The biggest bargains can be found in the Caribbean island of Antigua, where costs are effectively down 44 percent. Corfu is the cheapest in Europe, where costs have plunged 21 percent. Travellers will see their money go further in more than 75 percent of the most popular hotspots. A Post Office Travel Money report, out today, says sterling is up year-on-year against most of the 40 best-selling currencies.
The price of eight typical tourist buys, including meals, coffee, water, drinks and sunscreen, were down in 33 of 42 short and long-haul destinations.
Based on the total bill for the staple items, the cheapest place for bargain hunters is Sunny Beach, Bulgaria.
At £30.68, it is 15 percent less than a year ago, offering beer for 92p, coffee at 69p and a three-course dinner for two with wine for just £22.15.
Second lowest, with a total cost of £44.15, is Marmaris, Turkey. The weak lira means Britons are getting 20.5 percent more value than a year ago.
It is also great news if you are heading for this summer’s Tokyo Olympics.
A 13 percent drop, (£48.21) makes Japan’s capital the third cheapest destination and the best value for long-haul travel. It beat Cape Town, at £59.39, because the South African home of the Love Island TV show had a price rise of more than 18 percent.
Portugal’s Algarve, in fourth place, is the eurozone’s cheapest spot at £49.87, beating Spain’s Costa del Sol (£53.16).
And desert dazzler Dubai will be a little cheaper because of a year-on-year fall of 16 percent (£126.30).
In the US, where the pound is worth $ 1.29, theme park capital Orlando, Florida, is the best value at £75.25, ahead of New York City at £105.13.
Despite nearly 10 percent price drops, Abu Dhabi and the Seychelles remain the most expensive tourist destinations at £152.11 and £165.10 respectively, mainly due to the sky-high cost of food and drink.
Nick Boden, of Post Office Travel Money, said: “Holidaymakers will have plenty of choice in the coming year, provided sterling holds its value.
“Holidaymakers should do their homework on resort prices before booking, to be sure of the best deal.”
Meanwhile, Chile, Japan, Poland and Tobago are set to be among our favourite spots this year as orders for their currencies surge, the Post Office reveals.
COMMENT BY NIGEL THOMPSON
This surge in sterling is something for British holidaymakers to celebrate in what is the travel industry’s peak booking period.
Nobody knows for sure what will happen to exchange rates after we leave the European Union on January 31.
So now may be a good time for millions of bargain break hunters to act now and nail down some getaway currency from their chosen providers.
And remember, you will always get the best currency deals before you travel.
Changing money at the airport is for people with more money than cents.
Nigel Thompson is Travel Editor