Bali has retained its position as the cheapest long-haul destination for the third year running, a new study reveals.
The Indonesian island was among 16 of 33 destinations to register a year-on-year price drop, including Cape Town and Tokyo.
Dubai was the most expensive destination surveyed at £167.10, while a rise of 15.2% in Muscat has seen Oman costs go up to £145.16.
Although prices have fallen 8.5% in Sharm El Sheikh to £107.32, this represents a rise of more than 20% over the past five years.
The year’s biggest fall in the cost of in-resort items has been in Penang, where prices have dropped 41.1% year-on-year to £68.29.
A more modest 5.5% price fall in Kuta, Bali, brings the cost of ten tourist staples down to £37.91.
The items include an evening meal for two with a bottle of wine, bottle of beer/lager, soft drink, glass of wine, cocktail, chocolate bar, mineral water, suncream and insect repellent.
Cape Town at £41.58 remains second cheapest for the third consecutive year but a bigger price fall year-on-year of 10.9% has helped the city narrow the gap with Bali, according to Post Office Travel Money’s annual report on the long haul holiday sector.
Tokyo at £51.81 has seen its value improve due to a combination of the strong pound and local price cuts. When this year’s 21.5% price reductions in the Japanese capital are added to significant falls reported 12 months ago, costs for UK visitors have halved since 2013, making a destination previously thought expensive an increasingly affordable option.
Other good value Asian destinations highlighted in the study include Phuket at £58.31, Hoi An, in Vietnam at £73.02 and the South Korean capital of Seoul at £69.02.
Andrew Brown, of Post Office Travel Money, said: “Price remains the big issue and so it is good news to see so many long-haul destinations offering great value, even though the strength of sterling is the main reason for the low resort costs.