If British holidaymakers want the best prices for summer school holidays in Europe, they should head to Sunny Beach in Bulgaria, an annual report has revealed.
In a ranking of 16 popular European resorts, it was found to be the place where Britons would see their pounds stretch the most, while the Turkish resort town of Marmaris comes in second, due to the collapse of the Turkish lira.
The Algarve in Portugal ranks third, while the most expensive place on the list is Ibiza.
Bulgaria’s Sunny Beach resort offers Europe’s best value for money for British holidaymakers, annual report reveals
The collapse of the Turkish lira saw Marmaris in south-west Turkey take second place with 12 items costing £86.07.
The ranking was revealed in Post Office Travel Money’s annual Family Vacation Report, produced in partnership with Tui.
The study compared the cost of 12 daily beach holiday items across 16 European destinations to produce a ‘beach barometer’.
The price of the basket of items – a bucket and shovel set, an inflatable mattress, a mask and snorkel set, sunscreen, insect repellent, ice cream, a half-day deckchair rental, a pedal boat ride or towed buoy, a bottle of beer at a bar, a Coca-Cola at a bar, a glass of wine and a three-course family meal including alcoholic beverages – cost researchers just £85.63 in Sunny Beach.
In Marmaris, in south-west Turkey, these items cost £86.07.
After an 11.9% price increase since July 2019, the Algarve in Portugal took third place at £108.47.
Funchal in Madeira ranks fourth in the Beach Barometer ranking, where prices are £125.23.
At the other end of the scale, Ibiza proved to be the most expensive European spot, costing £186.47 on the barometer.
After an 11.9% price increase since July 2019, the Algarve in Portugal took third place with £108.47, while Funchal in Madeira is in fourth place, where prices are £125.23.
The rest of the top ten is made up of Costa del Sol (fifth, £127.33), Corfu (sixth, £133.78), Mallorca (seventh, £138.81), Kos (eighth, £140.28), Rhodes (ninth, £143). ) and Lanzarote (tenth, £143.41).
At the other end of the scale, Ibiza’s basket was £186.47 on the barometer, followed by Puglia, Italy, at £185.81.
However, prices have fallen in Ibiza and Puglia since 2019, by 4.9% and 5.2% respectively.
The largest price increase was seen in Crete, where a 37.7% rise in prices resulted in a basket cost of £161.86.
The report shows prices rose in three-quarters of the 16 European destinations due to higher resort fees for food and drink and a falling value of the pound sterling.
Post Office Travel Money’s Annual Family Holiday Report ranked European cities by the price of a basket of 12 typical beach holiday items
The average increase among those who experienced increases was 13.3%.
British tourists are suffering a recent fall in the value of the pound, which is currently trading at 1.17 euros after hitting a 2022 high of 1.21 euros in April.
Commenting on the findings, Nick Boden, Head of Post Office Travel Money, said: ‘The recent fall in the pound against European currencies and continued uncertainty about its performance in the weeks ahead means it will be crucial for families to keep tight control over resort spending. summer so as not to break the holiday budget.
“We found large price variations in the 16 destinations studied, in particular in 13 resorts in the euro zone. This makes it all the more important for holidaymakers to do their homework and budget carefully to cover the costs of the holiday resort they are visiting. We have also found that prices can vary significantly between resorts in the same country. In Greece, for example, barometer costs were 17% lower in Corfu compared to Crete”.
The report also revealed that almost three in five families (59%) are planning trips abroad this year, but more than three-quarters (76%) of them have cut their budget by almost 38% during their last holiday, spending an extra £243 on the average budget of £644 they had set themselves.
Comments are closed.