Hoi An in Vietnam has become the cheapest winter sun holiday destination for the first time, overtaking Tokyo in Japan.
The Post’s analysis found that costs in Hoi An have fallen by 10% since 2019, when the survey was last carried out. Holidays have become cheaper thanks to a sharp drop in local prices, despite the decline in the value of the pound against the Vietnamese dong.
The report looked at the cost of a basket of goods including an evening meal, coffee, beer and wine, chocolate, water and sunscreen, which cost £67.78 combined in Hoi Year.
The Vietnamese resort was ranked the fourth cheapest destination in 2019 and overtook Tokyo this year. Cape Town turned out to be the second cheapest destination this year, followed by Mombasa, Kenya.
Previously voted cheapest locations include Bali, Sri Lanka and Cape Town.
Despite falling prices in Vietnam, costs rose for holidaymakers in 80% of the 28 sites surveyed. This means that one in four families said they were not planning to go on holiday at all this winter, according to the report.
The Post last compiled data in 2019, before the pandemic threw the travel industry into chaos. Tokyo was the cheapest destination that year, but has since fallen to fourth place, despite a 16% decline in the value of the Japanese yen against the pound since October 2019.
Prices in the bustling Japanese capital have remained low even taking into account a weak pound – with accommodation prices well below those in major US cities. In 2019, when last surveyed, local prices had dropped despite the Rugby World Cup taking place in Japan.
Jamaica proved to be the cheapest destination in the Caribbean, while Orlando, Florida emerged as the best value in the United States, even as the pound approaches parity with the dollar .
Bridgetown, Barbados was found to be the worst value for money of the destinations surveyed by the Post. The largest increase in costs has been recorded in Antigua, where prices have increased by 55% since 2019.
It comes as prices in European holiday destinations have soared, partly because of exchange rates but also because local businesses have raised prices to make up for losses during the pandemic.
Compared to last year, the average spending of a week’s holiday in Spain was found to be £500 more expensive, according to research by Eurochange, a foreign exchange firm.