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Foreign holidays 'cheaper in 2013'

08 February 2013 09:04

Many overseas holidays will cost less in 2013 than in 2012, according to research

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."