Holidays spent lounging around on a sun-soaked beach are a no-brainer for some Britons. Many flock to seaside resorts every year, eager for some sun, sand and stunning cocktails to sip. Yet with inflation increasing, a volatile exchange rate and the uncertainty of Brexit negotiations, travellers are watching the pennies. Today’s Post Office Travel Money report, the Holiday Costs Barometer, has placed Bulgaria as the best value beach resort for the second year running.
The survey considered a total of 20 beach resorts, with Benidorm and the Puglia coastline of Southern Italy new to the report this year.
Yet the Sunny Beach location in Bulgaria, in the Balkans, remains cheapest.
The Post Office found pound sterling stretches furthest in this area, with a beer and coffee both costing an average of 70 pence.
Tourists can enjoy a three course meal for £21.88.
Meanwhile, it comes in at 38.86 for the Post Office barometer basket of nine tourist staples – comprising lunch and evening meals, drinks, suncream and insect repellent.
Overall, prices are 10.7 per cent lower in Sunny Beach than last year.
Bulgaria is additionally a third cheaper than its closest competitor.
Nick Boden, Head of Post Office Travel Money, which accounts for one-in four of all UK foreign currency transactions, said: “The extent to which prices have fallen gives us confidence that if they choose wisely, holidaymakers will still find great value and their holiday budget will go a long way in most resorts.
“The price falls could be an indication that tourist businesses in European resorts are keen to attract UK visitors and will keep costs low to do so.”
Victoria Bacon, ABTA Director of Brand and Business Development, added: “Europe remains the number one overseas destination for British holidaymakers and this research highlights the amazing value on offer in so many of our holiday favourites.
“The relative weakness of sterling against the Euro has also meant that increasingly customers are looking for good
value in other destinations and ABTA Members are reporting significant interest in travel to Bulgaria and Turkey, with the incredible prices in resort, revealed in this Post Office report, it’s easy to see why.”
Additionally, a price fall of 16.2 per cent has made the Algarve runner-up resort to Sunny Beach,
British holiday favourite Benidorm, a newbie to the list, polled in sixth out of 20.
Express.co.uk reported how Britons are continuing to flock to Benidorm as a counterbalance to the Brexit chaos.
The UK is set to leave the EU on April 12, yet Prime Minister Theresa May has requested an extensions from the EU until June.
Meanwhile, Sorrento rounded off the list in 20th place.