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Avanti Travel Insurance blog

10 Jan

Vietnam, the Philippines and Qatar tipped as ‘destinations to watch’

Vietnam, the Philippines and Qatar tipped as 'destinations to watch'

Vietnam, the Philippines and Qatar tipped as ‘destinations to watch’

Vietnam, the Philippines and Qatar have been labelled as “emerging destinations to watch” based on currency movements.

In its latest ‘Holiday Money Report’, Post Office Travel Money says that the 44 per cent growth in sales of the Philippino piso, as well as the re-introduction of direct flights from Heathrow to Manila, suggests a raft of Brits will be heading to the islands.

Qatar is rapidly emerging in the luxury sector, with sales of the riyal growing by a further 31 per cent in 2013. Croatia is also one of the Post Office’s ten Holiday Hotspots for 2014, with kuna sales having doubled in the past two years.

But it’s Vietnam that is leading them all, with a 94 per cent year-on-year surge in Vietnamese dong sales in 2013 marking the biggest growth for any currency.

Other destinations have been tipped for growth in the report based on the increased strength of sterling against the local currency. In South Africa, British visitors are getting 28 per cent more rand for their money than they were 12 months ago, while a slump in the value of the Indonesian rupiah has seen Bali emerge as the best value destination overall.

As well as currency fluctuations, In-resort prices have a significant impact on value for money, with Portugal’s Algarve region emerging as the cheapest place to holiday in Europe despite the fact that sterling is down 1.9 per cent against the euro.

And Paul Havenhand, head of travel at the Post Office, believes that these figures should influence where people decide to take their holidays in the coming year.

“Holidaymakers will be spoilt for choice this year with better value-for -money in most destinations worldwide,” he said.

“To cash in on this, UK tourists should do their homework before booking to find out where the pound is worth most and where resort costs are low.”

Travellers really are spoilt for choice, with prices having fallen in 70 per cent of the 44 destinations surveyed by the Post Office.