The cost of holidaying in Spain and Portugal falls dramatically in the wake of the Euro crisis
Saturday 12, June 2010
Latest research has revealed that the cost of holidaying in Spain and Portugal has tumbled by up to 40%. Local shops and restaurants have dropped their prices to attract customers on the back of the Euro crisis.
It's welcome news for UK holiday makers planning trips to the Eurozone and reduced costs can be found in most destinations.
The biggest discounts can be found whilst enjoying a meal out, according to the research as restaurants in the Eurozone compete for business.
It calculated the cost of a basket of goods, popular with holidaymakers, including a local beer, a meal out and a cup of coffee and found the total cost had dropped from almost £67 last year to less than £39 in Portugal this year, making it the best value for money. Spain was also unveiled as one of the cheapest destinations with prices dropping from the same level to just £39.50.
Skyscanner recently revealed their top 6 Euro destinations and Greece, Portugal and Spain were all named value for money destinations.
Holiday makers can enjoy a pint of beer on one of the 14,000 paradise islands in Greece for just £2.36 or head for sunshine and watersports in Faro or the Algarve, with the cost of a pint coming in at just £1.18 in Portugal.
Sun, sea and sangria are still the order of the day in Spain - the popular tourist destination still holds a special place in the British travellers heart with Malaga, Alicante and the Costas all popular choices. Research showed the average cost of a pint of beer in Spain is just £1.97.
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