Favourite Destinations have the lowest holiday prices
For years British holidaymakers have enjoyed going to the Algarve and Spain for the fantastic beaches and reliable climates, and the good news is that prices in both have fallen dramatically in the last year.
prepaid cards on holidayIn spite of both Portugal and Spain being in the eurozone and the pound falling in value against the local currency, new research by the Post Office reveals that the 4.5% decrease in sterling has been countered by lower prices in resorts.
A basket of ten holiday items such as bottled water, sun cream and cigarettes were checked for prices by the Post Office Holiday Costs Barometer in various European resorts and the results were that the average cost was £46.34.
Albufeira in Portugal had the lowest prices of all followed by Torremolinos on Spain’s Costa del Sol and Javea on the Costa Blanca.
Andrew Brown of Post Office Travel Money said: “The pound may be worth less in Europe than a year ago but fierce competition means that lower prices in several of the resorts we surveyed can easily offset the falling value of sterling.”
The results suggest that the drop in prices in Spain of 20% and in the Algarve of 15% year on year were in part an effort to encourage British holidaymakers to continuing visiting the resorts.
“Taking some time to check out resort costs and add them to package prices to find the best overall deal will pay dividends this summer,” added Mr Brown.
The fourth most affordable destination was the Sunny Beach resort in Bulgaria, and Egypt also offers good value with prices in the popular Sharm el Sheikh falling to a point 17% lower than last year.
However, British holidaymakers feeling the pinch of continuing financial woes back home should think twice about visiting Italy, which had uniformly high prices as well as the most expensive resort in Europe, Sorrento.
Holidays don’t have to send your finances ten steps back. With some advance planning when it comes to booking flights and organising your travel money, you can drastically reduce the overall cost of your holiday.