Lanzarote is known for its volcanic landscape, beautiful beaches, and year-round sunshine. It is a popular tourist destination for people from the rest of Europe and countries all over the world. The cost of a holiday can vary depending on your budget, here you have a guide of how much money do you need for a trip to Lanzarote. Keep reading!
Cost breakdown by category
The amount of money you will need during your holidays in Lanzarote depends on your travel style, and what you plan to do on the island. Are you travelling on a budget, or can you afford a luxury holiday?
There are options for any traveller. What you need to do is plan ahead to calculate how much money you need, and how you will spend it.
To help you make the figuring, we tell you the main expenses that you must consider:
Flights
Flights to Lanzarote from London can cost €60 at a very low-fare ticket, but the most common fare you can expect can be up to €100-200.
From the mainland Spain, the Madrid -> Lanzarote flights can cost as little as €37, but the average prices are around €95 from different cities in Spain.
Accommodation
There are several options to book in Lanzarote, from hostels to resorts. The average cost of a hotel room in Lanzarote is around €150-170 per night for a double-occupancy room. A single person can pay €70-85/night on a mid-range hotel.
If you are travelling on a budget, you can find hostels for €41 per person/night. And if you want a luxury accommodation, the cost can go up to 181 euros per person.
Keep in mind, the fares can vary depending on the season and if you book early.
Food
The food in Lanzarote is affordable. You can expect to pay around €14-18 for a meal at a mid-range restaurant. This is the cost of eating out in Costa Teguise, Lanzarote, and other destinations.
Daily, you can expect to spend €50-70 on food and drinks.
Activities
There are many things to do in Lanzarote, from hiking and swimming to visiting museums and historical sites. The cost of activities will vary depending on what you choose to do. You could spend around €15-30 per day for entertainment.
We recommend asking about the price of the excursions in Lanzarote in advance.
Transportation
You can get around Lanzarote by car, this will give you the freedom to explore the island at your own pace. Renting a car in Lanzarote can cost €15-50 per day, and you have to add the cost of petrol.
The bus tickets are from €1-3 per ticket. You can buy a card if you are staying for several days, and save money.
There are also taxis and transfers from Lanzarote airport to Puerto del Carmen and other towns available that are cheaper if you are on a budget.
How much money do you need for a trip to Lanzarote?
The cost of a trip to Lanzarote will vary depending on your budget. You can expect to spend around €80-150 per day.
Solo traveller
A mid-range 7-day trip for one adult can cost €600 – €1,200 total. Including flights, accommodation, food, transportation, and activities. You can add an extra for travel insurance and souvenirs to your budget.
Couples
Continuing with the example of a mid-range 7-day trip, a couple can spend on average €1000 – €2500. If you prefer a budget style travel, you can get closer to 1600 euros, or if you go for a luxury travel, your budget can be more than €3000.
Families (2 adults + 2 kids)
A 7-day trip for a family, if you are on a mid-range budget, can cost €1800 – €3600, including flights, accommodation, food, and activities. You can save money and expend less or go for a luxury trip and the budget can go up to more than €5000.
Keep in mind these are approximate prices, and can vary depending on the dates, your luggage, place of accommodation, food you prefer, and activities you do on the island.
Also, keep in mind that the cost of transportation varies a lot according to the option you choose.
If you are on a tight budget, you can save money by staying in hostels or guest houses. And eat at local restaurants, taking advantage of free activities, like visiting the beaches and natural pools. But, if you have a more flexible budget, you can splurge on a nicer hotel, restaurants, and activities.
Hidden costs and travel requirements
There are some hidden costs that you can ignore or forget to include on your budget.
Tourist taxes and extra fees
In Lanzarote there are no special taxes for tourists, but there are taxes included in quotes or added at checkout, like the IGIC (Canary Islands General Indirect Tax) that is 7 %, in mainland Spain is 21 %.
All departing passengers pay an airport fee of 11.03 euros.
Minimum balance requirement at Spanish border
Something to keep in mind is that non-European citizens must prove they have enough money to cover the expenses of the trip. The amount is set at 100 euros per day and 900 for the entire trip.
You can have them in credit cards, cash, bank accounts, traveller’s checks, etc. Border officials may ask you to prove that you have the money.
Tips for saving money on your trip to Lanzarote
- Book your flights and accommodation in advance. The earlier you book, the more likely you are to get a good deal.
- Be flexible with the date of the trip. So you will have the opportunity to find cheaper flights.
- Consider staying in smaller towns or villages. Accommodation in these areas is often cheaper than in the main tourist resorts.
- Eat at local restaurants. You will find that food is much cheaper at local restaurants than at tourist places.
- If you are in one of the main towns, like Costa Teguise, choose a restaurant away from the centre. So you have more chances of finding a menu at lower prices.
- Prepare your own food if possible, it is cheaper than eating in restaurants every day.
- Shop at supermarkets like HiperDino, and visit local markets.
- Get a Bono Bus card. If you are planning to move around by bus, you can get a 30% discount.
- Take advantage of free activities. There are many free things to do in Lanzarote, such as hiking, swimming, and exploring the island’s many parks and gardens.
- Bring your own sunscreen, sunglasses, and hat. These items are expensive to buy in Lanzarote, so it’s best to bring your own from home.
- Lanzarote’s prices fluctuate significantly by season due to tourism demand, weather, and events. In high season, in summer, you can expect crowds and cost up to 20-40 % higher than low season. Low season (winter) is cheaper, and the other seasons offer mid-range prices.
Do I need to take cash to Lanzarote?
Having cash in Lanzarote is always a good idea. You can use other payment options, like credit or debit cards, but cash has some advantages. For example, everyone will accept cash in restaurants or stores.
Also, by having cash, you will not have to search for an ATM in Lanzarote. This will save you time that you can spend enjoying your holiday. Also, when you withdraw money from an ATM, there may be a charge to your account.
When you travel to Lanzarote, it is better to bring low denomination euro bills. So you won’t have any problem when you go to pay. If you are going to pay a small invoice with a high denomination bill, it is likely that they will reject it. This doesn’t happen only in Lanzarote, but anywhere in Spain.
You can also take cash from your country and change it to Euros in Lanzarote. Make sure they offer you a suitable exchange rate.
In summary, although it is possible to use ATMs, change your money into euros or pay by card in most establishments, it is better to always carry some cash.
To sum up
No matter what your budget is, you can have a great time in Lanzarote. The island has something to offer everyone, from stunning scenery to delicious food to exciting activities. So start planning your trip today!
How much money do you need for a trip to Lanzarote will vary depending on if you are a solo traveller (~€600), a couple (~€1000) or a family (~€1800). And also, if you want to travel on a budget, mid-range or on a luxury basis.
Our company seeks to deliver the best service you can find on the island today. We seek to optimise our clients’ time and resources, which is why we respect the schedules and offer the best prices for different transfers.
