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Thailand is cheapest destination for a 500 pound budget

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British travellers could spend six weeks in Thailand with just £500 worth of spending money, according to research from Travelex.

The results, which are based on how long £500 could last whilst spending money on public transport, food and drink, mean that Thailand is the cheapest destination for those travelling on a budget, with travellers able to stay for 44 days.

Just under £11.50 is enough to cover food, drink and travel in Thailand for a day, which represents exceptional value for British travellers.

Mexico was found to be the second cheapest destination, with £500 able to stretch for 26 days – an 18-day shorter stay than in Thailand.

Around £20 is enough money for the daily essentials in Mexico, Jamaica and various other parts of Europe, including Hungary, the Czech Republic and Bulgaria.

Interestingly, British travellers would need no less than £30 a day to cover all the costs in Portugal, which was recently named as the cheapest summer holiday destination in a report by the Post Office.

If cost is not an issue, then Norway and Switzerland might appeal, as around £90 a day would be required for essential spending, meaning a £500 budget would only stretch for six days.

Other expensive destinations include Denmark, Belgium and The Netherlands, where £500 will only last for a seven or eight-night holiday.

Eastern European countries were found to offer the cheapest beverages, with a coffee in Bulgaria costing just 95p whilst, in contrast, a coffee in Denmark would cost around £4.

The most expensive beer can be brought in the United Arab Emirates, setting a traveller back an eye-watering £9.

The report highlights how it is not just flights and accommodation that make a trip represent good value, as researching the cost of essential items can help ensure you stick to your budget.

If you’re thinking of travelling abroad this year, be sure to organise your budget travel insurance in advance 

Date Created: 16 August 2017

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