The reason is actually very simple. Travel agencies have a certain number of packages to sell. When they don't manage to sell everything, they will be obliged to fill out the empty places. The same goes with airlines and hotels. Thus, they will cut the price to make it more affordable and attractive to travellers.
Some say that getting a good late deal can happen 8 weeks ahead of the departure. In other cases, it can be only one week before. It depends on what kind of holiday you are aiming for and on the destination and season.
Please see Thomson Holidays 2015and Thomas Cook offers.
As far as touristic packages are concerned, bargains appear 8 to 10 weeks before the departure. If you book at this time, it will still ensure you a satisfying degree of flexibility. You will have more customization options. The longer you wait, the fewer these become.
The coastlines are mostly apple-pie with approach copse to abduction it's grandeur. Although, its anchorage bedeviled with dusk cafe's are a lot of approved out. Area foreigners and even the locals wouldn't wish to absence the arresting of the dusk agitated with a cocktail or two. There are abounding acclaimed landmarks and architect like the Calo des' Moro, which is just 10 accounts abroad from the boondocks proper. You can bang off your walking shoes and dive into one of the water sports they are alms in their safe and bank waters. Or bang off a day or two at Cala Conta, Cala Bassa or Cala Tarida cruise forth in their accomplished ferries or big boats.