Britons are quids in in Majorca this Summer

Fierce competition to attract back UK holiday makers put a gap of £8-9 between the top four resorts and fifth-placed Majorca, Palma Nova to be exact, (£55.46), where prices have fallen 8.8 per cent in a year, while Mahon, in Minorca, comes in as the sixteenth costliest destination.

The most expensive resort on the list was the Jumeirah region of Dubai in the United Arab Emirates, where items cost £103.23.
A cup of coffee in a bar or cafe in Albuefeira was 93p, but as much as £3.91 in Dubai.
Albufeira was only fractionally cheaper than in Torremolinos in southern Spain, where the items cost £46.50, and Javea on Spain's Costa Blanca (£47.14)
Prices at these three resorts are between 15% and 20% lower than this time last year.
Andrew Brown of Post Office Travel Money said: “The pound may be worth less in Europe than a year ago but fierce competition means that lower prices in several of the resorts we surveyed can easily offset the falling value of sterling. “Taking some time to check out resort costs and add them to package prices to find the best overall deal will pay dividends this summer.” Italy is still proving an expensive place to visit. Sorrento (£101.79) and the region of Tuscany (£94.92) were the second and third dearest destinations.

While a three-course evening meal for two, with wine, was just £20.56 in Albufeira, it was as much as £70.09 in Tuscany.
Andrew Brown said: “With the continuing volatility of sterling, holiday makers should budget carefully and take enough spending money to cover all the costs they are likely to incur while abroad. Running out of cash and having to use an overseas ATM or pay on a card that incurs extra charges could pack an unpleasant punch when the bank or credit card statement arrives. Allow time to buy foreign currency before leaving home because changing money at the airport means losing out by getting a poor rate.”