British tourists heading to Cyprus this summer are set to save hundreds of pounds as prices continue to fall across Europe. According to the UK Post Office’s annual Holiday Costs Barometer for 2016 a basket of holiday items in Cyprus is 38% cheaper than the same basket was in 2011.
The Holiday Costs Barometer gathers data from around the world on some of the most common holiday buys, enabling visitors to see how various destinations measure up. Researchers looked at the costs of a cup of coffee, a bottle of local beer, a can/bottle of cola, a bottle of mineral water, a glass of wine, suncream and finally a three course meal for two inc wine to complete the tourist basket. In 2016 the total cost of these items in Cyprus converted to GBP was £38.15 which is just over £24 less than in 2011.
Andrew Brown, of Post Office Travel Money, said with careful planning families could shave hundreds of pounds off holiday budgets. He added: “There’s no escaping that sterling is weaker this year than last but families may be surprised to find prices are much lower. “That’s because European resort costs have fallen significantly. The amount you could pay, particularly if four or more of you are travelling as a family, could differ by hundreds of pounds.”
Cyprus also compared extremely favourably in the Holiday Costs Barometer against the Global average for this tourist holiday basket. Whilst in Cyprus the total cost was £38.15 the Global average was significantly more at £65.32 making Cyprus over £27 cheaper.