Rising inflation means that families will have to spend a little extra to book a getaway this half-term, the head of travel money at M&S Bank has said, as new figures reveal an average increase by 3.7% since this time last year.
Fraser Millar added:
Despite the euro strengthening against the pound over the past year, European destinations continue to prove relatively good value for money, and shorter flight times ensure the family has a little longer to enjoy the sun.
Families face a rise in the cost of holidays to popular destinations this half-term period. The average half-term trip has increased in price by 3.7% since this time last year, according to figures from M&S Bank.
The figures are based on the cost of a one-week trip for one person to 10 of the most popular destinations and include accommodation, dinner, £140 spending money and one activity.
As many as 20% of holidaymakers are set to start their search for a getaway break today.
A survey found that more people are putting a foreign holiday at the top of their spending priorities than last year.
In a similar poll last year, just a third of people said an overseas break was their main priority whereas this year 47% have put an overseas trip at the top of their list.
Travel agent Thomas Cook, who conducted the research predicts that the most popular short-haul package holiday destination for summer 2013 will be Turkey, followed by Spain's Balearic and Canary islands.