• Cape Town is the best value destination in the world for British holidaymakers, according to the UK’s Post Office Travel Money Holiday Money Report.
• The report surveyed 40 destinations, testing the cost of eight items that British tourists are likely to buy on their holidays.
• South Africa was found to be the cheapest destination, with Turkey coming in second.

Cape Town Offers the Best Value for Money

• Cape Town offers the best value for money, with a decrease of 7.5% in costs to £51.44, thanks to the pound/rand exchange.
• Sterling’s value is 15.7% stronger against the South African rand than 12 months ago.
• Prices in Cape Town are the lowest across the 40 destinations featured in this year’s Post Office barometer of costs.

Most UK Consumers Holidaying in Europe in 2023

• The Post Office survey reveals that most UK consumers will be holidaying in Europe in 2023.
• A third (32%) are planning a holiday to Spain, while 14% will travel to Greece, 13% to Italy, 12% to France, and 10% to Portugal, but only 7% to Turkey.

Reykjavik in Iceland Most Expensive

• Reykjavik in Iceland remains the most expensive destination surveyed, with total costs of £198.42 for those eight essential barometer items, almost four times more expensive than Cape Town!
• Seychelles and Barbados follow Reykjavik on the list of most expensive destinations.