Last-minute beach vacation in the shadow of inflation

Rising prices around the world pose a challenge for those planning beach vacations, even for bargain, last-minute trips.
A week’s beach vacation in southern Europe is still much cheaper than in the Caribbean or the United States. The region is also very competitive in terms of prices compared to premium emerging market destinations such as Belize, Maldives, Mauritius, Seychelles and Sri Lanka.

Bermuda remains the most expensive beach holiday destination – almost three times as expensive as southern Europe.
According to Allianz Hungária’s travel insurance experience, southern European beaches are also popular destinations among Hungarians in the summer. According to their survey last year, due to inflation, almost half of the respondents can no longer afford to travel as often and to the places they want.

August and September are a great time to relax on a beach after work, if your budget allows. Thus, those who have not yet booked their vacation can grab favorable offers from travel agencies, but the question is how the rising prices affect our plans. In a recent report from Allianz Research, it examines the impact of inflation on attendance at Europe’s popular beach resorts, comparing the data to global destinations.