Post-Brexit, Where Should Brits Take Their Holidays?

With the sudden fall in the value of the pound against other currencies in the aftermath of Brexit, many of us are now wondering where we should take our holidays. It won’t come as any surprise that different destinations offer different value for money, an especially important consideration today, given the changing exchange rates. Recently, the holiday site KAYAK did a study that looked at the costs that Brits face when going to various destinations. They found that travelling to some locations offered fantastic value for money, while others, not so much. The goal of the study was to find the average weekly cost of staying in any particular location, including things like accommodation, food and the return flight. Here's what they found. 

Toronto, Canada
Toronto is the financial and commercial centre of Canada, a thriving city with nearly five million inhabitants. It’s home to what was formerly the world’s tallest freestanding structure, the observation deck that looks out over the city. And in the downtown area, there is a giant stadium that plays host to football games. Surprisingly, the price of a week's stay in Canada’s largest city is surprisingly low, coming in at around £1,542. The most expensive item is the return flights, costing more than £653, followed by accommodation in a typical three-star hotel, costing more than £595. 

Barcelona, Spain
Thanks to it’s relative proximity to the UK, Barcelona is a bit cheaper than Toronto for British tourists. Prices for return flights were calculated to be £414 by KAYAK, and accommodation around £560 for the week. Car hire in the city is much cheaper than it is over in Toronto at nearly half the price. If you’re topping up your budget from a company like SwiftMoney to pay for your holiday, then you’re in luck. The total cost of a trip the Spanish city comes it at a mere £1,203. If you cut down on the price of daily meals with packed lunches and walk everywhere, you could get the cost below £1,100. 

Malaga, Spain
Malaga is one of Spain’s most historic cities, playing host to all sorts of ancient relics and buildings. It’s a great place for people who want to enjoy the sunshine, beaches, warm temperatures and culture. Flying to Malaga is cheaper than flying to Barcelona at just £341, according to KAYAK. Accommodation in a three-star hotel is the same, but meal costs and car hire are much cheaper. Overall, you should expect to pay around £1,037 for a week’s stay in the city. 

Faro, Portugal
Faro in Portugal is famous for its beautiful, serene Atlantic coast offering stunning, white-sand beaches and plenty of mountainous terrain to explore on long hikes. Because of the competition in the tourist industry and relatively low wages in Portugal, accommodation in the area is cheap, making it one of the least expensive places to say in the whole of Europe. KAYAK says that the average cost to stay in a three-star hotel for a week is as little as £358, bringing the potential total cost of the holiday to just £963.

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