Good news is you're hoping to fit in a city break this year - new research from Post Office Travel Money has found the typical costs of a getaway in many European hotspots have tumbled compared with a year ago. This includes Venice, Rome, Amsterdam, Madrid, Lisbon and Berlin.

A cheaper and wider choice of accommodation is said to have helped push down prices. And it seems, whatever the budget may be, holidays are a strong priority for many people this year.

A recent survey by ABTA found nearly twice as many people would sooner cut back on eating out if they needed to save money, than give up their holidays, at 25% and 13% respectively. And 18-24-year-olds were found to be most tied to their trips away, with only 6% in this age group saying they'd cut back on getaways to save money. Nearly a third (31%) said they'd curb how often they eat out instead. Similarly, 31% of people with children in their household also said they are most likely to moderate their spending on eating out.

People across the survey would also sooner reduce the amount they spend on clothing and accessories (18%) and electronic gadgets (17%) than holidays.

However, leisure activities, like going to the cinema and concerts, were activities people were least likely to cut back on (11%).

With 86% of people saying they took a holiday either at home or abroad last year, people are still firmly committed to their breaks. Victoria Bacon, ABTA's director of brand and business development, says: "We have always been a nation of people who enjoy taking holidays and it is clearly a spending priority for a lot of people, often overtaking other popular items and leisure activities.

"For those looking to go on holiday this year, but who are a bit conscious of cost, then it's really worth having a look at the deals and offers available at the moment. Many travel companies still have holidays left with free-child places or money off for summer breaks, and 60% of UK travellers say they booked a package holiday last year because it was the best value option for the price."