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Three Britons in four are planing to stay in the UK this summer, rather than head overseas, with cost being seen as them most important aspect when choosing a destination by 54% of us.

And that means they think they're getting good value – with Britain seen as the second cheapest place to holiday (after Greece), figures from Voucherbox show.

Just one problem, we're wrong.

The cost of staying in Britain

When compared on cost, Britain was discovered to be the most expensive option for both accommodation and spending costs.

“We have been surprised to see just how expensive it can be for those holidaying in the UK rather than venturing abroad,” said Shane Forster from Voucherbox.

“With the amount of travel deals and cheap flights that are available online, you are very likely to be able to grab a getaway somewhere sunny and end up saving money overall.”

A night in a UK hotel costs £65.22 on average, whereas a night in a hotel in the Med costs as little as £42.50.

Hotel costs Average cost per night - source: Voucherbox

And that's before you factor in food, drinks, taxis and excustions.

Overall, the average Brit can expect to spend more than £116 a day entertaining the family on a UK holiday - but as little as £63 abroad. More than making up for the cost of the flights.

Holiday essential spending costs (£) Combined cost of typical items - source: Voucherbox

But not everywhere is equal when staycationing.

Figures from PromotionalCodes show taking a holiday in Wales spends just £94.01 on five days out for the family, while doing the same thing in London or the South East will cost you a whopping £242.86.

Activities included a visit to a theme park, a day on the beach, a trip to a stately home, a day at the museum and a trip to the zoo.

(Image: Getty)

“There are plenty of amazing place to visit in the UK that won’t break the bank,” said Darren Williams from PromotionalCodes .

“For families holidaying on a budget, then Wales is the place to go, although dependent on what you want to do, you can have a great holiday anywhere in the UK, without breaking the bank.”

Cheapest places to entertain the family

Cost of five family days out (£) Source: PromotionalCodes

Bring the costs down further

If you're looking to save money on your holiday - we round up the best cheap holiday deals here.

We've also got specific tips to saving on hotels here, as well as 19 ideas for cheap days out with the kids here.

If you're looking for a beach, but not wanting to leave Britain, these are the top 6 UK beaches, while you can find the nearest free museum to you here.

And if you're travelling by train, we've uncovered a hack to save you up to £80 on your fares when you book up to 24-hours in advance.

Oh, and here are 11 more ways to save on train fares in the UK.

And we haven't forgotten drivers either, here are 7 expert tips to using less fuel when you drive, while you can see 6 ways to find the cheapest places to fill up here.