Post Office's Holiday Money Report reveals best value destinations

The release of the Post Office's annual Holiday Money Report 2022 makes for interesting reading, especially if you're looking to make your money go a little bit further this year.

A summer's day on the Turquoise Coast in Turkey © Roxana - Fotolia.com
A summer's day on the Turquoise Coast in Turkey © Roxana - Fotolia.com

The Worldwide Holiday Costs Barometer, whose findings are based on surveys carried out in 36 destinations, gives a detailed breakdown of the averages prices for a number of everyday items such as a cup of coffee, a bottle of beer and suncream.

Interestingly, if perhaps not surprisingly, many major holiday destinations have seen a drop in prices, which is good news for holidaymakers.

This year, Turkey and Bulgaria are the overall winners when it comes to offering great value. In Marmaris, prices are down nearly 37%, which has propelled it ahead of the previous title holder, Sunny Beach in Bulgaria.

Meanwhile, within the Eurozone, the Algarve in Portugal remains cheapest and sits in third place behind Sunny Beach, although ranking some 25% cheaper than the Costa del Sol which is in sixth place.

As for long haul destinations, Cape Town in South Africa is the most affordable with prices there down some 1.6%, although the inevitable hike in fuel costs that will affect the price of flights may offset any on-the-ground benefits.

As for where's pricey, Reykjavik in Iceland takes the top spot, followed closely by Barbados and Dubai, which have all seen price increases of over 20%. The cost of living items have also increased in Sri Lanka (26%) and Mexico, especially Cancun, which is up 22%.

The top 10 best value destinations are as follows:

Position Destination Costs
1 Marmaris, Turkey £26.13
2 Sunny Beach, Bulgaria £26.19
3 Algarve, Portugal £44.39
4 Cape Town, South Africa £53.23
5 Paphos, Cyprus £56.44
6 Costa del Sol, Spain £59.56
7 Mombassa, Kenya £61.30
8 Funchal, Madeira £64.05
9 Sliema, Malta £65.35
10 Orlando, USA £67.01

Ready to book your 2022 escape? Check out the latest deals on holidays, flights and more to the above great value destinations today.

Posted on Friday 25 March 2022

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