DestinationsThe dipping dong and lower local prices boost spending power in Vietnam.

Which holiday destinations are the best value for money?

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Lower restaurant and bar charges aided by the fall in the value of the Vietnamese dong drove Hoi An to top a table of the world’s cheapest destinations.
Lower restaurant and bar charges aided by the fall in the value of the Vietnamese dong drove Hoi An to top a table of the world’s cheapest destinations. Photo Credit: Adobe Stock/Sergii Figurnyi

The rising popularity of Vietnam as a holiday destination has been given a further boost in the 18th annual Holiday Money Report from the UK PostOffice.

The report looks at factors likely to influence holiday decision-making in 2024, from exchange rates to dining and tourist attraction costs.

Hoi An in Vietnam was this year’s chart topper thanks to lower restaurant and bar charges, helped by the fall in the value of the Vietnamese dong against the British pound.

The 2024 report by Post Office places Cape Town, last year’s winner, in second place, ahead of Mombassa in Kenya and Tokyo in Japan.

The cheapest destinations in the world, according to Post Office:

  1. Hoi An, Vietnam
  2. Cape Town, South Africa
  3. Mombasa, Kenya
  4. Tokyo, Japan
  5. Algarve, Portugal
  6. Sharm el-Sheikh, Egypt
  7. Sunny Beach, Bulgaria
  8. Kuta, Bali
  9. Marmaris, Turkey
  10. Paphos, Cyprus

The most expensive destinations in the world, according to Post Office:

  1. Tamarindo, Costa Rica
  2. New York, USA
  3. St John's, Antigua
  4. Rodney Bay, St Lucia
  5. Bridgetown, Barbados
  6. Downtown Dubai, Dubai
  7. Scarborough, Tobago
  8. Cancun, Mexico
  9. Darwin, Australia
  10. Punta Cana, Dominican Rep
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