BRITS will be able to jet abroad on holiday for as little as £150 for a week as travel firms slashed prices.
Bargain breaks to four and five-star resorts on the Mediterranean can be bagged after Europe’s coronavirus lockdown eased.
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Luxury 4* and 5* holidays could be snapped up for just £300 or less as the cost of European breaks was reduced by at least a quarter.
Airlines are set to boost flights in July to cope with a huge spike in demand.
Easyjet will put on 130 flights a day to and from UK airports from July 1.
Paul Charles, chief executive of the PC Agency, a travel consultancy, told The Times: “There’s enormous pent-up demand to get away.
“One of the reasons why overseas holidays will be so popular is that there simply isn’t enough supply in the UK.
“Many people who want a holiday this summer will have to look overseas.”
Price comparison site Travel Supermarket found an average 19 per cent cut to the Canary Islands, 17 per cent to Halkidiki in northern Greece and a 16 per cent price drop to the Dubrovnik coast in Croatia.
Under the traffic light system, “green” and “amber” nations will no longer require returning travellers to face a 14-day quarantine.
The Sun has learned the two colours cover every Europe nation — allowing sunseekers to fly off to favourite hotspots Spain, Greece and France.
The move unofficially signals an end to the idea of “air bridges” between our closest nations who already allow Brits in without quarantine.
The measures could come in on July 6 — two days after other lockdown limits are lifted, on “Super Saturday” July 4.
Officials are still working on final details. A government source said: “What we don’t want is people booking just yet while details are being worked out.”
Travel association ABTA hailed the news as “encouraging”.
A spokesman added: “Confirmation of the list of countries is eagerly anticipated by the travel industry, and should encourage customers to book.
“The blanket Foreign Office advice against all but essential travel is still a major impediment, and we look forward to the Government adopting a similar risk-based approach to that advice.”
The expected U-turn comes three weeks after the Government said all returning Brits, and visitors to the UK, must quarantine for 14 days.
Paul Charles, of pressure group Quash Quarantine, blasted government delays.
He said: “The reality is the Government has abandoned air bridges for this traffic-light system. This symbolises the made-up policy, lack of visibility and a lack of clarity which is hurting our industry every day. Why are decisions being pushed back further?
“It’s not giving the industry a chance to recover. July is ebbing away in terms of bookings, half the summer is gone, and the longer this goes on there will inevitably be more job losses.
“The travel industry is still flying through fog with this announcement and the visibility is simply not there.”
The traffic light system has been drawn up by the Joint Biosecurity Centre and Public Health England.
It is based on factors including the prevalence of the virus in a destination country, the UK Government’s confidence in the reliability of its data and the trajectory of the disease there.
Greece, Germany and Croatia are poised to make the “green” list, along with Barbados, Thailand and Vietnam.
France, Spain, Italy will be rated medium risk “amber”.
The Foreign Office will continue to advise against all non-essential travel to the red-light nations.
For all three lights, every passenger arriving in the UK will still have to fill out the “passenger locator form” to track any potential virus outbreaks.