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As high inflation continues to affect economies worldwide, tourists are increasingly looking for ways to save on vacations. One response to this demand is the Holiday Money Report 2024 by Post Office Travel Money, which presents 15 of the most budget-friendly holiday destinations around the world. This year’s list includes both beach and city breaks, with Vietnam, South Africa, and Kenya at the top.
Hoi An, Vietnam, with daily costs of £51.18 (around €60), topped the ranking, climbing from sixth place last year. Cape Town, South Africa, with average costs of £54.35 (about €63.5), took second place, and Mombasa, Kenya, at £54.93 (around €64) came third. The only European destination in the top five was the Algarve, Portugal, where a cup of coffee costs just £0.88.
#1: Hoi An (Vietnam) — £51.18 per day.
Top 3: Cape Town and Mombasa round out the podium.
Europe in the top 5: Algarve (Portugal), coffee — £0.88.
Mixed formats: beach escapes and city breaks together.
Planning value: a quick benchmark for average daily spending.
Top 15 cheapest places to holiday in 2024
The report included the following top-15 cheapest places to holiday in 2024:
1. Hoi An, Vietnam (£51.18)
2. Cape Town, South Africa (£54.35)
3. Mombasa, Kenya (£54.93)
4. Tokyo, Japan (£59.05)
5. Algarve, Portugal (£59.69)
11. Penang, Malaysia (£74.57).
13. Delhi, India (£77.84).
14. Costa del Sol, Spain (£81.45).
15. Montego Bay, Jamaica (£87.11).
It is important to note that some popular destinations, such as Marmaris and Sunny Beach, dropped in the ranking compared to last year. This report can help travelers choose their next holiday destination, combining beauty with affordability.
What to do
If you pick a destination from this list, use a simple “budget formula”: explore on foot, choose local cafés and markets over tourist hotspots, and plan a couple of key activities rather than trying to do everything at once. The ranking is meant as a practical benchmark for everyday spending on the ground.
1-day itinerary
Keep it light and walkable: morning — a relaxed city stroll; midday — your main attraction (or the beach); evening — a simple local dinner and a sunset viewpoint. A low-stress plan helps you stay within budget while still soaking up the vibe.
2-day itinerary
Day 1 — set the baseline: center stroll, first impressions, one major highlight. Day 2 — add the “experience”: a nearby area, a different neighborhood, or a beach day, then finish with an easy evening. This structure keeps spending predictable while leaving room for spontaneity.
How to get there
To keep costs low, compare flights (and layovers) in advance and plan local transport ahead of time. Below are destinations from the list with dedicated pages on Admiral.Travel (the original links were preserved).
Source
Source: mynewsdesk.com
28.03.2024
FAQ: budget-friendly holiday destinations
What is the Holiday Money Report 2024?
A Post Office Travel Money report comparing indicative travel costs and highlighting more budget-friendly destinations.
Which destinations are in the top 3?
Hoi An (Vietnam), Cape Town (South Africa), and Mombasa (Kenya).
Is there a European destination in the top 5?
Yes — the Algarve (Portugal) is the only European destination in the top five.
What do the amounts in pounds mean?
They represent the daily spending figures used in the report to compare destinations.
Why are travelers looking for cheaper destinations?
Inflation and rising prices make many people focus on destinations where everyday costs can be lower.
Does the list include only beach holidays?
No — it includes both beach destinations and city breaks.
Which places are mentioned as beach-style destinations?
For example: Algarve, Sharm El Sheikh, Sunny Beach, Kuta (Bali), Marmaris, Paphos, Phuket, Costa del Sol, Montego Bay.
Why might some destinations drop in the ranking?
On-the-ground costs shift over time; some places may become relatively more expensive than others.
Is it enough to look only at daily costs?
Not always — consider flight prices, seasonality, insurance, and your preferred travel style too.
How can I keep my holiday budget under control?
Plan flights early, use public transport, eat where locals do, and prioritize a few key experiences.
What is the #1 destination in the report?
Hoi An, Vietnam, with £51.18 in daily costs.
Where can I find Admiral.Travel pages for some destinations?
This article keeps links to Sharm El Sheikh, Sunny Beach, Kuta (Bali), Marmaris, Paphos, and Phuket.
