Want to take a cheap vacation in 2024? You have arrived at the right place. Even though travel costs are up this year (up 3.1%), it is still possible to save money in 2024, if you know where to go.
A new travel report from british post—a postal and financial services company based in the United Kingdom—has just revealed some of the best budget destinations for 2024. And while the annual report is aimed at British travelers, it's also a useful list for Americans.
By analyzing currency strength, local prices and essential tourist spending in 40 popular vacation destinations around the world, the Holiday Money Report 2024 highlights some of the cheapest places to travel. The report ranks destinations based on a barometer that takes into account the local price of eight essential tourism products, including coffee, beer, cola, wine, water, sunscreen, insect repellent and a three-course meal. And while the report doesn't include factors like hotels and airfare, it gives a good idea of where your money will be most useful.
This is the 18th year that the Post has produced this report. And the good news: Prices have fallen since last year at 25 places on the list. (Note that the original report included prices in pounds sterling, which have been converted here to dollars, using the exchange rate in effect on the 1.26 publication date.)
An aerial view of Hoi An, Vietnam, the most affordable destination to travel in 2024, according to a … (+)
Hoi An, Vietnam currently tops the list of cheapest places to travel. According to the post office report, an estimated total cost of just $64.51 per day for travel essentials makes this charming gem the ultimate bang for your buck destination that won't break the bank. Located on the central coast of Vietnam, Hoi An attracts visitors with its UNESCO-a recognized ancient town, a picturesque place where lantern-lit streets lead to quaint shops and street food stalls. It is also close to stunning white sand beaches, some of the the most beautiful in Asia.
Cape Town, South Africa follows closely in second place, where spending $68.48 per day on essentials promises an unforgettable experience with a backdrop of Table Mountain and pristine coastlines. Here, you can immerse yourself in a vibrant culture and enjoy world-class dining (a three-course meal for two costs on average less than $44,140) without breaking your travel budget.
The coastline of Mombasa, Kenya, with a pair of camels on Diani Beach.
Mombasa, Kenya is third on the list. This seaside destination on Africa's east coast beckons with its white sand shores, bustling markets and rich Swahili heritage, offering an immersive experience for travelers seeking both relaxation and cultural exploration.
In a surprising twist, Tokyo, Japan, a bustling metropolis where tradition meets modernity, ranks fourth on the list. According to the Post Office, only $74.43 per day is needed for essential tourist purchases. The cost of a glass of wine (on average just $4.56) and a bottle of water (on average 77¢) contributed to this ranking.
The Algarve cliffs overlooking the Atlantic Ocean above Benagil Cave in Lagoa, Portugal.a
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 an affordable yet rewarding getaway.
Here are the 15 best value for money spots from the 2024 report. You can also download the full Global Holiday Cost Barometer for more locations and more details.
Overlooking a pristine beach in Hoi An, Vietnam.
- Hoi An, Vietnam – $64.51
- Cape Town, South Africa – $68.48
- Mombasa, Kenya – $69.96
- Tokyo, Japan – $74.43
- Algarve, Portugal – $75.33
- Sharm el-Sheikh, Egypt – $77.36
- Sunny Beach, Bulgaria – $79.73
- Kuta, Bali – $79.79
- Marmaris, Türkiye – $83.27
- Paphos, Cyprus – $92.49
- Penang, Malaysia – $93.98
- Phuket, Thailand – $97.97
- Delhi, India – $98.05
- Costa del Sol, Spain – $102.67
- Montego Bay, Jamaica – $109.76
