Cost

Bulgaria has been Named the Cheapest Place to Go on Holiday for the Second Year Running

If you're planning a holiday without a budget-breaking bill, this travel news has arrived at the perfect time.

For the second year in a row, Bulgaria has been named the cheapest holiday destination of the year in the Post Office's annual Holiday Costs Barometer.

The Sun: Bulgaria is the Cheapest Place for a Family Holiday - AND it Costs Less than in 2017

IF you still haven't booked the summer holiday, it's time to head east.

The best value place to take a break in Europe is Bulgaria - and even it's even cheaper than last year.

Research by M&S Bank has shown that holidays for families are cheaper by 1.4 per cent this year than in 2017, a saving of £56, with Sunny Beach in Bulgaria coming out on top.

The Cheapest Holiday Destination for 2018? Bulgaria.

The cheapest holiday destination for 2018? According to the Post Office's annual survey of on-the-ground costs, it's offbeat Bulgaria.

After comparing prices in 42 destinations, for typical travel purchases such as drinks in local bars and restaurant meals, the Black Sea resort of Sunny Beach supplanted the Algarve as the top option for budget breaks.

Bulgaria's Sunny Beach Tops Bargain Destinations for UK Tourists in Europe - Survey

Bulgaria's Black Sea resort of Sunny Beach remains the best value-for-money holiday destination for British tourists in 2016 for the third straight year, a new survey has shown.

"Cheap local prices in the 10 best value resorts in Europe have cushioned the impact of sterling's slide," the 10th annual UK Post Office Travel Money Holiday Costs Barometer has found.

Foreign exchange rate and wage pressure on companies

The huge value losses of the Turkish Lira against the dollar and the euro throughout 2015, as well as the increase in the minimum wage and personnel expenses in general, are raising costs in all sectors. It seems as if this dual pressure, in the face of shrinking domestic and international demand, will make it quite a tough year for company managers.

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