The weakening of the pound has pushed up tourist costs in long-haul destinations by an average of 25%, according to the latest figures from the Post Office.
The latest Long Haul Holiday Report, based on data from Travelbag and cross-referenced with figures provided by local tourist offices, found the cost of tourist items, including meals and drinks, have jumped by a quarter since the impact of the Brexit vote.
But in 40% of resorts and cities surveyed, local prices have fallen below 2015 levels to cushion the negative impact of the falling pound.
Cape Town has emerged as the cheapest of 34 resorts and cities surveyed, replacing Bali which had been heralded the cheapest for the last three years.
At £48.89 for a ‘basket’ of 10 tourist items, the South African city was significantly cheaper than Bali (£62.56), where the cost of eating out has risen by over 50% in the past 12 months.
Just behind it in third place is Tokyo (£63.87), which has seen an 8% fall in local prices, cushioning the effect of a 24% surge in the yen’s value against sterling.
Andrew Brown of Post Office Travel Money said: "Costs may be higher in long haul holiday resorts this year for UK travellers but the good news is that local price cuts in many of the most popular ones will help to lessen the impact of the weaker pound."
