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Which destination will break the bank this Easter?

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26/03/2018

Lanzarote is the most affordable family holiday destination this Easter, costing £3,604 for a family of four.

This beats the average week-long family holiday cost of £3,750, up just 1% from last year. Portugal at £3,653 and France at £3,713 all came out under the average cost as well.

However, those with grander ambitions will have to pay a little more. Punta Cana in the Dominican Republic comes in as the most expensive destination at £6,024 in total, followed by Florida in the United States (£5,568) and Dubai in the United Arab Emirates (£5,236).

The largest cost is often long-haul flights. M&S suggests that families looking to reduce costs should consider downgrading flights by travelling indirect, accommodation, and include self-catering options instead of eating out. It calculates that this can push costs 5.9% lower, bringing the cost for Punta Cana down to £4,941, Florida down to £4,856, and Dubai down to £4,196. UK holidaymakers are better off in some of these areas thanks to an improvement in the value of the pound.

Paul Stokes, head of products at M&S Bank, said: “Families may find that there are only three budget-breaking destinations this Easter, but there are a number of ways to make those budget-breaking destinations a little more affordable; families can save hundreds of pounds by flexing the type of flights and accommodation they select. Those heading away this Easter should also be encouraged by cheaper local costs in a number of locations. Families can save a significant amount of money by researching their travel money and ensuring their provider offers the same rate they’ve seen online when they arrive in-store to purchase their currency.”

Table 1: Cost of a family Easter holiday in ten popular destinations

Location 2018 price per person 2018 price per family 2017 price per family Difference £ Difference %
Lanzarote (Canary Islands) £901 £3,604 £3,451 £153  4.4%
Portugal £913 £3,653 £3,512 £141  4.0%
France £989 £3,713 £3,546 £167  4.7%
Malta £991 £3,964 £3,790 £174  4.6%
Italy £1,048 £4,192 £4,026 £166  4.1%
Cyprus £1,073 £4,292 £4,158 £134  3.2%
Greece £1,079 £4,317 £4,170 £147  3.5%
Dubai (UAE) £1,309 £5,236 £5,416 -£180 -3.3%
Florida, (USA) £1,392 £5,568 £5,854 -£286 -4.9%
Punta Cana (Dominican Republic) £1,507 £6,026 £6,403 -£376 -5.9%
AVERAGE £1,120 £4,457 £4,433 £24 1%

 

 

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