Bali offers the best value worldwide when it comes to your holiday pound, according to new research from the Post Office.
The Holiday Money Report found that the Indonesian island was the cheapest (£31) for a basket of items which includes a three course meal for two with wine, a cup of coffee, a bottle of local beer, a can of Coca-Cola, a glass of wine, a bottle of still water, suncream and a packet of cigarettes.
It says that a slump in the value of the Indonesian rupiah makes tourist costs 19 per cent cheaper in Bali now than a year ago.
In Europe, Portugal’s Algarve offers the best value, says the report, with resort prices 18 per cent cheaper than last year, despite sterling losing ground against the euro.
Spain is the only eurozone country surveyed to register a significant price rise. A 22 per cent increase in meal costs on the Costa del Sol accounts for the overall rise in the price of eight typical tourist items to around £39, which means that Spain falls from joint first place in last year’s report to sixth position.
It also says that Turkey is a good bet for budget tourists – holidaymakers will pay 19% less on average in resort this year. “This should help to create more demand for Turkey after last summer’s fall in family bookings following political unrest in the country,” it said.
Paul Havenhand, head of travel at the Post Office, said: “The fall in the value of the lira should make Marmaris and other Turkish resorts very attractive to bargain hunters. Not only have prices fallen this year but they are now 29 per cent cheaper than two years ago.”
The cost barometer found that prices are down in 70 per cent of the 44 destinations surveyed by the Post Office, with the biggest falls of 30-32 per cent in Jamaica, Japan and the Gambia.