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08 February 2013 09:04
Many overseas holidays will cost less in 2013 than in 2012, according to research
Many foreign holidays will be cheaper this summer than last, according to a poll. More than three quarters (77%) of holidays cost less for summer 2013 than last year, the On the Beach study revealed. Like-for-like rates for seven-night holidays for two adults in June across a number of favourite destinations were compared by the firm.
The results show "massive savings" of up to 25% for holidaymakers this year despite a 2.7% rise in inflation, with Madeira seemingly offering the best value for a summer getaway. A three-star week-long stay at a bed and breakfast on Madeira would have cost £799 last year, but has dropped to £599 in 2013. The reduced costs will free up some cash for travel insurance, so holidaymakers can jet off with peace of mind.
A drop has also been seen in Cyprus with holidaymakers saving up to 20% compared with 2012, and Bulgaria is proving better value too with holidays up to 15% cheaper than last summer.
Alistair Daly, On the Beach's chief marketing officer, said: "It's no doubt that it's a breath of fresh air for Brits when well-deserved holidays are actually more affordable than ever, especially when most day-to-day costs increase on a yearly basis. We expect a bumper year for travel this year, holidays to Cyprus and Bulgaria are already outselling last year for example."
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