The Worldwide Vacation Costs Barometer report, prepared by Post Office travel Money comparing the cost of eight days' worth of attractions in 40 cities and resorts around the world, to see if Britons will get more value for their hard-earned cash, includes a basket of produce, a three-course meal for two, wine, a It includes a cup of coffee, a bottle of local beer, a can of Coke and sunscreen.
The survey in the 17-year vacation money report prepared by post office travel Money showed that the value of the sterling, despite the decrease in inflation, is more valuable abroad than a year ago, and also revealed that holidaymakers can bargain in a destination where prices are low or inflation is high. Although prices have increased in 80 percent of resorts and cities, the report, prepared in partnership with online travel agency Travel Republic, found that prices fell year-over-year in 6 of the 10 lowest-priced destinations.
According to the worldwide barometer of holiday costs prepared by Post Office Travel Money, Cape Town is the first place in 2023, where British tourists can spend the longest holiday by spending pounds, while Marmaris in Turkey is ranked second as the place where British tourists can spend their holidays at affordable prices. In contrast, Reykjavik in Iceland, where a beer costs £8.51 (approximately £103) was chosen as the most expensive and worst holiday destination for British holidaymakers. According to the report, the cost of holiday packages in Cape Town, South Africa, is around 16 percent year-on-year after the pound's excellent appreciation in Cape Town, which rose from fourth to first last year, and the South African rand plummeted by nearly 16 percent against the pound in recent months. 8.4 became cheaper at £51.
The same holiday package is priced at just under £58 in second-ranked Marmaris, one of three destinations that ranked first last year and made it to the top 10 in Europe. According to the report, prices have more than doubled since last year due to inflationary pressures and the 55 percent increase in the mandatory minimum wage in bars and restaurants in Turkey, while the third place Sunny Beach is only 71 pence more expensive than Marmaris with 58 pounds. prices increased by 20 percent. Kenya's Mombasa, where facility costs dropped by 3.4 percent to around £59, ranks fourth, while Portugal's Algarve, as the fifth cheapest destination for British vacations, stands out as the cheapest among the nine Eurozone destinations surveyed. It has increased by a third since last year to reach £60.
However, while the survey found that despite the depreciation of the sterling and inflation abroad, vacationers can still bargain to go to a destination where prices are falling, Ed Dutton, Director of the Post Financial Services Portfolio, evaluated the survey's findings: "Check exchange rate movements and holiday base costs before booking to see if you can get more holiday benefit for your sterling, but be aware that sterling gains can be canceled out by large resort price increases, as evidenced by the increase in Turkey."
The survey in the 17-year vacation money report prepared by post office travel Money showed that the value of the sterling, despite the decrease in inflation, is more valuable abroad than a year ago, and also revealed that holidaymakers can bargain in a destination where prices are low or inflation is high. Although prices have increased in 80 percent of resorts and cities, the report, prepared in partnership with online travel agency Travel Republic, found that prices fell year-over-year in 6 of the 10 lowest-priced destinations.
According to the worldwide barometer of holiday costs prepared by Post Office Travel Money, Cape Town is the first place in 2023, where British tourists can spend the longest holiday by spending pounds, while Marmaris in Turkey is ranked second as the place where British tourists can spend their holidays at affordable prices. In contrast, Reykjavik in Iceland, where a beer costs £8.51 (approximately £103) was chosen as the most expensive and worst holiday destination for British holidaymakers. According to the report, the cost of holiday packages in Cape Town, South Africa, is around 16 percent year-on-year after the pound's excellent appreciation in Cape Town, which rose from fourth to first last year, and the South African rand plummeted by nearly 16 percent against the pound in recent months. 8.4 became cheaper at £51.
The same holiday package is priced at just under £58 in second-ranked Marmaris, one of three destinations that ranked first last year and made it to the top 10 in Europe. According to the report, prices have more than doubled since last year due to inflationary pressures and the 55 percent increase in the mandatory minimum wage in bars and restaurants in Turkey, while the third place Sunny Beach is only 71 pence more expensive than Marmaris with 58 pounds. prices increased by 20 percent. Kenya's Mombasa, where facility costs dropped by 3.4 percent to around £59, ranks fourth, while Portugal's Algarve, as the fifth cheapest destination for British vacations, stands out as the cheapest among the nine Eurozone destinations surveyed. It has increased by a third since last year to reach £60.
However, while the survey found that despite the depreciation of the sterling and inflation abroad, vacationers can still bargain to go to a destination where prices are falling, Ed Dutton, Director of the Post Financial Services Portfolio, evaluated the survey's findings: "Check exchange rate movements and holiday base costs before booking to see if you can get more holiday benefit for your sterling, but be aware that sterling gains can be canceled out by large resort price increases, as evidenced by the increase in Turkey."
