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Central bankers slashed rates to their current emergency levels in the depths of the crisis.
Sandals Resorts and Beaches Resorts have also slashed rates by up to 65 percent.
Policymakers slashed rates during the downturn and they have been at a record low for more than six years.
If the Bank of England slashed rates to zero, the mortgage cost drops to £636 a month.
The Bank's move followed interest rate cuts by central banks in Asia and in Sweden, where the Riksbank slashed rates by 1.75%.
Down more than 200 points ahead of the Bank's decision on interest rates, it rebounded immediately on news that the Bank had slashed rates to 3%.
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That way, their competitors can't see how much they're slashing rates.
Last week, NatWest became the latest bank to slash rates: its cash Isa now pays just 0.01%.
BUT it's not just off-season destinations that are slashing rates.
Some organizations have resorted to slashing rates and offering free amenities to lure participants.
Hence the decision to slash rates on January 22nd, in response to a global sell-off.
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