LISBON: Over the last week the families visiting Portugal from the UK are set to enjoy the cheapest holidays in almost a decade as the pound shows no sign of increasing in value against the euro. Portugal is once again highlighted as a top value destination for British travellers.
Exchange rates over the past week have been hovering between €1.42 and €1.44 to the pound, which takes Sterling to highest rate since 2007 and up almost 13 percent on last summer.
The latest annual Family Holiday Report from Post Office Travel Money also revealed in last week that prices for UK holidaymakers have fallen across Europe, thanks largely to the powerful pound. It explains that regions like the Algarve remain cheap places to eat out at under £30 for a meal for four with drinks.
While families on self-catering holidays or going all inclusive are less likely to fork out for resort meals, Post Office Travel says they are still likely to overspend. Their research found that three-quarters of families bust their budget on their last trip abroad to the tune of £219 on average, despite slashing their spending budget by 16 per cent.
