Those booking flights to Spain may wish to consider travelling with low-fares airline Flybe, which has scooped yet another prestigious award.
Flybe, which offers flights to destinations such as Malaga and Murcia, has been named as the 2009 Regional Airline of the Year by US-based industry publication Air Transport World (ATW).
According to Flybe, this is the first time an ATW award has been won by a UK airline in the last seven years.
Welcoming the news, the airline's chairman and chief executive Jim French said: "This is a fantastic honour not just for Flybe but also for British aviation.
Budget airline Flybe has announced plans to extend its Book with Confidence redundancy cover insurance throughout the month of February.
Redundancy insurance is available free-of-charge and applies to bookings made during February for travel before March 24th.
The Book with Confidence scheme entitles passengers to a refund if they are made redundant and need to alter their travel plans.
Mike Rutter, the airline's chief commercial officer, commented: "We need to help keep passengers on the move during these difficult economic times when now more than ever people need to be able look forward to their annual holidays and book early with confidence.
Ryanair saw its passenger numbers increase in the third quarter of last year, despite the current economic downturn.
Speaking today (February 2nd), the airline said it experienced traffic growth of 13 per cent.
Despite an increase in passengers, the airline, which offers regular flights to Spain, saw losses of 71 per cent due to the high cost of fuel.
Announcing the results, Ryanair chief executive Michael O'Leary said: "The general economic environment remains extremely difficult, as the recession saps consumer confidence, but this is proving to be good for Ryanair's traffic growth, as more and more passengers switch to Ryanair's lowest fare lowest cost model.
Holidays in Spain and other destinations are viewed as essential, it has been claimed.
Speaking to the Times, Peter Long, chief executive of TUI Travel, said that although the economic situation is serious, Brits are not in a hurry to sacrifice their holidays.
"Our customers regard their holiday as essential," he told the newspaper. "It is clear they don't wish to forgo their main holidays.
Inflation in Spain has dropped to an all time low, it has been revealed.
According to the EU harmonised inflation index for Spain, the current rate of inflation stands at just 0.8 per cent.
A final figure confirming this will be released by the National Statistics Institute on February 15th, Typically Spanish reports.
Rumours were circulating earlier this week - and it has now been confirmed - that US rock legend Bruce Springsteen will perform in Benidorm later this year.
Springsteen, whose hits include Born to Run and Born in the USA, will perform on July 28th at Benidorm's football stadium.
His tour begins in California in April, the Benidorm Spotlight reports.
Tickets for the event are not yet on sale; however, with thousands of people set to take holidays in Spain this summer, demand is likely to be high.
Located in Murcia region of Spain, La Manga Club enjoys year-round sunshine and is easily accessible for holidaymakers travelling from the UK.
The resort is accessible for those flying into Murcia, Alicante and Malaga Airport, although the closest of these is Murcia's San Javier Airport, which is just a 20-minute drive away.
Alicante's El Altet is 120 kilometres from the resort and a one-hour drive away.
Flying to Spain has never been cheaper and with the economic downturn to contend with, budget airlines are slashing their fares to some of the lowest levels seen in years.
Holidaymakers will be spoilt for choice when it comes to dining in Murcia, with several top-class eateries located at La Manga Club, as well as dozens of restaurants in the surrounding area, offering delicious fresh produce.
The quality of seafood on offer in the region is second to none and holidaymakers will find tasty Mar Menor prawns, as well as grey mullet roe and delicious grilled pilchards.
Traditionally Spaniards enjoy their main meal at midday and enjoy a light meal late at night, typically between 9pm and midnight.
Holidaymakers will find fresh local produce on offer in most good restaurants, as well as locally produced fine wines, which include Jumilla and Yecla.
Spanish tourism chiefs are expecting demand for holidays in Spain to remain steady, as British families flock to the continent for some half-term sunshine.
Ignacio Vasallo, director of the Spanish Tourist Office, said that despite the economic downturn, mainland Spain and the Canary Islands will remain popular, with visitors looking for excellent attractions and guaranteed sunshine.
"There is also the recent cold snap to consider - following as it did a poor UK summer - people will still be looking to make up for lost sunshine," he explained.
Speaking recently, Independent travel expert Simon Calder said there are some excellent deals to be had on holidays in Spain, with many airlines reducing their fares considerably.
It looks as though the majority of Brits will still be taking holidays in Spain and other destinations, despite the economic downturn.
A recent study undertaken by Club Med found that eight in ten Britons consider holidays as one of their "most important" luxuries.
Almost half of those surveyed said they intend to take one or two holidays in 2009.
The findings clearly suggest that Brits are unwilling to sacrifice their hard-earned holidays.