Vacation Inflation: Where to Travel from Czechia and Save Money This Holiday Season

The worst holiday destination in terms of inflation for the average family this year is Hungary, where visitors will pay 28.4% more than last year.

According to analysis by Cyrrus, holidays in the Czech Republic will cost 16.6% more year over year, followed by Poland at 15.3%, and Croatia at 9.6%.

In contrast, there is almost no change in prices for families to holiday in Ireland, where travelers will pay 0.4% extra. Compared to last year, it may be cheaper for Czechs in Sweden and Malta, by 2.8% and 6.6% respectively.

The analysis compares countries by inflation and the exchange rate to the Czech koruna. For holidaymakers, inflation also depends on their specific purchasing behavior, so the analysis provides four model examples with different purchasing behaviors.

The authors then calculated basket inflation in all EU countries and took into account the year over year change in the exchange rate of the Czech koruna.

The Czech koruna has weakened slightly against the Hungarian forint over the past twelve months, which, according to the analysis, makes the Hungarian price increase even more painful for Czech tourists. Against the Swedish krona, on the other hand, the Czech koruna has strengthened noticeably, which dampens inflation for Czech travelers there.

According to the Cyrrus models, for a childless couple on summer holidays, Hungary is at a disadvantage this year with inflation at 25.8%. Those on holiday in the Czech Republic will experience annual inflation of 15.7%, 13.2% in Poland, and 12.2% in Croatia.

On the other hand, prices are being held in check in Malta, which is experiencing inflation of 2.3%, and in Luxembourg, which only increased by 1.8%. Sweden reports a significant price decline of 5.8%, according to the analysis.

Even for the model case of a single traveler, the analysis does not recommend Hungary in relation to inflation. A single person will spend 27.5% more this year than last year in Hungary which is followed by Poland at 10.9%, the Czech Republic at 5.4% and Slovakia at 4.9%.

In Sweden, the cost of travel will be 6.6% cheaper year over year, in Portugal 8.3%, and in Ireland 10.7%.

Hungary should also be avoided by those looking to party as they could face prices 27.8% higher there. Parties are also more expensive in Poland, by 13.3%, in the Czech Republic, by 12.7%, and in Croatia, by 10.4%.

Party-goers may find inflation significantly dampened by holidays in the Netherlands, where they will find prices 1.2% higher, or in Finland, with a 1.2% increase as well. The only EU country where they can enjoy them at lower prices this year is Sweden, with a 6% drop.