You are here: Home - Household Bills - News -

Costs of your winter break rise

Written by:
The cost of a family ski holding is rising, according to research by M&S Bank, with the average family paying £130 more than this time last year.

Families looking for some winter sun will find prices have increased by £111 on last year. However, this remains much more affordable than a ski trip, with those hitting the slopes paying an average of £1,000 more.

The most affordable half-term holiday can be found in the Algarve in Portugal at £3,632 per family, or £908 per person. Just three hours flight away, temperatures will reach 18 degrees this week. Malaga in Spain is the second most affordable destination at £3,784 in total. This has seven hours of sunshine and average temperatures of 13 degrees in February, The Italian island of Sardinia is the third most affordable destination at £4,404 for a family of four.

Families wanting to ski are looking at a greater financial hit. Bulgaria is the cheapest destination, with a ski trip to Bansko costing just £4,588 for a family or £1,147 per person. It’s also cheaper when you get there, with a meal out costing £9 per person compared to £21 in Meribel (where eating-out costs are highest). However, prices are still up 4% on last year, partly due to the fall in sterling.

The most expensive holiday destination this half-term is the popular German ski resort of Garmisch-Partenkirchen at an average cost of £5,909 per family, where eating out costs an average of £20. However, snow is pretty much guaranteed given its proximity to Germany’s highest mountain, the Zugspitze.

Paul Stokes, head of products at M&S Bank, said: “While holidays are up £120 on average this half term, there is a significant difference between the cheapest and most expensive destinations. So, whether families are looking to hit the slopes or the sun loungers this half-term, we would encourage them to look at some alternative destinations and not just the more popular resorts to make their holiday budget stretch further.”

M&S’ top travel money tips:

  • Be prepared to be flexible – flights leaving at less sociable hours or during weekdays, rather than weekends, could prove cheaper
  • Shop around and use a comparison site to compare the price of flights, accommodation and, if you are planning a ski holiday, ski pass and rental fees
  • Plan your holiday budget to work out how much your holiday will cost and how much travel money you will need. Even if you’re staying in half-board or all-inclusive accommodation, don’t forget to factor in currency for taxis, tipping and other extras
  • Research the cost of tickets for activities or in advance online – it may be cheaper to buy before you depart
  • Don’t rely on internet rates if buying travel money in-store; many providers have different rates online and some change their rate throughout the day
  • Don’t leave your holiday money until the last minute; airport bureaux often offer less competitive rates and may not have a wide variety of note denominations


There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

The savings accounts paying the most interest

If one of your jobs this month is to get your finances in order, moving your savings to a higher paying deal i...

Coronavirus and your finances: what help can you get?

News and updates on everything to do with coronavirus and your personal finances.

Everything you need to know about being furloughed

If you’ve been ‘furloughed’ by your company, here’s what it means…

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Money Tips of the Week

Read previous post:
A man hands over some keys
Landlords in mortgage arrears jump 20%

The number of landlords who have fallen seriously behind on mortgage repayments has jumped by 20% in a year, UK...