Want to save money on holiday? Think about exchange rates!
Added 10/10/2023
Hoi An in Vietnam was rated the most affordable holiday destination
One way to get the best value from your holiday budget is to think about currency exchange rates and where the pound in your pocket will go further.
Each year, the Post Office conducts its annual Travel Money Long-Haul Holiday Report, in which it looks at which long haul destinations will give us the most bang for our buck.
The good news from this year’s report is that, thanks to an increase in the value of the pound, Brits planning long-haul winter-sun holidays can expect to pay less once they get to resort than they did a year ago, with 88% of destinations surveyed becoming more affordable.
The Far East stands out as a good value destination, with 5 of the top 10 affordable resorts and cities.
The Vietnamese resort town of Hoi An has topped the chart for the second year running, with a total expenditure of £52.66 for a basket of 10 essential tourist items, including a three-course dinner for two and assorted drinks.
Hoi An emerged 11% cheaper than its closest competitors, Mombasa Beach in Kenya and Cape Town in South Africa.
Other destinations coming out strong in the affordability stakes are Bali, Tokyo and Sharm el-Sheikh.
Amongst the 30 destinations surveyed, Barbados and New York came out as the most expensive, with a basket price of £169 and £152 respectively, although even these have dropped since last year.
It seems long-haul resorts have not suffered from the same price inflation as we have seen at home and in Europe over the last year, and that, combined with a more favourable exchange rate is helping to make travellers money stretch further.
Great news if you are planning a winter holiday!
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