Brits travelling to Spain given money warning amid cost increases in mainland

If you plan on visiting Spain over the coming months, you'll likely have to fork out a lot more money than usual.

For a week's holiday, it's expected you'll need to pay at least £505 more now than you would’ve this time last year, new research has revealed.

The foreign exchange experts eurochange tracked a year-on-year comparison of accommodation fees, meals out, car hire and currency exchange rates - all of which have increased in mainland Spain.

These findings don't take into account the price of flights, which reportedly cost around 45% more now compared to last year. Therefore, the price hike is likely to be even higher.

Car hire costs were the worst hit, costing 136% more than this time last year, with Brits expecting to shell out a £609 for a week's rental, or £52 per day.

This sum is based on figures provided by car rental companies Sixt, Hertz, Avis, Budget, Enterprise and Europcar, which reveals the same rental in 2021 would have cost much less at £258 per week.

Another badly hit area was hotel prices, with a one-night stay priced at £62 in 2021 now amounting to £84 per night. Now, this means a six-night stay will set holidaymakers back £504.

Because of a loss of earnings during the pandemic, many businesses have been forced to increase their prices, meaning it's vital for tourists to plan out their holiday expenses in advance.

Restaurant meals have also seen a slight spike, with the typical dinner costing £17.50 in 2021, and now equalling £19 - a 9% increase over the last year. Based on one restaurant meal per day, that equals an average weekly spend of £133 per person.

The rising cost of food is inevitable due to inflation, but a helpful tip for holidaymakers is to research the best deals when booking other