UK households on European seaside holidays hit by worth rises
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Ok households embarking on European seaside holidays are being hit by increased costs in contrast with final summer season resulting from inflation, figures present.
The value of vacationer staples reminiscent of meals, drinks and seaside objects have risen year-on-year in 15 of the 16 locations analysed within the Post Office Family Holiday Report.
Italy’s Puglia was the one location the place costs for UK guests have dropped, with a ten.3% fall.
The highest annual will increase are in Sunny Beach, Bulgaria (up 41.0%), Marmaris, Turkey (up 33.3%) and Funchal, Madeira (up 24.1%).
Families ought to count on to pay extra for meals, drinks and different vacationer objects
Despite the rises, Marmaris and Sunny Beach had been among the many three locations with the bottom costs, alongside Portugal’s Algarve.
The report discovered that costs in Marmaris have doubled year-on-year resulting from inflation and the unstable financial system.
The affect on UK guests has been restricted resulting from a 64% decline within the worth of the Turkish lira in contrast with sterling.
Laura Plunkett, head of journey cash at Post Office, mentioned: “Although sterling is at a 2023 high against European currencies, inflation has hit local prices abroad just as it has in the UK.
“This means families should expect to pay more for meals, drinks and other tourist items in most resorts.
“Ironically, two of the cheapest destinations we surveyed – Turkey and Bulgaria – have seen the biggest rises.
“However, they are still places where bargain hunters will get the most for their money.”
Richard Sofer, business director at Tui UK and Ireland, which contributed to the report, mentioned: “Holidays will always be a priority for our customers, but value for money is clearly more important now than ever before.
“Despite the rising costs of living, many customers aren’t willing to sacrifice their precious annual getaway and we’ve seen a trend in customers opting for more affordable destinations, including Bulgaria and Turkey, with Greece and the Balearics also a firm favourite.
“We’re also seeing some customers taper their holiday slightly, such as reducing holiday duration from 14 nights to 7, 10 or 11-nights.”