According to a survey conducted by Starling Bank, holidaymakers tend to spend around £95.40 more per day while abroad than they would on a typical day at home.
This additional spending, combined with travel costs and accommodation expenses, adds up to approximately £688 more over the course of a one-week holiday.
Among them, 16% make a budget before their trip and manage to stick to it, showing a proactive approach to managing their finances.
These challenges highlight the importance of financial planning and awareness while on holiday to avoid unnecessary financial strain upon returning home.
The allure of indulging in a holiday experience and unexpectedly higher costs contribute to this trend.