Holidaymakers who think twice about trip destinations could be rewarded with savings of up to £450, research suggests.
A survey carried out by Post Office Travel Money revealed that although people perceive countries like Spain and Turkey to be best value, money actually goes a lot further in countries such as Portugal and Bulgaria.
Based on a one-week summer break for two, including the cost of meals and drinks out, Bulgaria was a better deal than Spain, offering this package for £955 compared to a bill of £1,088.
Meanwhile, Croatia emerged as a surprisingly dear destination with a one week holiday likely to cost two people a hefty £1,361.
The same length of stay would cost just £904 in Portugal.
Many of the holidaymakers surveyed wrongly believed that heading to Turkey or Spain from the airport was their best bet, with only 15% in the know about the benefits of vacations in Bulgaria, whose capital Sofia is easily accessible from Stansted or Heathrow.
Andrew Brown, head of Post Office Travel Money said: “We always advise people to take all holiday costs into account when choosing a destination and this research shows why that is so important.
“In tough times, it is hard to stay loyal when there are big savings to be made by swapping to a destination that is over a third cheaper.”