A new report ranked a popular South African city as the world’s best-value holiday destination.
As demand for international holiday travel returns to pre-Covid levels, the city of Cape Town was ranked the world’s best-value hotspot – thanks to a weaker rand in 2023., which ranked over 40 popular destinations based on currency demand, exchange rates, and travel costs.
The first indicator of where these holidaymakers will travel is shown in the UK post office’s sales of holiday currencies, as well as the pound’s strength against the destination countries. Pent-up demand for travel to Japan is also evident, as yen sales are 84% higher in January and February than in the period immediately before the 2020 Covid-19 lockdown.Post Office currency sales for the rand also saw a notable increase, having surged 95% year-on-year, with the pound gaining 15.7% against the rand in March – a clear indication of holiday intent, said the report.
Prices have more than doubled since last year to just below £58 in Marmaris due to inflationary pressures and a 5% rise in the minimum wage required in bars and restaurants.
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