More than three quarters, around 77%, of foreign holidays were cheaper in 2013 than in 2012, research claims.
The study by online travel agent On the Beach compared like-for-like rates for seven night holidays for two adults in June 2013 across a number of popular destinations. When comparing the average prices for 2013 with those from last year, the results showed a massive saving.
In 2013, there was a 2.7% increase in inflation rates as well as increasing fuel prices. However, despite this, many holidays to popular destinations were 25% cheaper than they were in 2012, with Madeira offering the best saving.
A week in a three star hotel on a bed and breakfast basis for two on the island cost £799 in 2012, compared with £599 in 2012.
Cyprus also showed a drop in prices with holiday goers saving around 20% compared to the previous year. Bulgaria was also better value offering holidays up to 15% cheaper than summer 2012.
Tenerife also presented a drop in prices with a lot of hotels offering all inclusive deals for up to 14% cheaper than the last year.
Other places that were cheaper in 2013 included Sharm el Sheikh, down 13% and Greece, up to 12% cheaper.
A spokesperson for On the Beach said that its a breath of fresh air when holidays abroad are so cheap.
As of yet, there has not been similar researched conducted for 2014. However, a visit to the On the Beach deal finder and you can find great prices. Alternatively, call On the Beach.