21st March 2022

Post Office is launching its 16th annual Holiday Money Report this weekend, embargoed to 00:01 Saturday 19th March.  This includes the Worldwide Holiday Costs Barometer of prices in 36 holiday destinations – hopefully a good news story amongst the general malaise.


I hope you agree that it is a really strong story with lots of positives for your readers.  Among these are:


  • The battle between Turkey and Bulgaria for the best value rating in the Worldwide Holiday Costs Barometer.  The collapse of the Turkish lira helped Marmaris win out with prices there down 37%.  However, the signs are that Bulgaria is winning out when it comes to holiday bookings because our latest currency sales intelligence shows that the Bulgarian lev is well outperforming the Turkish lira. Aside from the euro and Swiss franc, the lev is the only European currency to feature in the Post Office top 10 bestsellers
  • Prices are down year-on-year in nine of the 10 best value destinations and in half of the 36 destinations we surveyed overall
  • Thailand is one of the destinations to show a big price fall of almost 12% - we have chosen it as one of our hotlist tips for 2022 as there is obviously latent demand for the destinations now that Phuket is open to British visitors again.  Currency sales are booming and sterling is strong against the baht – what’s not to like1
  • Orlando has made our top 10 destinations for the first time in the 16-year history of the Holiday Money Report.  Prices are down by around 10% yoy and over 22% over two years
  • Britons are flocking to Mexico – sales of the peso are going through the roof in 2022.  To date 45% more pesos have been bought at the Post Office than in the same period in 2020 – so not only has Mexico recovered fully from the downturn but it is really motoring.  Sales of Caribbean currencies are also surging – particularly the Barbados dollar and the East Caribbean dollar, which covers Antigua, St Lucia and Grenada.


Do let me know if you have any queries.

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