A strong pound (GBP) and low oil prices = good news for travellers in 2015, with some airlines set to slash the cost of flight tickets by 50% for spring and summer travel.  Escalating oil prices have been a real problem for airlines and cruise lines over the past 10 years, but now that oil prices are on a downward trend, we can all look forward to cheaper flight tickets and cut-price cruises in the coming months.

Between now and next summer, the average flight price is expected to fall by 5.1% compared to 2014, and in order to secure the very best price on our spring and summer breaks, many of us will be booking our 2015 holiday as early as Boxing Day.

IATA (International Air Transport Association) said that it believes that travellers will benefit ‘considerably’ from plummeting oil prices in 2015, and with the government set to scrap air passenger duty for children under the age of 12, families can expect to see reduced holiday prices in the new year too.

If you are looking for a cheap long-haul holiday this winter, Mexico, Florida and Dubai are all great choices, with return flights costing as little as £294.00 during the month of January.  Those looking for a short-haul break should consider Marrakech, Mallorca or Corfu, where you can get return flights from as little as £46 return with budget airlines such as Ryanair and EasyJet.

When it comes to value for money holiday destinations, you will get a lot more for your money in South Africa, where the current exchange rate is 18 Rand to 1 GBP, Vietnam where a beer costs 30p, a traditional lunch 60p, and a night in a hostel as little as £3.50, and Honduras, where you can enjoy the luxury of the Caribbean for less.