The Algarve has reclaimed its spot as the world’s cheapest holiday destination for the first time in nine years, according to the Post Office Travel Money Holiday Costs Barometer. The report found that essential tourist items, including meals and drinks, cost just £58.95 in the Portuguese region. In contrast, New York ranked as the most expensive at £167.85. Cape Town and Tokyo followed as top budget-friendly destinations. Favorable exchange rates and stable prices make the Algarve a top choice for cost-conscious travelers.
Anamika Chauhan is a Senior Content Writer at TBO Academy. Specializing in B2B content, she works closely with the marketing team to bring out the outlook about the industry in her write-ups. Connect with her on LinkedIn or write to her at anamika.chauhan@tbo.com