Date: |
14 October 2010 |
On behalf of: |
Travelzest plc (‘Travelzest’ or ‘the Group’) |
For immediate release |
Travelzest plc
- Caribbean Sun Seekers bask in lower prices again this Winter for all inclusive vacations
TORONTO: Following the Conference Board of Canada’s report on the average price of all-inclusive package vacations to the Caribbean, itravel2000, a Travelzest plc (AIM:TVZ) company, has recorded a continued fall in prices for Caribbean vacations. The recorded fall follows a pattern that started with the financial crisis two years ago. Many industry observers expected that prices would recover this year, however this does not seem to be happening.
With continued surplus availability of airline seats to the Caribbean and the ongoing competitiveness between tour operators, consumers looking to travel this winter are seeing lower prices for package vacations being promoted by suppliers much earlier in the season than normal. itravel2000 is seeing savvy Canadian consumers seizing on this trend and snapping up package vacations at these lower prices.
One glance at itravel2000’s Best Price Calendar shows that you can go to a 4 star resort in Cuba for between $257 and $385 in November. This year Cuba has the lowest package prices, followed by the Dominican Republic and Mexico. While prices for Jamaica, which is more expensive than the traditional big 3 Caribbean destinations, have reduced the most compared to last year. Shoppers who procrastinate are likely to discover that the best resorts are sold out or are selling at higher prices in the coming months.
Commenting on the market Jonathan Carroll, CEO of Travelzest, said “Canadian travellers are making the most of this competitive market and at itravel2000 we add insurance against falling prices with the Price Drop Protection deal, one of the many ways we try and secure the best value for our customers.”
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About itravel2000
itravel2000.com a leading travel retailer in Canada was a pioneer of online travel and has over 100 travel agents. itravel2000 provides customers more travel options than any other Canadian travel retailer through a full product suite for vacation packages, cruises, airline tickets, hotel rooms, and rental cars. To see how we’re fighting to save you money, visit www.itravel2000.com.
About Travelzest
Travelzest plc (AIM:TVZ) is a dynamic travel group, with a collection of online travel retailers and specialized merchant operators, with operations in over five countries in Europe and North America. Included in the Travelzest family are holiday.co.uk, flight.co.uk, travelzest.com, itravel2000.com, The Cruise Professionals, Best of Morocco, VFB Holidays, Peng Travel, Faraway Holidays, The Malaysia Experience, Tapestry Collection, The Wow House, Captivating Cuba, JMB Travel, and Fair's Fare. Travelzest is traded on London's AIM Exchange under the symbol TVZ.
