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Falling oil prices, the government’s scrapping of Air Passenger Duty for children and the strength of the pound looks set to cut the cost of travelling in 2015.

These factors have combined with a general upturn in consumer confidence to see more passengers heading abroad than ever before, according to ITC Luxury Travel.

The operator is in the process of refunding the APD to clients travelling with children after May 2015; a refund which increases with the distance of the flight.

Amendments to the banding of APD, which will take affect this year, will also benefit those travelling to the Caribbean in particular.

ITC Luxury Travel chief executive Jennifer Atkinson said: “The APD scrapping on child airfares has been a very welcome move for the travel industry.

“As parents will know, booking a family trip in school holidays can be expensive and the recent changes to the law, which now mean parents can be fined for taking their children out of education for a holiday, has added further pressure.

“However, we’re hoping that the government’s decision to scrap APD for children under 12 will give families a little helping hand when booking their annual vacations.

“Any savings made at an industry level means a saving we can pass on to our clients.

“And we know that, regardless of whether our clients are spending £2,000 or £200,000 on their holiday, they appreciat