New travel cost index reveals the cheapest places to holiday

Posted: 14 May 2018 3:51 pm
News

South Africa and beach destinations in Asia will get the most out of your Aussie dollar.

Did you know that a three-course meal in Singapore can cost around $50 while the same meal in Malaysia can go for as low as $10? A good bottle of wine in South Africa will ring up for $6.50 at the bottlo while in Canada you could pay as much as $19 for a decent drop.

When choosing a holiday, we can sometimes spend so much time stressing over getting the cheapest flights that we forget about the costs that can really break your travel budget.

Travel Money Oz recently released a cost index to help Aussie travellers compare the ground cost for popular destinations on our bucket lists. Factored in are the daily holiday staples that are difficult to predict like coffee, water, wine and beer, local meals and the cost of getting to and from the airport.

When looking at what a five-day holiday could cost minus airfare and accommodation, Malaysia came out on top for just $145 per person.

Thailand and Bali weren't too far behind, coming in at $148 and $162 per person which could be one reason why these destinations have climbed in popularity among travellers in the last decade. Both featured in the Australian Bureau of Statistics' top 10 travel destinations.

When compared with Hotels.com's latest Hotel Price Index, Asian destinations are definitely the place to go to get the most bang for your buck on your hotel room as well.

When looking at more long-haul favourites, the UK, Paris and the USA are all over $500 for a five-day holiday but South Africa surprisingly stands out as the cheapest long-haul destination, setting you back just $244.

Singapore is a popular layover city but the ground costs are almost triple that of its Southeast Asian competition at the $425 mark.

The prices churned out by Travel Money Oz's price index is based on a traveller eating one low-cost lunch, one mid-range dinner and a pint of beer per day. The price index also factors in the cost of airport transfers. Prices are approximate and may vary depending on your location, the time of year you're travelling and other factors.

Average holiday costs - 5 days

  • Malaysia (Kuala Lumpur) - $145
  • Thailand (Phuket) - $148
  • Bali (Seminyak) - $162
  • South Africa (Cape Town) - $244
  • Canada (Vancouver) - $360
  • Singapore (Pulau Ujong) - $425
  • New Zealand (Auckland) - $453
  • France (Paris) - $510
  • USA (New York) - $565
  • UK (London) - $630

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