Holidays That Costa Lot
British tourists would be better off traveling to Thailand for a holiday as opposed to the Costa del Sol, owing to the weaker pound and rising euro.
Sterling has lost 19 per cent of its value over the euro in the past year meaning holidaymakers get much less bang for their buck.
The Post Office surveyed 16 popular holidaying countries around the world and purchased 10 common items, with Australia topping the lot and Thailand the cheapest.
The basic purchases included a coffee from a cafe, an English newspaper, a bottle of mineral water from a supermarket, insect repellent and an evening meal for two.
The cost of these items in Thailand worked out at £28.58 and was easily the cheapest of the 16 countries surveyed. These same items in Spain, traditionally a cheap continental holiday destination, worked out at £59.24, while in France they were £68.97.
Italy was the most expensive place in Europe at £73.40, while a three-course meal for two with wine would cost around £42 - just £17.64 in Thailand. The same 10 purchases in Australia, however, was a staggering £88.97.
The US is one destination where the pound stretches further due to the weak dollar of late, but to travel on the continent is costing so much more.
British holidaymakers have already been putting off traveling to the continent as a result of the strong euro and worldwide ‘credit crunch’, while many have been looking at destinations farther afield with Thailand fitting the bill for a growing number of people.
Even Thailand has become more expensive, though, owing to a combination of a stronger baht and the removal of the onshore rate reserve, more expensive rice, and higher oil prices.