Maltese consumers are enjoying the most favourable conditions in the European Union when it comes to purchasing holiday packages, according to the latest data released by Eurostat. In July 2024, Malta reported a negative annual inflation rate of -2.9 per cent for holiday packages sold within the country—the lowest among all EU member states.
While most EU countries experienced rising prices for holiday packages sold domestically, with significant increases recorded in France (+22.2 per cent compared to July 2023), Italy (+19.5 per cent), and Cyprus (+16.7 per cent), Malta stands out by offering more affordable travel options to its residents. Finland and Denmark were the only other EU countries to report negative inflation rates for holiday packages, at -2.7 per cent and -0.2 per cent respectively.
This decrease in holiday package prices means that Maltese tourists are benefiting from lower costs when booking vacations, whether they’re planning trips abroad or exploring local destinations. This provides Maltese tourists with more purchasing power and the chance to make the most of their holiday plans without the added financial burden that many others in the EU are experiencing.
Government launches updated Micro Invest scheme with support tied to employee wage increases
The revised scheme will support small businesses, self-employed individuals and, for the first time, social enterprises
Commercial vessels ‘must never become targets of violence’ – Malta International Shipowners’ Association
The association asserted that freedom of navigation and transit passage through international straits are fundamental principles protected under international law
Labour pledges 175% tax credit for research and innovation investments
PL proposes 60% tax credit on digital investment