The Post Office's Holiday Money Report highlights the destinations around the world where travelers' money is set to go that little bit further this year.
Amidst economic challenges and rising living costs, many are hesitant to spend freely, but travel remains a cherished exception. A study by Amex Travel indicates a robust interest in travel among Brits, with nearly half planning significant trips this year and over half saving for a dream vacation.
The pandemic has transformed travel habits, making today's travelers more adept at finding great deals. The 18th annual Holiday Money Report from Post Office Travel Money provides valuable insights, identifying global destinations where your dollar stretches further. This year, Vietnam, particularly Hội An, emerges as a top choice for budget-conscious travelers due to its affordable dining and entertainment options and the declining value of the Vietnamese dong.
The Worldwide Holiday Costs Barometer from the Post Office tracks the local cost of eight popular tourist items. Hội An excels in affordability, with notable savings on beer ($1.46 USD), Coca-Cola ($0.91 USD), and suncream ($4.66 USD). This scenic coastal city, known for its relaxed atmosphere and rich history, offers a perfect blend of relaxation and cultural exploration, from pristine beaches to the vibrant Hội An Night Market.
The 2024 rankings place Cape Town and Mombasa as the second and third most affordable destinations, respectively, with Tokyo and Portugal’s Algarve following. The report also highlights the Euro's popularity, showing an 8% sales increase in 2024. Meanwhile, Turkey remains a great value, especially as the Turkish Lira's value decreases, providing US travelers significantly more for their money.
Below is a list of the world’s most economical and priciest travel spots, ranked by the average cost of everyday tourist purchases like meals and beverages.
**Cheapest Destinations:**
1. Hoi An, Vietnam: $64.47 USD
2. Cape Town, South Africa: $68.48 USD
3. Mombasa, Kenya: $69.22 USD
4. Tokyo, Japan: $74.41 USD
5. Algarve, Portugal: $75.17 USD
6. Sharm el-Sheikh, Egypt: $77.32 USD
7. Sunny Beach, Bulgaria: $78.75 USD
8. Kuta, Bali: $79.76 USD
9. Marmaris, Turkey: $83.22 USD
10. Paphos, Cyprus: $92.38 USD
**Most Expensive Destinations:**
1. Tamarindo, Costa Rica: $199.21 USD
2. New York, USA: $180.61 USD
3. St John's, Antigua: $174.46 USD
4. Rodney Bay, St Lucia: $173.17 USD
5. Bridgetown, Barbados: $170.02 USD
6. Downtown Dubai, Dubai: $169.28 USD
7. Scarborough, Tobago: $164.63 USD
8. Cancun, Mexico: $160.30 USD
9. Darwin, Australia: $159.29 USD
10. Punta Cana, Dominican Republic: $157.14 USD
