to lower living costs for consumers during the summer holidays by reducing import duties on supermarket products and offering free bus travel for children. These measures aim to offset price increases triggered by the Iran war and boost the summer economy, while also addressing political challenges for Prime Minister Keir Starmer.
Jet fuel prices have surged over 120% since the start of the Middle East conflict, rising from $831 per tonne in late February to $1,838 in early April. With the Strait of Hormuz blocked for eight weeks, Europe faces potential physical shortages by June as reserves drop to critical levels. The UK, Europe's biggest jet fuel consumer, is particularly vulnerable with 65% of supplies imported and only four refineries remaining. Airlines including Lufthansa have already cut 20,000 flights, while fares on long-haul routes have jumped significantly - London to Melbourne is now 76% more expensive than last year.
UK airlines will be permitted to cancel or consolidate flights this summer under new government plans to conserve jet fuel amid ongoing Middle East disruptions. The legislation, announced Sunday, allows airlines to return allocated airport slots without losing them for the following season, enabling advance cancellations of underperforming routes. Flights must be cancelled at least two weeks in advance. The UK imports about 65% of its jet fuel, much from the Middle East, with the Strait of Hormuz closed since early March and some calculations showing just weeks of European supplies remaining.
British travellers heading to the EU face new border procedures with the Entry/Exit System (EES), which requires biometric data collection. The rollout is facing technical difficulties in several member states.
Prices for diamonds weighing from 0.5 to 0.7 carats fell due to tariff policy adjustments, and the desire to complete sales before the beginning of summer holidays, Rapaport said
