To this end, new research has suggested Poland could be a good option for those of us who are after a relatively affordable touch of luxury this year.
Figures released by Hotels.com show that the eastern European country offers the best-value five-star accommodation at present.
The site said top-end hotels in Warsaw, the country's capital city, only cost £84 a night last year on average. Marrakech in Morocco came second in the affordability list, with a nightly price of £90.
Hotels.com chief marketing officer Nigel Pocklington said: "Britons looking for a taste of the high life but working to a budget don't have to travel far to find some great deals.
"Eastern European capitals in particular offered excellent value in 2011, despite some substantial price rises as demand for rooms increased from bargain-savvy visitors."
Budapest, Tallinn and Berlin were among the other European nations to offer families a reasonably affordable taste of luxury.
If you're keen to reduce your travel spending this summer, check out this guide to cheap family holidays.