European city break costs surge 50% in a year, research finds

Madrid was found to have the largest percentage rise out of 35 destinations analysed by Post Office Travel Money.

Research found hotel prices in three out of four popular European cities have soared by more than 50% since last summer (Alamy/PA)

Hotel prices for UK holidaymakers in three-quarters of popular European cities have soared by more than 50% since last summer, according to new research.

Madrid was found to have the largest percentage rise out of 35 destinations analysed by Post Office Travel Money, which attributed the overall increase to high demand.

A two-night stay in the Spanish capital will cost an average of £385 this summer, up from £161 last year, the study shows.