Brits love nothing more than getting more bang for their buck when it comes to overseas holidays. With this in mind, new research from the Post Office has revealed the destinations where the mighty pound will go just that bit further.
Spain and Sri Lanka have emerged as the top locations where Brits will be “quids-in” this year, with the cost of eight items, including an evening meal with drinks, coming in at just £36.14.
This is less than half the bill that would be footed by Brits in 21 other destinations and a quarter of the cost of the two most expensive holiday spots around the globe, Australia and South Korea.
The eurozone crisis has seen prices plummet on numerous activities in both Spain and Greece. For example, the cost of eating out in Spain is now 50 per cent cheaper than five years ago, and room rates have been slashed by up to 40 per cent in Greece.
Other countries that featured in the top 10 best value destinations include Turkey, where resort prices have fallen by 16 per cent (£52.89), and a higher 22 per cent in Marmaris. Bali (£40.47) and Vietnam (£43.20) have also taken over Thailand (58.31) to establish their place in the top five.
“There are growing signs that UK holidaymakers now check the value of sterling and the costs they face in overseas resorts before booking,” said Andrew Brown, Post Office Head of Travel Money.
“The destinations which benefited last year were those where the power of the pound put more money in the pocket or where the price of meals and drinks meant holiday cash stretched further - and often a combination of the two. We expect to see the same pattern emerging in 2013.”
British Airways recently placed Sri Lanka, Vietnam and Thailand in its list of top ten destinations for 2013.
The airline hailed Vietnam as “Thailand 20 years ago”, while arguing that Sir Lanka “offers a lot, from endless beaches, to elephant treks and several Unesco world heritage sites”.
Want to read the latest Post Office Worldwide Holiday Costs Barometer in full? It’s here in pdf format.Oonagh Shiel