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The cost of living is rising everywhere, and holiday prices are no exception. A 2019 holiday budget won't cut it today. Whether you are planning a beach getaway, a city adventure, a mountain retreat, or even a weekend staycation, careful budgeting is essential.
In this article, we break down the factors that influence a 1-week holiday cost, and the average price range you can expect to incur.
Destination - The cost of living varies by location. While popular cities and exotic islands are more expensive, less touristy places tend to be cheaper.
Time of year - Travelling during peak season costs more. Off-season travel, when fewer people are booking flights and accommodations is often cheaper.
Flight prices - Airfare can fluctuate depending on various factors. Booking early can get you better deals through discounts and promotions.
Accommodation type - Luxury hotels charge a premium, while budget hotels and hostels are cheaper. Vacation rentals can be a good middle-ground. Consider checking out various options before settling on your accommodation.
Dining choices - Eating at high-end restaurants is more expensive than street food and local cafes. You can opt to mix both to help control costs, especially if you are on a budget.
Activities and attractions - Some activities are pricey while others are budget-friendly. You can always find free or low-cost attractions that can help save money or mix your activities and site visitations to balance your budget.
Transportation - There are different options when it comes to transportation. If you opt for public transport, you will save more. However, it may not be convenient for you. Renting a car or using ride-sharing services can be more convenient but costly. Consider your options.
Miscellaneous expenses - Miscellaneous expenses such as souvenirs, tips, and other unexpected costs always add up. When budgeting, make sure to include a little extra for these.
The cost of a one-week holiday in 2024 varies widely based on your destination, travel style, and personal preferences. Generally, here is what you can expect;
Airfare is often one of the most significant expenses when planning a holiday. In 2024, the average cost of a round-trip flight can vary greatly depending on your destination and travel class.
For domestic trips in Economy Class, expect to pay between $200 to $500. International flights might range from $500 to $1,200. If you fly Domestic business class, tickets typically cost between $600 to $1,200, while international flights can range from $2,000 to $5,000.
Accommodation costs depend on the type of lodging you choose and the destination. Budget Hotels and Hostels may range from $50 to $150 per night. For Mid-range hotels, expect to pay between $100 to $300 per night, and from $300 to $1,000 or more for luxury hotels.
Dining expenses can vary based on your eating habits and the destination's cost of living. Budget dining, such as opting for street food, local cafes, and budget restaurants, might cost you around $20 to $50 per day.
Mid-range dining may cost you between $50 to $150 per day for a mix of casual and nicer dining experiences. For a more luxurious experience, dining can go up to $150 to $300 per day.
Local transportation costs depend on the destination and your preferred mode of travel. Public transport is the cheapest, costing between $20 to $50 for a weekly pass for buses, trains, or trams.
Renting a car can cost between $200 to $500 for a week, excluding fuel, while ride-sharing/ taxi may range from $20 to $100 depending on frequency and distance.
The cost of activities and entertainment varies depending on your interests and the destination. Budget activities such as museums, parks, and free attraction sites can keep costs low, averaging $10 to $50 per day.
Mid-range activities such as popular tourist attractions, guided tours, and excursions might cost between $50 to $150 per day, while luxury activities, like private tours, special events, and high-end entertainment can range from $150 to $500 per day.
Note that this is just an average estimation for just one person. There is no one-size-fits-all when it comes to holiday costs. Every trip widely varies depending on the number of people travelling, the season, the type of accommodation, and more.
We are a family of 4 - mother, father and two children. Our aim is to travel the world and review all travel opportunities to help other families.
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