Britons were hit with more than £200 ($229) in rent, food and fuel bills after a winter holiday package sold out in 24 hours this week.
EasyJet ( ESYJY ) vacations, owned by British low-cost airline EasyJet ( ESYJY ), on Monday launched a 28-day “Escape the UK” vacation package in Hurghada, Egypt, targeting consumers who work remotely. The company said Tuesday it was sold out but did not say how many passengers were booked for the trip.
All inclusive holidays, starting in early January, they cost £650 ($736) per person and include return flights, checked baggage, five-star hotel accommodation, all meals, snacks, bottomless drinks, Wi-Fi and airport transfers.
According to the company’s calculations, which it said are based on data from the Office for National Statistics and property website Rightmove, the average 28-day spend of a person renting in the UK is £877. This amount includes payments for rent, utility bills, internet, food, travel and streaming subscriptions.
Average rental costs were considered in the calculation rather than mortgage costs because they are “It’s more direct than staying at a hotel,” a company spokesperson told CNN Business.
“Without paying fuel bills, petrol costs or food bills, the holiday works out to be £227 ($257) cheaper per person than staying in the UK,” said EasyJet holidays in a press release.
According to revised ONS data According to CNN, the average family spent £1,926 ($2,180) per month between April 2020 and March 2021.
Divided by 2.3 (the average number of people per household) the monthly costs are £837 ($947) per person, almost £190 ($215) more expensive than an EasyJet holiday package holiday.
The cost of rent, food and energy have soared since March 2021, plunging millions of families into the worst cost-of-living crisis in decades. Last month, consumer price inflation rose to 10.1% in July, the highest rate in 40 years.
Data from Rightmove showed that national asking rent prices – excluding London – increased by 11% in the last quarter compared to the previous year.
Britons are also struggling to keep the lights on as energy bills soar. The average annual household energy bill rose 96% from last October to £2,500 ($2,830) this month.
Holiday maker EasyJet said it took into account the average cost of gas and electricity bills this winter in its calculation, which was £68 ($77) over a 28-day period.
But Brits who booked a package holiday won’t necessarily save money, personal finance analyst Sarah Coles Hargreaves Lansdown told CNN Business.
“Housing costs tend to be the biggest outgoings and unfortunately your mortgage company or landlord won’t let you make your payment that month because you’ve decided to go on holiday,” he said.
Coles added that the household energy bill includes a standing charge, which must be paid even if no energy is used. It is also not possible to pay for the Internet for a month, sell some TV services and local taxes, he said.
“The practicalities of it don’t really work,” he said.