A brand new family vacation could cost you a fortune if you’re a busy parent or a busy employer.
A new study by the consumer consulting firm PricewaterhouseCoopers shows that the cost of a family vacation to Mexico can be as much as $6,000 more than if you rent a cabin in the U.S. or Canada.
Pricewaterhouse is estimating the average price tag for a two-week family vacation in Mexico, including lodging, meals, entertainment, transportation and entertainment costs, at $10,000 to $14,000.
The study, released Friday, said it is the first comprehensive look at how much it would cost to book an annual family vacation, and found that the average cost in Mexico is $6.6 million to $7.9 million.
“The most common response I get is, ‘How much does it cost to fly?,’ and I say, ‘I don’t know,'” said Robyn Hildebrand, who oversees travel and hospitality for Pricewater’s U.K. office.
She added that the price tag is “very misleading.”
“If you go to the airport and they give you the lowest price for an airport ticket, that’s usually the reason you don’t go,” Hildebrat said.
This is the most expensive vacation in the world, Pricewater said, with an average of $5,000 per person.
It was based on an analysis of a year of data from Pricewater, and the analysis doesn’t account for the cost and service charges of the trip, such as airfare, hotel room rates, food, and transportation.
As for the typical price of a Mexican vacation, Pricewatch found that an average family of four in Mexico will pay $2,500 to $3,000, with the cost for a single person and a couple of children to cover everything from a car rental to hotel accommodations and transportation to food and lodging.
And a family of five will pay an average $5.3 million, with a total of $19.7 million in costs, including hotel room and meals, for a total price of $25,000 for the trip.
While Pricewater doesn’t break out the cost per person, the average family will pay around $2 million for a one-day stay, and $1.8 million for two-day stays.
The average cost for the three-day trip is around $3.3 to $4.1 million, according to the report.
Mexico is also the cheapest destination in the Americas for family travel, according the report, with travel costs being lower than in Europe, Africa, and Asia.
Even in the United States, a trip to Mexico costs $7,400 per person per day, with many people staying for as long as eight days, the report found.
It is possible to book a two to three-night stay at a Mexico resort, with most hotels offering at least three nights for $1,000 a night, the Pricewater report found, and many offer a four-night package for as little as $800.
When the study was done in 2014, Pricetrack said that hotels in Mexico were the most popular destinations, with prices as low as $3 per night in the resort town of Monterrey.
But many hotels in the Mexican resort towns of Puebla, Tepic, and Guanajuato were also among the cheapest.
There is one major exception to that trend, the study said, where hotels in Pueblo, Tampico, and Nuevo Laredo are the most affordable, with rates ranging from $1 per night for a three-bedroom suite to $1 to $2 per night per room for a four bedroom suite.
Despite the high prices, the cost to travel in Mexico for families is not cheap, Pricetrack said.
The Pricewater study, however, found that most travelers stay in the country for the sole purpose of enjoying the country and making new friends, rather than for any other reason.
Travel is a big part of a trip, and families are very important to the tourism industry, said Pricewater CEO Chris Smith.
He said that many travelers also want to get away from the stresses of everyday life and the pressures of the office and home.
With the number of families in Mexico growing at an exponential rate, Smith said that there is a need for a better understanding of what kind of family vacation is most affordable for consumers and employers.
That could mean that a hotel that has been around for years could offer more value to the consumer in terms of price, Smith added.
Smith said that Pricewater is not calling for a boycott of Mexico, and he believes that the country is more open to tourism than many other nations. I don