THE best value holiday destinations have been revealed for British holidaymakers looking to get away in 2023.
A report analysing the prices of eight popular items, typically bought on holiday, has highlighted where Brits can get the best value this year.
GettyCape Town in South Africa is the destination that offers Brits the best value this year[/caption]
Post OfficeThe top 40 best value destinations based on the total price of eight holiday items[/caption]
The barometer, produced annually by the Post Office shows how much it costs in total to buy a three-course meal for two with wine, a cup of coffee, a bottle of local beer, a can of cola, a glass of wine, a bottle of still water, suncream and insect repellent.
The items are considered representative of the things UK tourists are most likely to make when on holiday.
The report shows that the destination with the best value for Brits is Cape Town, South Africa.
The city presents good value for money for Brits due to the South African rand’s sharp fall of almost 16 per cent against the pound in recent months, as well as cheap pricing in restaurants and bars.
The eight tourist items prices came to a total price of £51 – the cheapest of the 40 destinations analysed by the report.
The popular Red Sea resort of Sharm el-Sheikh has also made the best value top 10 on the back of the dramatic fall of the Egyptian pound in recent months.
In 10th place, with a total cost of £73 for the eight barometer items, Sharm is expected to benefit from a resurgence in demand after years when flights to the region were suspended.
Only three European destinations have made the best value top 10 this year.
With a 19.2 per cent fall in the value of the Turkish lira, Marmaris is runner-up in this year’s list.
However, prices have more than doubled in the resort since last year because of inflation and a 55 per cent rise in the minimum wage in Turkey’s bars and restaurants.
In third place Sunny Beach, Bulgaria is only slightly more expensive than Marmaris but here too prices have risen steeply by 20 per
cent.
In fifth place, Portugal’s Algarve is cheapest of nine Eurozone destinations surveyed but prices have risen by a third since last year.
This percentage price rise is in line with increases in Spain’s Costa del Sol (11th), Paphos, Cyprus (12th), Funchal, Madeira (14th) and Sliema, Malta (20th), which have all dropped out of the leading 10 destinations.
However, increasing costs are less of an issue in Corfu.
The Greek resort has risen five places in the table to 13th with a small 4.2 per cent price rise.
Given the weakness of sterling against most holiday currencies, Ed Dutton of Post Office Travel Money said Brits should shop around and consider several holidays this year.
He said: “It will pay to be flexible when deciding on a holiday destination.
“The Egyptian pound and South African rand have been losing ground against sterling recently, while Latin American currencies like the Mexican peso and Costa Rican colon have been surging in value.
“Sterling is also continuing to rise and fall against the euro with no obvious sign of settling into a steady pattern.
“We advise holidaymakers to watch daily exchange rate movements before booking and buy their holiday cash when they see sterling move up against the currency for their chosen destination.”
Antonio Fellino, Managing Director at Travel Republic, said: “Britons are considering their options more carefully and really looking hard at how they get great value from the package they book and the destination they’re travelling to.
“So, it’s not surprising that places like Egypt and Turkey are seeing a significant increase in popularity this year because of the all-round amazing value they offer.”
Meanwhile this travel expert follows these three steps to keep their holiday costs down.
Booking a mystery holiday is another way to get a holiday for cheap.
GettyThe popular Red Sea resort of Sharm el-Sheikh has also made the best value top 10[/caption]
GettyMarmaris in Turkey is the cheapest European destination for Brits this summer[/caption]
AFPIn third place Sunny Beach, Bulgaria is only slightly more expensive than Marmaris[/caption] Read More