Want to take an affordable vacation in 2024? You've come to the right place. Although travel costs are on the rise this year (up 3.1%), he can still save money in 2024 if he knows where he's going.
A new travel report from British Post Office, a UK-based postal and financial services company—has announced some of the most budget-friendly destinations for 2024. Although the annual report is aimed at UK travelers, the list is also useful for Americans.
The Holiday Money Report 2024 reveals some of the cheapest places to travel by analyzing the currency strength, local prices and essential tourism costs of 40 popular holiday destinations around the world. The report ranks destinations based on a barometer that takes into account local prices for eight tourist essentials, including coffee, beer, cola, wine, water, sunscreen, insect repellent and a three-course meal. And while this report doesn't include factors like hotels and airfare, it can help you understand where you're spending the most money.
This is the 18th year the Post Office has produced this report. And the good news is that in 25 positions on the list, prices have fallen from last year. (Note that the original report included prices in pounds, which have been converted to dollars here.)
Aerial view of Hoi An, Vietnam, which will become the most affordable travel destination in 2024, according to some information … [+]
Currently at the top of the list of cheapest places to travel is Hoi An, Vietnam. According to a Post Office report, the total cost of travel essentials is estimated at just $64.54 per day, making this charming gem the ultimate bargain destination without breaking the bank. Masu. Hoi An, located on Vietnam's central coast, attracts tourists with its ancient capital and UNESCO World Heritage Site. It's a picturesque place, with lantern-lit streets leading to quaint shops and food stalls. It is also convenient to a beautiful white sand beach that is said to be one of the most beautiful in Asia.
A close second is Cape Town, South Africa. He pays $68.54 per day for the essentials and is guaranteed an unforgettable experience with Table Mountain and the pristine coastline in the background. Here, you can immerse yourself in vibrant culture and indulge in world-class dining (with an average of less than $44.14 for a three-course meal for two) without sacrificing your travel funds.
A pair of camels on the Mombasa coastline and Diani Beach in Kenya.
Mombasa, Kenya comes in third place on the list. This seaside destination on Africa's east coast is blessed with white sand beaches, vibrant markets and a rich Swahili cultural heritage, offering an immersive experience for travelers seeking both relaxation and cultural exploration. .
In a surprising development, Tokyo, Japan, a bustling metropolis that blends tradition and modernity, has secured fourth place on the list. According to the Post Office, tourists need only $59.05 a day to purchase essentials. Driving this ranking was the price of a glass of wine (average of just $4.57) and bottle of water (average of 77 cents).
Algarve cliffs overlooking the Atlantic Ocean above Benagil Cave in Lagoa, Portugal
Rounding out the top five is Portugal's Algarve, which combines culture, history and natural beauty at a fraction of the cost compared to previous years. With its sunny beaches, charming villages, and delicious seafood, the Algarve offers an idyllic getaway for travelers looking for a fulfilling break at an affordable price.
Here are the top 15 most valuable spots from the 2024 report. You can also download the complete World Vacation Cost Barometer for more locations and details.
Overlooking the pristine beaches of Hoi An, Vietnam.
- Hoi An, Vietnam – $64.54
- Cape Town, South Africa – $68.54
- Mombasa, Kenya – $69.96
- Tokyo, Japan – $74.68
- Algarve, Portugal – $75.64
- Sharm El Sheikh, Egypt – $77.74
- Sunny Beach, Bulgaria – $79.38
- Kuta, Bali – $80.45
- Marmaris, Türkiye – $83.44
- Paphos, Cyprus – $92.64
- Penang, Malaysia – $94.27
- Phuket, Thailand – $98.77
- Delhi, India – $98.90
- Costa del Sol, Spain – $103.50
- Montego Bay, Jamaica – $110.26
More from Forbes
