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Daily Mirror
Daily Mirror
Milo Boyd

Staycations could be about to get cheaper for Brits amid cost of living crisis

UK holidays may become cheaper in 2023 compared to last year in what would be an inflation-busting move.

After the coronavirus pandemic shut down the vast majority of international travel in 2020 and part of 2021, the price of hiring a holiday home in the UK rocketed.

Increased demand from millions of people unable to jet off to hotspots such as Spain and Italy pushed the cost of a night's stay up considerably.

It seems that now that flights abroad are back on and the majority of coronavirus travel measures have been dropped, demand and therefore prices have fallen.

Holiday lets in the UK seem to be getting a little cheaper (Getty Images/iStockphoto)

AirDNA, which analyses the price of holiday homes across the UK and Europe, found that the price of a holiday let in the UK was £13 a night cheaper in September 2022 than 2021.

The rising cost of living fuelled by Brexit and the war in Ukraine has also left many people strapped for cash and unable to book a holiday, also cutting demand.

In September there was a 5% fall in UK bookings, according to AirDNA, which has predicted a year-on-year reservation slump of 10% over the next six months.

Holiday let adviser Amanda Stecker told the Telegraph : "My clients are finding it harder to achieve the kind of income levels they were achieving this time last year and they are having to hold their nerve that bookings will come in eventually.”

The newspaper reports that Bristol and Bath have both seen a 17% fall in holiday let prices, while the cost of lets have fallen by 16% in Brighton and Hove.

Brits may be forgoing staycations because they think a holiday abroad will be cheaper, despite the turbulent state of the pound.

Demand for staycations may be slumping post-Covid lockdowns (Getty Images/500px)

Analysis by travel firm On the Beach found that a seven-day family break to Center Parcs in Sherwood Forest cost £3,558.

This is the cost of a lodge at £2,848 plus illustrative costs for food and activities.

In comparison, a week-long all-inclusive holiday to Greece was £1,451. This is a difference of £2,107.

In another example, a week’s stay at a National Trust property in West Sussex, would have cost a family of four £2,709.

In comparison, an all-inclusive stay at a four-star resort in Costa Dorada, Spain, would cost the same family £1,003 less, at £1,706.

A big advantage holidays in the UK generally have is that flying isn't required, meaning the impact on the environment is typically less than jetting off abroad.

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