Japan’s capital Tokyo has emerged as the cheapest of 30 resorts and cities surveyed for the 10th annual Long Haul Holiday Report by Post Office Travel Money.
After a steady climb in the ratings from 27th place four years ago, strong competition has led to plummeting prices in restaurants, bars and cafes, helping Tokyo move past Cape Town to take this year’s top spot.
Based on prices researched by long-haul tailor-made holiday specialist Travelbag and cross-referenced with those provided by tourist offices, a ‘basket’ of 10 tourist items, including meals and drinks, costs just £48.90 in Tokyo. This has made the Japanese capital 24% cheaper than runner-up Cape Town at £64.50, where the increased cost of eating out and a stronger South African rand has resulted in a 32% price rise over the past 12 months.
Costs have fallen 23% in Tokyo over the past year and are under half the total in 2013 (£103.58). The biggest year-on-year falls were a 25% fall to £105.36 in St Lucia (Rodney Bay), Jamaica’s (Montego Bay) 24% fall to £107.50 and Antigua’s (Jolly Beach) 27% fall to £114.72.
Prices have also fallen 7% in Penang, Malaysia (£81.77) and 6% in Punta Cana in the Dominican Republic (£85.34) helping these destinations move into the best value top 10. Sri Lanka (Colombo, £75.83, prices up 7%) and Orlando, USA (£80.60, prices up 1%) have retained top 10 places. Notably, prices are down 21% in Oman (Muscat, £141.29) and Dubai (Jumeirah Beach, £157.75).
The biggest price rise – 54% – has been in Lima to £120.62, and prices have risen 27% in Santiago, Chile (£126.10) and 45% rise in Rio to £160, now the highest-priced destination and over three times as expensive as Tokyo.
Andrew Brown of Post Office Travel Money said: “With continuing uncertainty about sterling, it is more important than ever before for people planning winter sun holidays to do their homework and pick a destination where prices for tourist staples are low.
“In a Twitter poll we conducted last week over half of the 14,000+ people who took part said hotel and flight costs are their major concern but the truth is that resort prices can make a big difference to the holiday budget.”