If you’ve ever wondered how long you can get away with the $5000 you have handy in your bank account then new research from RateCity.com.au holds the answers.
New research from the Australian Bureau of Statistics shows more Australians are now travelling overseas on holidays, with short-term departures up 4.6 per cent in the past year compared with the previous 12 months.
Looking at 11 of Australia’s favourite destinations RateCity.com.au has ranked the cities in order of bang for your buck, with Bangkok coming out on top.
A couple flying from Sydney to the Thai capital could stay a total of 15 nights calculated on an average four star accommodation price and $100 spending money a day with flights included.
Bali came in at a close second with a couple being able to stay for a 14 night getaway in paradise all for under $5000.
Delhi and Singapore took out third and fourth position with 13 nights and 11 nights respectively.
“Australians love to travel but we also love a bargain. While Bangkok and Bali are known for their affordability our research revealed that other close neighbours such as Delhi and Singapore offer enticing prices for couples on a budget,” said Sally Tindall, money editor at RateCity.com.au.
London and New York may be ever popular with Aussie travellers but both were included in the bottom three destinations with $5000 buying a couple only 5 nights in both cities.
It was Cancun however that proved to be the least affordable holiday destination for Australians with $5000 buying a mere 4 nights in the luxury resort town.
“The most important factors in booking a cost effective holiday are planning well in advance and avoiding peak seasons when flights and accommodation can become very costly,” she added.
Organising your travel money from home is a great money saving tip.
By exchanging some cash before you leave you can avoid extra ATM withdrawals that can cost up to $5 AUD in fees plus an up to 3 per cent currency conversion fee.
Last year Aussies paid an estimated $535 million in currency conversion fees overseas.
To avoid adding to this figure always travel with an appropriate credit, debit or travel money card that is designed for overseas use.
With some cards on the market charging conversion fees as low as 0 per cent there’s no excuse for not saving your money for more important travel needs.”
Subscribe & don’t miss a single episode of michael yardney’s podcast
Hear Michael & a select panel of guest experts discuss property investment, success & money related topics. Subscribe now, whether you're on an Apple or Android handset.
Need help listening to michael yardney’s podcast from your phone or tablet?
We have created easy to follow instructions for you whether you're on iPhone / iPad or an Android device.
Prefer to subscribe via email?
Join Michael Yardney's inner circle of daily subscribers and get into the head of Australia's best property investment advisor and a wide team of leading property researchers and commentators.