As the summer holiday season begins this month, new research from ABTA Travel Money shows the average spending of UK holidaymakers on international vacations.

Despite the ongoing cost of living challenges affecting some families, UK travelers are allocating more funds for their holiday expenses abroad, with an average expenditure of £369 per person for a short trip and £660 for an extended vacation.

There has been an increase in average spending since 2022, with expenditures rising by over £59 for a short international break and by £231 per person for a longer stay abroad.

Families with older children (aged 5 and above) tend to spend the most on short breaks, averaging £431. For longer vacations, the highest spending group is travelers aged 55-64, who spend an average of £721.

This summer, tourists visiting any destination using the Euro will benefit from a strengthened pound, which has gained 2.1% against the Euro and 65% against the Turkish Lira since last year.

ABTA Travel Money advises vacationers to purchase local currency in the UK before departing to avoid high ATM and banking fees abroad, ensuring they have cash on hand for taxis, small vendors, and local shopping where cards might not be accepted.

Graeme Buck, Director of Communications for ABTA Travel Money, said:

“People are spending more while on holiday overseas and that can’t just be put down to inflation. Over the past two years, UK prices have risen by a total of 9.3%3 whereas overseas holiday spend is up by 54% for a longer holiday.

“Add in more favourable exchange rates for many holiday destinations, we see over the last few years that there has been a clear shift towards people spending the spare money they may have on holidays and creating memories that will last a lifetime.

“Some of those memories are made possible by having cash with you, meaning you don’t miss out on something simply through not having planned your foreign currency before you leave.”  

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