This survey reveals the holiday resorts where your money will go further … and those where you'll need a pretty penny.
So we now that Spain is now considered the ultimate location for the best value European holiday for tourists with the cost of drinking and dinning down 45% compared with five years ago but lets see what else we found.
That is equaled with Sri Lanka according to the highly regarded annual Post Office Worldwide Holiday Costs Barometer – which looks at in-resort prices for a shopping basket of eight items including.
On the other side of this, if you're think of going to Australia, the survey makes sad gloomy readings. Vacation essentials cost a remarkable four times the amount holidaymakers pay in the average Spanish city. The Barometer also found that a normal meal out for two, with wine, will set you back £109 in Australia compared with £21 in Barcelona!
The good news for tourists on a budget is that general costs are down in around a half of the destinations surveyed, with widespread cost-cutting by restaurants and bars. In Europe, for example, supermarket prices are down 18% in Greece (Corfu) to £56.25, making prices a 1/3 cheaper than Italy (Tuscany) at £88.16, the most expensive of six European locations examined.
Looking for some winter sun? Then perhaps the most affordable place is Egypt, after a drop in prices of 23% in resorts such as Sharm el Sheikh, where the same basket of goods cost £56.02. Egypt is try to regain ground after the massive amounts of protests and the revolution in Cairo's Tahrir Square deterred travelers. It is now 47% less than mid-haul competitor Dubai, at £101.69.
In the Central America area of the Caribbean, resort costs have fallen sharply in Barbados, accounting for a 27% drop in the barometer basket to £84.24. By contrast, higher meal prices have made Jamaica 17% more expensive than last year, at £97.59.
Sri Lanka registered a 27% increase but remains cheapest of the destinations examined, because a weaker currency helped to cushion the blow of significant price rises in the country's beach resorts.
The Czech Republic (£39.17) is in third place for the third consecutive year, followed by Bali (£40.47), which has leapt up from 12th place last year through a combination of lower resort prices and a weaker Indonesian rupiah. At number five, Vietnam (£43.20) is up five places on the back of lower meal prices.
Turkey offers us some great news for bargain hunters where meal prices are down 25%, this is mainly because of the strong competition between dinning chains after cuts in flight capacity brought 13% less visitors during 2012 and 5% in 2013. This took Turkey (£52.89) back into the top 10 for the first time since 2008.
Rising resort prices in Thailand (£58.31) mean that touristscan expect to pay 22% more than a year ago and the location has fallen from the top 10 to 16th place.
For city breaks, Eastern European cities sweep the board as best value destinations when compared with European cities
Low costs for meals, drinks, transport, sightseeing and accommodation, together with the pound's stronger buying power, give Prague, Budapest, Riga, Tallinn and Warsaw a clear price advantage over rivals in the west. Prague and Budapest were less than half the price of Paris and Bruges, the most expensive. Accommodation was more than twice as expensive in five eurozone cities – Vienna, Berlin, Amsterdam, Paris and Bruges – than in Budapest, while meal costs in Prague were less than half the price of Berlin, Amsterdam, Paris and Bruges. The Post Office is tipping Lithuanian capital Vilnius as the next city break hotspot. It heads the Post Office list of emerging destinations based on the back of a 42% surge in sales of its currency (Lithuanian litas) during 2012, and Vilnius looks set to emulate the success of Estonia's Tallinn and the Latvian capital, Riga.