August holiday premium revealed
Parents pay the price for taking family holidays in the peak August season, it has been revealed.
Overseas package holiday prices in mid-August can be as much as 85% higher than those in mid-July, a survey by Santander Cards - part of the Santander bank group - found.
The average foreign package increase from mid-July to mid-August is 38%, while the UK holiday average rise is 30%, the survey showed.
In September, prices for holidays abroad dip by an average of 33% from their August peak while prices for UK breaks fall by an average of 55%.
The survey found the cost of a week-long trip for a family of four to the Portuguese Algarve can rise from just over £2,000 in mid-July to around £3,800 in mid-August before dipping to around £2,200 in September.
The price of a caravan holiday in Presthaven Sands, North Wales, rises from £399 in mid-July to £698 in mid-August before going back down to £467 in September.
The lowest August rises were found on holidays to the Spanish island of Majorca, where costs rose only 16% in August.
Santander Cards director Emma Roberts said: "With prices increasing by up to 85% for those going abroad and 75% for those taking a break in the UK, it's not going to be cheap for families hoping to get away this summer."
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