The Average Cost of a Family Holiday Tops £4000

Business Insights

Why are family holidays so popular? Are they worth it? At the end of the day, both children and their parents spend a great deal of time away from each other - both at school/work and at home when everyone has their own things to do. This leaves families with a lot less quality time to interact and relax with loved ones.

Both parents and children could do with some down time, away from the obligations of the real world. That said, planning a family holiday away always seems too far out of reach to make it happen. In this post, we’ll take a look at what a family holiday costs, as well as how we can lower the cost and acquire the funds we need in order to make it happen.

What Does a Family Holiday Cost?

This significantly depends on your idea of a family holiday. If it means a visit to a bed-and-breakfast just outside of town, it will obviously cost you a lot less than a five-star hotel on an island in another part of the world. As soon as plane tickets come into the picture, the cost rises exponentially.

So, we know that there are a number of factors that can make your costs vary significantly, but we can get an average cost based on a common idea of a holiday. A family of four spending two weeks on holiday will end up spending around £4792 on average. This excludes the average of an additional £227 per week per person in spendings.

This additional cost is usually spent on extras such as souvenirs, shopping trips and typical tourist attractions, as well as food. What can we learn here? Well, £4800 is a ton of cash, more than what most of us have readily available at any moment.

Making a Holiday Possible

Aside from being more conservative with where you’re going and what you’re doing, there are additional ways to spread the cost. This may not necessarily mean cutting it down, but rather making it more accessible so that your family can enjoy a holiday at the right time of the year instead of having to wait until next year.

Paying for the holiday in some form of credit makes things much easier than dropping the full amount. It allows you to slowly pay the cost off over a longer period of time. This way you aren’t risking your financial security with one huge spending. iLoans is a UK-based loans website that allows you to quickly and easily apply for a finance online.

Cutting Down Costs

Booking in advance can help you save on flight or train tickets. Be sure to look at popular holiday spots within the UK or even your own area. There might be something ideal for a short getaway that won’t cost you an arm and a leg in flight tickets and hotel bookings.

Provided you take the time to research, compare and carefully plan your spendings, you can easily make your family holiday happen as soon as you’d like to. All it takes is a bit of work.