Exchange rates favour European holidays

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Realising not to take anything for granted is a lesson many of us have been learning our whole lives, but that doesn't mean we don't still do it anyway.

Take holidays for example: everyone knows that staycations save you bucketloads of cash across the board, right? Wrong.

An up-to-date study by Post Office Travel Money has revealed that out of 15 chosen holiday destinations, Brighton is the most expensive.

Researchers totted up the costs of 10 typical holiday items, including a three-course meal.

They discovered that while Bulgaria offers the best value for money in Europe for the items, at £42.79, Brighton provided the worst bargain at £79.25.

Strong sterling rates are behind the extra cash available to Britons, which might just make a European adventure the number one choice for many families looking to book this year's
fun in the sun on a budget.

Getting more bang for your buck is also essential for any family having to practically bring back a separate suitcase of souvenirs for all their children's friends!

Just behind Bulgaria, the resort of Marmaris, Turkey, was highlighted as the second cheapest European destination.

Although most prices across the board have dropped compared to last year, visitors to Spain's popular Costa del Sol will have to pay 35% more than they did in 2011,while tourists in Portugal will have to pay 10% more.

Post Office Travel Money head Andrew Brown said: "Resort prices and currency exchange rates are always changing, so it is worth doing some research to check the latest position before booking a holiday. It is also worth considering how you plan to spend your holiday cash.

"Our index includes the price of one meal but, if you eat out every night, the difference in cost between destinations can be quite marked.

"For example, according to our research, eating out for seven nights in either Bulgaria or Portugal will cost less than £175 but over £280 in Spain, France or Malta."

 

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