Best-value holidays are to Spain's Costa del Sol and Bulgaria, while Italy and France are the most expensive destinations.
Those choosing to eat out will find prices have plunged as much as 46 per cent since last year in some popular destinations. Places where meals are much cheaper include Sorrento in Italy and the Croatian resort of Porec.
However, meal prices have soared in Majorca, making it one of the most costly places to eat out.
Post Office Travel Money surveyed the price of 15 typical holiday-spend items in 13 popular European resorts as well as Orlando in Florida. These included a three-course family meal, beach items and drinks.
The best-value resort was Sunny Beach in Bulgaria where the items cost just £66. The next-best prices were in the Costa del Sol where the items were £80, followed by Crete at £87.