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A third of British travellers planning trips this year will enjoy a self-catering holiday, according to a new report from Post Office Travel Money.
Just over 40% of families responded to the survey – which was produced in partnership with Monarch Holidays – indicating that they were going to choose a self-catering trip in order to cut the cost.
Many parents believe that the option of a self-catering holiday gives them greater flexibility on their holiday, whilst more than a third (35%) believe it is a much more family friendly option.
Gary Anslow, sales director at Monarch Holidays, said: “For families in particular, self-catering allows them to control their spending more effectively and gives them the flexibility to do what they want when they want, without the restrictions of catered accommodation.”
The report also highlighted that more than a half of families overspent on their budget during their last self-catering holiday, whilst one in six revealed they spent over £200 more than initially planned.
As a result, Post Office Travel Money and Monarch Holidays looked into the cost of a weekly family shop in some of the most popular European destinations.
Majorca was found to be the cheapest destination, where a shopping basket full of self-catering basics added up to £31.90, 5% less than the Algarve who came in second.
At the opposite end, Dubrovnik, Croatia, was found to be the most expensive, with the same basket of groceries costing £58.74.
Cyprus is a destination which has grown in popularity amongst British travellers in recent years, and has seen a gradual decline in the cost of essential groceries, hitting £44.29, the lowest cost since the survey started in 2011.
Andrew Brown of Post Office Travel Money, said: “It’s good to report that the cost of self-catering groceries has fallen in parts of Europe despite the fall in sterling’s value since last year.”
If you’re thinking of travelling abroad this year, be sure to organise your European travel insurance in advance
Date Created: 21/06/2017