In the current climate, it can be expensive to go on holiday, both financially and environmentally, which can be one of the main reasons holidaymakers decide on choosing their next holiday here in the UK. However, choosing your family holiday in the UK during the summer of 2024 can bring unexpected benefits, including accumulating over £50,000 for your child's future.
Woolacombe Bay Holiday Parks have put together a useful comparison between choosing a UK holiday over one abroad. Keep on reading to find out more.
How much does it typically cost to go abroad?
Woolacombe Bay Holiday Parks chose a week-long 2-star holiday based in Benidorm during August, which came out to be £3,740. This break is for a family of 4, for 8 nights, which is a typical timeframe for a family in the UK. This includes all the costs you would expect during a typical break like this, like accommodation, flights, car hire and food.
Alternatively, deciding to holiday in a New Wave Silver caravan at Twitchen House comes in at £1,169. There are still additional costs on top of this (for example food at £400, travel costs at £70, and optional holiday protection cover at £30) which brings the total to just £2,069. Even with these additional costs, holidaymakers are going to be saving a significant amount in comparison to a holiday abroad.
Click here to find out more about their fantastic holiday park experiences.
How much can I save overtime?
Even with these additional costs, a UK holiday will save you an estimated £1,671. Deciding to holiday in the UK will grow significant savings over time, and sticking to the UK breaks for 18 years could incur a hefty sum of £30,078. Investing properly (in stocks and ISA shares at an average of 5% return) can increase this cost up to a potential total of £50,000. Please do seek professional advice for any financial means.
The Environmental Impact
As well as these financial benefits, there are several environmental motivations to holiday in the UK including reducing your carbon footprint. If you travel by car, this will emit significantly less CO2 than flying.
For a 300-mile journey, a car emits around 104 kg of CO2 compared to 184 kg when flying the same distance (according to Carbon Independent).