It's actually quite an interesting idea. However I'd be surprised if this will happen just yet...
When the airlines can no longer afford cheap seats then yes, it will hit.
However the balance to this has to be the sudden, sharp rising unemployment? Can you imagine Camping sites full of the sort of people who like to go to magaloof?
Just a thought.
------------- A man may fight for many things. His country, his friends, his principles, the glistening tear on the cheek of a golden child. But personally, I'd mud-wrestle my own mother for a ton of cash, an amusing clock and a sack of French porn.