Vietnam has topped the list of the world’s best value destinations for the first time in 2024, with Hoi An Ancient Town being the representative destination, according to a holiday cost measure.
Hoi An is a favorite destination for domestic and foreign tourists. Photo: Chung Bao Ngan.
The Travel Price Index recently published by NerdWallet shows that travel costs have increased by 10% compared to 2019, the period before Covid-19. This may not seem particularly significant, but you will realize that the money spent will not take you as far as it did 4 or 5 years ago.
People are starting to look towards Asia for affordable vacations as the cost of living in most countries in this region remains much lower compared to the US or Europe.
Therefore, it is no surprise that the best value destination for 2024 is the peaceful Hoi An Ancient Town in Central Vietnam, where a meal costs only 1.48 USD and a local beer is priced at under 1 USD.
According to research by The Post Office UK, Hoi An is one of the eight destinations with local prices lower than in 2023 (a further decrease of 14.4%) and the value of money also tends to decline. The average total cost here is 51.15 euros.
This is the first time Vietnam has topped the ranking, moving up from 6th place last year. Cape Town (South Africa) – last year’s top spot, now ranks second with a cost of around 54.35 euros. Mombasa (Kenya) ranks third with 54.93 euros. Tokyo (Japan) and Algarve (Portugal) rank 4th and 5th, respectively.
Hoi An offers many low-cost travel experiences, attracting visitors to stay longer. Photo: @julieythe1st.
Hoi An is one of the most sought-after destinations for backpackers and digital nomads in Vietnam. However, unlike Bali and other popular resort destinations across Asia, Hoi An has not yet been affected by urbanization.
According to Budget Your Trip estimates, the average cost for a week-long trip to Hoi An is 318 USD. This cost depends on the traveler’s style and level of comfort. For budget-conscious travelers, they can spend at least 9.8 USD on meals per day, 19 USD on transportation, and 41 USD for a night at a hotel. Additionally, Hoi An still offers many upscale hotels and resorts for travelers to choose from.
In July, Hoi An was voted by Travel + Leisure readers as one of the top 5 cities in the world in 2024 (World’s Best Cities 2024). TripAdvisor users also voted Hoi An Ancient Town as one of three Vietnamese destinations in the list of “25 Most Loved Destinations in Asia,” alongside the War Remnants Museum in Ho Chi Minh City and the Cu Chi Tunnels.
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Source: Vietnam Insider