Research conducted by online travel agent On the Beach reveals that 77% of holidays to the sun are cheaper this summer than in 2012.
The research compared a seven night holiday for two adults during the month of June, across a number of popular sun destinations. Comparing the average prices from 2012 with those from 2013, the results showed a big saving for holidaymakers this year.
Despite the 2.7% rise in inflation and increasing fuel prices, many holidays to sunny destinations were found to be 25% cheaper this year, with the island of Madeira offering the best value this summer.
Last year a one week holiday in a three star bed and breakfast for two cost £799, while this year the same holiday costs just £599, making a saving of £200.
Cyprus also showed a massive drop in prices with holidaymakers able to save up to 20% on last year, while both Bulgaria and Tenerife showed holidays were 15% and 14% cheaper respectively.
Alistair Daly, Chief Marketing Officer for On the Beach comments, “When most day to day costs increase on a yearly basis, it’s no doubt a breath of fresh air for Brits when well-deserved holidays are actually more affordable than ever. Holidays to Cyprus and Bulgaria are already outselling last year and with so many holidays cheaper, we expect a bumper year for travel this year. ”
Other sun spots offering cheaper holidays this year include Egypt’s Red Sea resort of Sharm El Sheikh, down 13% on last year and Greece, down 12% on last year.