The stunning stretch of European coastline that is now the best value holiday destination for Brits

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IF you want to get the most for your money when booking a holiday to Europe, you should opt for a trip to Portugal.

The Holiday Money Report from Post Office Travel Money has revealed the best value destination to visit in Europe.

GettyPortugal’s Algarve has been named as Europe’s best value destination in the report[/caption]

According to the report, 90 per cent of the Post Office’s 30 best selling currencies are currently weaker against the sterling compared to one year ago.

This has resulted in price falls in popular destinations across the world, including Vietnam, South Africa and Kenya.

Within the report, the Post Office Worldwide Holiday Costs Barometer found that prices for meals, drinks and other tourist items have also fallen in 25 of the 40 resorts and cities surveyed since last year.

Rather than the price of food and drink dropping, it is the strength of sterling that will make some destinations cheaper for Brits.

One of those places is Portugal‘s Algarve, which has been named as the best value destination in the report.

The Portuguese region came top of the 15 European destinations surveyed in the report.

In the Algarve, a coffee could cost as little as 88p, while a small bottle of beer can be purchased for as little as £2.20.

Meanwhile, a three course evening meal for two can costs as little as £39.52, according to the report.

These prices signify a 1.2 per cent drop in prices compared to last year.

Laura Plunkett, Head of Post Office Travel Money, said: “The barometer results make it clear how important it will be this year to consider how sterling’s strength has impacted individual destinations.

“Holidaymakers intending to travel long haul can expect to get more for their money because the pound has gained ground in most destinations.

“By comparison, sterling’s gain against the euro has been more modest so it will pay to compare eurozone destinations to see which offer the cheapest prices. Portugal and Cyprus look the best choices for bargain hunters.”

Other destinations in Portugal have also been praised for their value for money, including Lisbon, which was named the “least-expensive city in Western Europe” by the Economist Intelligence Unit earlier this year.

The research was was published in the Economist Intelligence Unit’s 2023 Worldwide Cost of Living Report, which explained how global prices had risen by an average of 7.4 per cent.

Luckily, some places managed to avoid the huge hike, including Lisbon, which took the crown as the cheapest city in Western Europe.

According to the BBC, this is largely thanks to costs in the Portuguese city remaining 56 per cent lower compared to other cities in Western Europe.

For example, a meal in an inexpensive restaurant is said to cost €12 (£10.40) per person, while a pint of beer costs around €2.50 (£2.17).

Meanwhile, shots of Ginjinha (a sweet cherry liqueur) can be purchased for as little as €1.50 (£1.30) at A Ginjinha – a historical bar in the city centre.

Meanwhile, Bratislava in Slovakia is a relatively small for a European capital, but it has a lot for visitors to explore along its streets.

Chief among them is its incredibly affordable beer selection, with pints averaging around £1.60.

Such is Bratislava‘s pull for beer drinkers, food and drinks blogger Global Treats described it as “heaven” for those who like a pint and said beer was cheaper than water in some places.

Sarajevo in Bosnia & Herzegovina is also home to cheap beers too, with a pint costing less than £2.

And this bargain European city break has been tipped to be big in 2024, with £2 beers and £15 flights.

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