British tourists traveling for summer school holidays are likely to find the best prices in Bulgaria and Turkey.
Sunny Beach, Bulgaria, and Marmaris, Turkey, are the cheapest of the 16 most popular European resorts, according to Post Office Travel Money’s annual Family Holiday Report.
The report’s Beach Barometer, produced with travel company Tui, estimated a cost of around £86 for 12 common holiday expenses, including a family meal, drinks, sunscreen, insect repellent and beach items ranging from buckets and shovels to lilos, ice cream, and pedalo rides at both destinations.
The report suggests that local prices have doubled in Marmaris compared to the summer of 2019, but the collapse of the Turkish lira has since helped to lessen the impact.
However, Brits can expect to pay almost 11% more than they did three years ago in Maramaris, compared to 8% in Sunny Beach.
Despite the increases, costs at the two destinations were more than 20% lower than at the cheapest eurozone resort, the Algarve in Portugal, which came in at £108 for the 12 items.
Funchal, Madeira was next cheapest at £125, followed by Costa Del Sol, Spain at £127 and Corfu, Greece at £133.
The most expensive was Ibiza, costing approximately £186 on the barometer, followed by Puglia in Italy at around £185.
However, prices have fallen in Ibiza and Puglia since 2019, by 4.9% and 5.2% respectively.
The biggest price increase took place in Crete, with a 37.7% increase in prices, now costing around £161.
The report shows that prices have risen in three-quarters of the 16 European destinations included as a result of rising resort fees for food and beverages and a fall in the value of the pound sterling.
The average increase among those who saw increases was 13.3%.
Prices can vary dramatically between resorts in the same country
Nick Boden, travel money from the post office
British tourists are seeing a recent drop in the value of the pound, currently trading at 1.17 euros, after hitting a 2022 high of 1.21 euros in April.
Nick Boden, head of the Post Office Travel Money, which accounts for one in four currency exchange transactions in the UK, said resort spending will be crucial for families this summer to avoid breaking the holiday budget.
“We found large price variations across the 16 destinations surveyed, mainly in 13 eurozone resorts. This makes it doubly important for tourists to do their homework and budget carefully to cover costs at the vacation resort they are visiting. We also found that prices can vary dramatically between resorts in the same country. In Greece, for example, barometer costs were 17% lower in Corfu than in Crete.”
The report also revealed that almost three in five (59%) families are planning to travel abroad this year, but more than three-quarters (76%) of them have gone over budget by almost 38% on their last holiday, spending £243 more. at the average £644 budget they set.