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The Algarve has been named as the cheapest destination for UK travellers in 2017, according to Post Office Travel Money’s annual Holiday Money Report.
The Portuguese region tops the report’s Worldwide Holiday Costs Barometer – which looked at the average price of eight typical purchases at 44 resorts and cities – for a second successive year.
Europe is set to be hugely popular throughout 2017 as travellers look to find destinations where their budget will stretch the most.
In the Algarve, the average cost of a three-course meal for two, a cup of filter coffee, bottle of local beer, can of Coca-Cola, glass of wine, large bottle of still water, sun cream and insect repellent, came to £33.36.
The cost for those items is £150 cheaper than in Dubai – which was named as the most expensive destination due to the high price of alcohol and food – and half the cost of other similar European hotspots, such as Malta or Corfu.
Second on the list is Sunny Beach, Bulgaria, where the same items cost £33.53 thanks to good exchange rates.
A number of other destinations were found to represent good-value, including Spain’s Costa del Sol, Marmaris in Turkey and Prague in the Czech Republic.
Short-haul destinations made up the majority of the report, making up 10 of the 14 best value places.
Despite this, the capital of Japan, Tokyo, was also found to be extremely affordable as it was the only long-haul destination to finish in the top ten – finishing in eighth place with costs for the items totalling £58.47.
It is now even cheaper than Cape Town (£65.37), which has dropped from third place to 11th after a rise in the value of the South African rand.
In contrast, a weak peso and stable prices in Cancun (£66.50) have helped the Mexican resort to move five places up to 12th, making it the third cheapest long-haul holiday resort.
Andrew Brown, Post Office Head of Travel Money, said that although holiday makers have little control over the value of the pound, they can plan ahead to find great value across the world.
If you’re thinking of travelling abroad this year, be sure to organise your budget travel insurance in advance.
Date Created: 17/01/2017