If British holidaymakers want the best prices in Europe during the school summer break, they should make a beeline for 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 will see their pounds rise the most, with the Turkish resort of Marmaris coming in second due to the fall in the Turkish lira.
Portugal’s Algarve is third, while the most expensive place on the list is Ibiza.
The Bulgarian resort of Sunny Beach offers the best value for money in Europe for UK holidaymakers, an annual report has revealed.
Marmaris in south-west Turkey claimed second place with 12 items costing £86.07 as the Turkish lira fell.
The rankings were revealed in Post Office Travel Money’s annual Family Holiday Report, produced in partnership with Tui.
The research compared the daily price of 12 tourist items in 16 European destinations to produce a ‘Beach Barometer’.
Cost of a basket of 12 common items – a bucket and speed seat, an inflatable lilo, a mask and snorkel set, sun cream, insect repellent, ice cream, half-day sun lounger hire, a pedalo or banana boat ride, A three-course family meal including a bottle of beer at the bar, a Coca-Cola at the bar, a glass of wine and an alcoholic drink – costs researchers at Sunny Beach just £85.63.
In Marmaris, in southwest Turkey, these items racked up a bill of £86.07.
Portugal’s Algarve took third place at £108.47, after an 11.9% increase in prices since July 2019.
Fourth in the Beach Barometer ranking is Funchal in Madeira, where prices are £125.23.
At the other end of the scale, Ibiza was found to be the most expensive European destination, costing £186.47 on the barometer.
After an 11.9% increase in prices since July 2019, Portugal’s Algarve claimed third place at £108.47, while in fourth place was Funchal in Madeira, where prices stood at £125.23.
The rest of the top ten consists of Costa del Sol (fifth, £127.33), Corfu (sixth, £133.78), Majorca (seventh, £138.81), Kos (eighth, £140.28), Rhodes (ninth, £143). ), and Lanzarote (tenth, £143.41).
At the other end of the scale, Ibiza was on the basket barometer at £186.47, followed by Puglia, Italy, at £185.81.
However, since 2019 prices in both Ibiza and Puglia have decreased by 4.9% and 5.2% respectively.
The biggest price increase was seen in Crete, where prices rose by 37.7% to £161.86 a basket.
The report found that higher resort charges for food and drink and the devaluation of sterling had led to price rises in three-quarters of 16 European destinations.
Post Office Travel Money’s annual Family Holiday Report ranks European cities based on the price of a basket of 12 common beach holiday items.
The average increase among those who saw an increase was 13.3 percent.
British tourists have been suffering from a recent fall in the value of the pound, currently trading at €1.17 after hitting a 2022 high of €1.21 in April.
Commenting on the results, Nick Bowden, head of Post Office Travel Money, said: ‘Sterling’s recent decline against European currencies and continued uncertainty about its performance in the coming weeks means that resort spending is Keeping a tight rein will be very important to this family. Avoid breaking the summer vacation budget.
‘We found large price swings in the 16 destinations surveyed, particularly in the 13 Eurozone resorts. This makes it doubly important for vacationers to do their homework and budget carefully to cover the costs of the vacation resort they are visiting. We also found that prices can vary dramatically between resorts in the same country. In Greece, for example, a barometer cost 17 percent less in Corfu than in Crete.’
The report also revealed that almost three in five (59 per cent) families are planning trips abroad this year, but three-quarters (76 per cent) of them spent around £38 in their budget on their last holiday. per cent, £243 extra on the average budget they set of £644.
Sixteen popular European vacation destinations are ranked by value – from cheapest to most expensive
1. Sunny Beach, Bulgaria £85.63 (cost of 12 essentials)
2. Marmaris, Turkey £86.07
3. Algarve, Portugal £108.47
4. Funchal, Madeira £125.23.
5. Costa del Sol, Spain £127.33
6. Corfu, Greece £133.78
7. Majorca, Balearic Islands £138.81
8. Kos, Greece £140.28
9. Rhodes, Greece £143
10. Lanzarote, Canary Islands £143.41
11. Paphos, Cyprus £144.57
12. Porec, Croatia £154.75
13. Sliema, Malta £156.27
14. Crete, Greece £161.86
15. Puglia, Italy £185.81
16. Ibiza, Balearic Islands £186.47
Source: Post Office Money