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The current system is far from perfect. I think it could be made a lot better by banning holiday and travel companies from upping their prices during holiday time. After all, the travel industry is the only one that raises it's prices according to demand. You don't pay more for a TV, computer or car at certain times of the year, why should you be expected to pay more for air travel or a hotel?
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The reason you don't tend to pay more for a TV at certain times of the year is that the supply of TV's isn't restricted at those times of year. If there was a sudden large spike in demand for TV's for some weird reason you'd find prices would go up just like prices of HDDs went up when there were supply problems in the Far East a few years ago. As for travel, it's common to pay more for the same travel during peak periods because the same supply/demand argument applies.
During holiday times there is far more demand for the same supply so prices will go up and if companies were prevented from doing I'd have thought they'd have to cover that by increasing their prices for other times of the year.