Brits looking to travel to Spain in the coming months could be surprised by much higher travel costs than this time last year, new research has revealed.
For a week's getaway, it is likely that you'll pay at least £505 more now than you would have this time last year, the Liverpool Echo reports. The findings from foreign exchange expert eurochange, follows a year-on-year comparison on accommodation fees, restaurant meals, car hire and currency exchange rates - with "significant" increases across the board in mainland Spain.
This sum doesn't take flights into account, which are also reported to cost around 45% more now than they did this time last year, so the price hike will be even higher. Hotel rates have also risen hugely, with a one-night stay now amounting to £84 per night, as opposed to £62 in 2021, while car hire prices have also risen dramatically.
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Local businesses have raised prices to make up for losses during the pandemic, meaning tourists who have not planned for extra costs could be left out of pocket. Restaurant meals have seen a slight spike, with a typical dinner rising from £17.50 to £19 over the past year.
As rising food costs are understandable given inflation, holidaymakers may want to research the best deals when booking a hotel. Exchange rates also offer less value now than they did this time last year, having dropped from a mid-market rate of 1.165 in September last year to 1.143 this year.
Eurochange's recent survey data found holidaymakers take £626 in spending money when visiting Spain. With the year-on-year drop in exchange rate, it means Brits will get €13.47 fewer for that than they would have last year, a loss of £11.77.
Charles Stewart, managing director at eurochange, offered advice on how holidaymakers can make their money go further this autumn, saying: "We’re all feeling the pinch at the moment, especially as many tourist destinations have increased their local prices post-pandemic. However, there are ways people can cut costs in other areas abroad.
"Preparation is key when it comes to cutting costs, as there are many package holidays and budget flights available if you research. Holidaymakers can also save by avoiding hiring a car, as it’s a large expense that’s more than doubled in the last year.
"It’s also key to keep an eye on exchange rates and seek out the best deals, to make sure your cash goes as far as it can whilst abroad. If possible, make sure to take more money away with you than you previously would have done to make up for the drop in rates."
Would you still travel to Spain if it costs you more money? Let us know!
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