Spain is Europe’s cheapest holiday destination

The Post Office
Report shows Spain is Europe's cheapest

New figures released by the Post Office show that Spain has overtaken Portugal to become Europe’s cheapest holiday destination, narrowly beating the Czech Republic and Bulgaria and over a third cheaper than Turkey.

The Post Office’s “Worldwide Holiday Costs Barometer 2012” shows that Spain has the cheapest in-resort costs in Europe and is only second worldwide, behind Sri Lanka.

The report looks at the costs of eight everyday items that are common holiday purchases. These include a cup of coffee, a packet of cigarettes and a three course evening meal for two adults.

The total cost of the items in Spain was £37.72 (€45.59) narrowly beating Prague in the Czech Republic with £39.57 (€47.87) and Sunny Beach in Bulgaria with £39.65 (€47.92).

The most expensive in Europe was Sorrento in Italy where the items total cost was a staggering £89.03 (€107.60) while Brisbane, Australia, was the most expensive worldwide with a total of £115.60 (€139.72) for the items.

Spain’s winning prices were as follows: Cup of coffee – £1.09 (€1.31), bottle of local beer/lager – £1.82 (€2.20), bottle/can of Coca Cola – £1.09 (€1.31), 1.5l bottle of mineral water – £0.35 (€0.42), suncream – £4.50 (€5.44), insect repellent – £2.50 (€3.02), a pack of 20 Marlboro Lights cigarettes – £3.64 (€4.39), a 3-course evening meal for 2 adults (incl. bottle house wine) – £22.73 (€27.47) – giving a total of £37.72.

Download the Post Office Worldwide Holiday Costs Barometer 2012

Costa del Sol is the cheapest

Costa del Sol still pulls in the crowds
Costa del Sol beaches still pull in the crowds

The Costa del Sol has been named as the cheapest holiday destination for British families during October.

The Post Office Travel Money carried out a half-term survey comparing the total cost of 10 items commonly purchased while on holiday in the 12 top destinations for half-term holidays

The total cost of items, including toiletries, drinks and eating out, was £59.58 on the Costa del Sol, compared to £86.28 in Turkey.

Sarah Munro, head of Post Office Travel Money, said: “Price is bound to be a big consideration so it is good to report falling prices in five of the destinations that attract UK families.

“… in these uncertain times people would be wise to plan their trips carefully and make sure they are fully protected. A package taken with a well-established and ATOL-protected tour operator, together with comprehensive travel insurance, is probably the safest bet.  Families can also avoid wasting cash through expensive last minute airport currency purchases and can cut costs abroad by using a credit card like the Post Office card with 0 per cent commission on purchases overseas.”

The survey found that although prices for some of the items had increased in Spain by as much as 15% in the last year it was still the cheapest destination in Europe.

The most expensive Eurozone destination, according to the survey, was Tenerife where the 10 items cost £111 (€127), 86% higher than the Costa del Sol. Miami topped the list overall with a cost of £138.87 for the 10 items.

Full details and results can be found here: RoyalMailGroup.com