The claim comes from foreign exchange firm Travelex which suggests a price hike of 18.2% - equating to £518 - in less than a year. The company calculates that an average family holiday cost £2,333 last year but will rise to £2,851 this summer. Travelex global head of retail, Vincent Arcuri, said: “Due to the price hike in family trips to Europe, it’s more important than ever travellers get the best value for money. Get the full story at Travel Weekly UK