Brits in search of a winter sun holiday that’s not too hard on the wallet won’t necessarily find it in Europe, where poor euro exchange rates are putting a squeeze on continental travel.
But some far-flung destinations are proving to be more affordable, with Sri Lanka offering the best value, according to the latest annual report by Post Office Travel Money.
The research looked at the lowest average price of a ‘basket’ of 10 items likely to be bought by tourists in 28 destinations. They include a beer, bottle of water, suncream, three-course meal for two with wine and cup of coffee – with Sri Lanka proving to be the best–value destination for the second year running, with prices for tourists down by a third this year.
Thailand was ranked in second place for long-haul value, closely followed by Vietnam and Mexico.
Post Office Travel Money head Sarah Munro said: “Things are looking up for hard-pressed holidaymakers. After a summer when the weak UK pound bought less holiday cash in Europe, tourists heading further afield for winter sun can look forward to seeing their pounds stretch further in most long-haul destinations.”
Munro added that prices have fallen in two-thirds of the countries surveyed a year ago: “Plus, sterling has strengthened against 15 of 26 long-haul country currencies. For example, the UK pound will buy over 19% more Kenyan shillings than a year ago and is also stronger against Caribbean and Latin-American currencies. Holidaymakers visiting the USA, Dubai and Egypt will be quids in too.”
In contrast, a weak pound against the Aussie dollar has made Australia one of the top five most expensive destinations to spend your cash, along with New Zealand, Miami, China and Hong Kong, according to the research.
While a basket of 10 items cost just £31.81 in Sri Lanka, the same products in Hong Kong- the most expensive featured destination overall – add up to £132.06.
Hong Kong also came out as the most expensive place to have a coffee, setting you back £3.55 a cup, followed by £3.40 in Dubai and £3.37 in Singapore.
While the most expensive place for a bottle of supermarket-bought mineral water is Toronto in Canada – where a bottle can cost £4.11 compared to 18p in Sharm el Sheikh, Egypt.
Read the Post Office’s long-haul report here.