7 Cheapest Destinations For 2024 That Offer The Most Travel Value

Looking for a cheap vacation? The postal and financial services firm Post Office, located in the United Kingdom, has released a new travel report that highlights some of the most affordable vacation destinations for 2024. The yearly study is intended for tourists from the UK, although Americans might also benefit from this list.

The Holiday Money Report 2024 identifies some of the most affordable holiday locations by examining currency strengths, local costs, and necessary visitor fees in 40 well-liked vacation spots worldwide. The study rates locations using a barometer that accounts for the cost of eight necessities for tourists: beer, coffee, cola, water, wine, sunscreen, bug repellent, and a three-course dinner.

Furthermore, the report provides a decent idea of where travelers’ money will go the farthest, even if it excludes items like lodging and travel. Here are the seven cheapest destinations for 2024 that offer the most travel value.

7 Sunny Beach, Bulgaria

Travel cost per day: $78.26

Sunny Beach, situated on Bulgaria’s Black Sea coast, was built as a resort town for Bulgarian families in the 1950s and has grown to be the nation’s top tourist destination over time. Due to the town’s expansion over time, the town now offers vacationers an exceptionally wide range of possibilities. These include go karting, paintballing, casinos, music venues, and a massive waterpark.

Additionally, this cheap destination has a gorgeous waterfront, lined with tall buildings and featuring a lovely blue sea as well as a lengthy sandy beach. When it comes to nightlife, the neighborhood is known for its club scene. With a bustling nightlife and affordable costs, it’s a great option if travelers are looking to go out with friends on a tight budget.

6 Sharm el-Sheikh, Egypt

Travel cost per day: $76.86

Sharm El Sheikh is a popular destination for eco-tourists and divers due to its abundant marine life and hundreds of Red Sea coral reef locations. Over the past several decades, the tourism industry in this city on the Sinai Peninsula has expanded quickly, leading to the emergence of upscale resorts and sophisticated nightlife.

Sharm el-Sheikh, known for its affordability and value, stands out as one of the cheapest destinations in 2024, offering an array of budget-friendly activities. Snorkeling and diving in the crystal-clear waters of the Red Sea are must-dos, showcasing colorful coral reefs teeming with marine life.

For excursions on land, sampling delectable street cuisine and touring Old Sharm’s bustling marketplaces provide rich cultural experiences without breaking the budget. Additionally, hiking Mount Sinai for breathtaking sunrise views comes at little cost, making Sharm el-Sheikh a treasure trove of affordable yet unforgettable experiences.

5 Algarve, Portugal

Travel cost per day: $74.76

The Algarve region in Portugal, which offers culture, history, and scenic beauty at a far lower cost than in past years, is one of the cheapest destinations for 2024 that offers the most travel value. Travelers looking for an inexpensive yet stimulating break will find Algarve to be an exquisite destination with its sun-drenched beaches, quaint villages, and mouthwatering seafood.

Algarve’s beautiful beaches are well-liked by people all over the world. This is particularly true if travelers go at the height of summer. Even with Algarve’s growing popularity, this sunny region of Portugal continues to provide a ton of amazing bargains for cheap costs. There are several affordable hotels in the area; travelers can get some great deals, but they will need to make reservations far in advance.

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4 Tokyo, Japan

Travel cost per day: $73.95

Unexpectedly, Tokyo, Japan, a thriving city where modernity and tradition coexist, claims its place on the list of the cheapest 2024 destinations. The Post Office claims that all travelers need to buy as visitors is $74.43 each day.

Tokyo offers a wide range of free attractions, from skyline views at the Tokyo Metropolitan Government Building to discounted museum tickets on designated days. Green spaces like Ueno Park and iconic shrines like Sensoji are also free to explore. Enjoy art without spending a yen, with TeamLab installations scattered throughout the city and public sculptures like Louise Bourgeois’ giant spider.

Unexpected places, like luxury boutiques and sushi restaurants, also host free art displays. Whether admiring Mt. Fuji from observation decks or stumbling upon art in unexpected places, Tokyo provides endless opportunities for exploration without breaking the bank.

3 Mombasa, Kenya

Travel cost per day: $68.79

With its white sand beaches, lively marketplaces, and rich Swahili tradition, Kenya’s Mombasa comes in on the list of the world’s cheapest travel destinations for 2024. Its seaside location on Africa’s east coast entices visitors looking for both leisure and cultural discovery.

Given that Mombasa Island is one of the most popular tourist attractions in Kenya, travelers should definitely make the effort to visit if they haven’t already. It’s best to avoid choosing a date between December and March when travel is at its busiest and rates are highest.

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2 Cape Town, South Africa

Travel cost per day: $68.07

With the backdrop of Table Mountain and immaculate coastlines, Cape Town, South Africa, promises a memorable vacation with an expenditure of $68.48 per day for necessities. Here, travelers can savor fine cuisine inexpensively while immersing themselves in the dynamic culture.

Tourists can visit Boulders Beach, renowned for its colony of African penguins, which presents a picturesque scene with ancient granite boulders and shimmering turquoise waters, or explore Kirstenbosch Botanical Gardens for serene sunset concerts and scenic strolls. At the historic Labia Theater, enjoy diverse films, or indulge in culinary delights at food markets like Oranjezicht City Farm and Mojo Market.

Budget-conscious travelers can also explore the vibrant streets of Bo Kaap for free, unwind on hiking trails such as Lion’s Head and beaches like Clifton, or ascend Table Mountain on complimentary hikes or cableway rides.

1 Hoi An, Vietnam

Travel cost per day: $64.10

Hoi An, Vietnam, tops the list of the most affordable destinations for 2024. The Southeast Asian city offers the best value for travelers’ money and won’t break the bank, with a total projected cost of just $64.51 per day for travel necessities, according to the Post Office survey.

Hoi An, a city on Vietnam’s central coast, draws tourists with its UNESCO-recognized Ancient Town, a charming area where lantern-lit lanes lead to delightful stores and street food vendors. Additionally, it’s located near some of Asia’s most breathtaking white-sand beaches.

Hoi An’s Ancient Town, a historic gem from the Nguyen Dynasty, reflects cultural exchanges with Japan and China. Notable structures like the Cau Pagoda showcase foreign architectural influences.

On-budget travelers can explore bustling streets and cultural sites like the Hoi An Museum and Folk Island’s Handicraft Village at VinWonders Nam Hoi An. History enthusiasts can visit the Hoi An Impression Theme Park and delve into the town’s 400-year history, featuring the Hoi An Memories Show. For tranquility, travelers on a budget can visit Cam Thanh Village’s coconut tree-lined rivers, offering basket boat rides and local boat shows.