The total is measured by the average cost of 10 holiday items, including a cup of coffee, a pint of beer, a bottle of water, suncream, insect repellent, and a three-course dinner for two with a bottle of wine. Led by Portugal's Algarve, Europe dominates the report's Worldwide Holiday Costs Barometer of 44 resorts or cities, taking nine of the 10 best value places*.
Portugal's Algarve was named as the best value location for United Kingdom visitors, followed by Bulgaria's Sunny Beach, Spain's Costa del Sol, Turkey's Marmaris and the Czech Republic's Prague.
United Kingdom holidaymakers seeking a cheap break this year should look no further than Europe, a study has found.
Tokyo has powered past Cape Town and Bali to become best-value long haul destination and sterling is now stronger against 60% of bestselling currencies five years ago.
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Andrew Brown of Post Office Travel Money said: "Holidaymakers can do little about sterling's value but they can do their homework and plan trips to resorts or cities where prices for meals, drinks and other tourist staples are low".
Cape Town in South Africa was at 11 on the list, ahead of Cancun, Mexico at 12 and Bali, Indonesia at 13.
In Portugal's local currency the euro, the price of an evening meal for two with wine - the biggest single cost in the barometer basket - is down nearly 5% year-on-year in the Algarve. If the rand and rupiah fall in value, low costs on the ground could make these great choices too.
Source: Portugal named most affordable destination for Brits
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