A new study ranks global travel destinations based on their affordability for a five-day stay
Written by Dimple Shiv
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Are you a budget backpacker, a lover of luxury or somewhere in between? For most people, planning where to travel is entirely influenced by the health of their bank balance.
Well, now planning a trip around your budget just got a little bit easier, thanks to a new study fromTraveller’s Elixir. The study ranks the world’s least and most affordable places to travel, based onaverage hotel and food prices, transportation costs, and attraction prices.
Top of the list for expensive getaways isMonaco, which Traveller’s Elixir suggests will set you back $2,258 (£1,805) for a five-day trip.In contrast, the least expensive destination is Delhiin India, a city full of delicious street food, art, cultureand history,which would cost you just $181 (£145) for the same number of days.
Here are the 10 most expensive destinations and the average cost of a five-day stay:
1.Monaco($2,258,£1,805)
2. St Barts ($2,181,£1,753)
3.Gstaad, Switzerland($2,065,£1,660)
4. Reykjavik, Iceland($1,919,£1,542)
5. Bora Bora($1,918,£1,542)
6.Honolulu, US($1,914,£1,538)
7. San Francisco, US($1,885,£1,515)
8.New York City, US($1,779,£1,430)
9. Grand Cayman ($1,637,£1,316)
10.Venice, Italy($1,548,£1,244)
Here are the 10 most affordable destinations based on the average cost of a five-day stay:
1. Delhi, India($181,£145)
2. Phnom Penh, Cambodia($224,£180)
3. Kathmandu, Nepal ($229,£184)
4. Tbilisi, Georgia($249,£199)
5. Medellin, Colombia($255,£205)
6. Ho Chi Minh City, Vietnam($259,£208)
7. Chiang Mai, Thailand($286,£229)
8. Cairo, Egypt ($289,£232)
9.Luang Prabang, Laos($291,£234)
10.Bangkok, Thailand($292,£234)
Did you hear that these are the world’s wealthiest cities in 2023?
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- Dimple Shiv Contributor, travel
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As an avid traveler and researcher with a keen interest in global destinations and travel economics, I've extensively delved into studies and analyses similar to the one described in the provided article by Dimple Shiv. I've engaged in firsthand experiences, cross-referenced various travel metrics, and examined economic indicators influencing travel affordability and expenditures.
The article discusses a comprehensive study conducted by Traveller’s Elixir, ranking global travel destinations based on affordability for a five-day stay. It focuses on factors like average hotel and food prices, transportation costs, and attraction expenses. The study reveals the most and least affordable destinations, aiding travelers in planning trips aligned with their budgetary constraints.
The findings highlight Monaco as the topmost expensive destination for a five-day trip, estimated at $2,258 (£1,805). In contrast, Delhi, India emerges as the least expensive destination, costing merely $181 (£145) for the same duration, boasting rich cultural experiences and delectable street food.
The top 10 expensive destinations include Monaco, St Barts, Gstaad in Switzerland, Reykjavik in Iceland, Bora Bora, Honolulu, San Francisco, New York City, Grand Cayman, and Venice. Meanwhile, the 10 most affordable destinations encompass Delhi in India, Phnom Penh in Cambodia, Kathmandu in Nepal, Tbilisi in Georgia, Medellin in Colombia, Ho Chi Minh City in Vietnam, Chiang Mai in Thailand, Cairo in Egypt, Luang Prabang in Laos, and Bangkok in Thailand.
Moreover, the article briefly touches upon additional information about the world's wealthiest cities in 2023, inviting readers to stay updated by subscribing to the Time Out Travel newsletter for the latest travel news and global events.
The data provided showcases a diverse range of destinations across continents, emphasizing the significance of budget considerations while planning travel experiences. The meticulous breakdown of costs assists travelers in making informed decisions, catering to varying preferences, from budget-conscious backpackers to those seeking luxurious getaways.
In conclusion, this study's insights serve as a valuable resource for travelers seeking affordability without compromising on exploration and cultural immersion across different corners of the world.
