From Mexico to the Algarve, minimise Brexit’s impact on the pound with these global destinations and commission free currency
If you want to minimise Brexit’s squeeze on the pound and make your holiday money go further, here’s where you should be heading this year.
Whether you’re planning to hop across to the Med or venture further afield for your holiday this year, you’ll be wanting to get the best value for your pound when you exchange your currency. Sterling has, of course, weakened against the euro and the dollar in light of Britain’s vote to leave the EU, prompting some industry observers to predict that the cost of holidays to Europe and the US will rise by as much as 20 per cent this year. But there are still great holiday destinations where your spending money will last longer.
Yes, you’ll be paying in euros here, and getting fewer euros for your pound, but Portugal’s Algarve is still one of the best value short-haul holiday destinations around. In a recent survey of in-resort prices by the Post Office, the Algarve remained top of the ‘best value’ chart for the second year running, particularly due to the low cost of eating out which has actually dropped by five per cent since last year. A meal for two, with wine, costs on average just over £18, compared to £26 in the Costa del Sol and £42 in Malta.
The value of the peso has fallen dramatically since the election of US President Donald Trump, with his headline-grabbing plans to ‘build a wall’. The result is that UK-based holiday companies are reporting a rise in demand for this popular long-haul destination as Brits look for cheaper alternatives. Mexico’s coastline is bursting with great value all-inclusive resorts, where holidaymakers can budget for their holiday upfront and not have the worry of unexpected holiday spending.
You can get a beer in Bulgaria for 70p, and a three-course meal for two, with wine, for under £20. Need we say more? Outside of the euro zone, Bulgaria is one of the few destinations that has become more affordable for Brits since the Brexit vote. In fact, the cost of essentials here has fallen in the last five years. The country’s flagship summer resort, Sunny Beach, might be a bit too lively for some but there are a total of 235 miles of Black Sea coastline to explore and many quieter, family resorts. But don’t wait until the last minute: Thomas Cook recently reported that Bulgaria is one of its strongest selling destinations for summer 2017. If you’ve missed out on a beach break, it’s great value for ski and walking holidays too.
Political problems have taken a toll on South Africa’s currency, but the rand has settled down recently at a rate that’s still favourable to British holidaymakers. You can take a short taxi ride here for as little as 80p and buy a decent bottle of wine for £2.50, and accommodation is reasonable too. Cape Town, the vineyards, and safari holidays continue to be the main attraction, but there’s also growing interest in the Eastern Cape, the Drakensberg mountains and Durban, where the waterfront that has undergone an impressive transformation. This long-haul destination is in a time zone only two hours ahead of the UK too, so you don’t get the dreaded jetlag.
One for adventurers, Nepal is bouncing back from the devastating earthquakes of 2015, which made it a no-go destination for a while. Voted the best value destination for 2017 by Lonely Planet, and fifth in its ‘best to travel’ list, it’s a great choice for budget-conscious travellers looking for the challenge of a Himalayan trek, a jungle safari, a white water rafting trip down the Trisuli River or a cultural fix in Kathmandu. Visitors are slowly coming back, attracted by the low costs. The average price of a hotel for two is £20 a night and you can eat for a whole day for around a fiver. Nepal is known for the friendliness of its people too, and you can enjoy a trip of a lifetime knowing you’re bringing much needed income to the locals who rely heavily on tourism for their livelihoods.
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