Croatia, Barbados and Jamaica are set to be the foreign destinations of choice for UK holidaymakers in 2022, according to currency sales
- The Post Office is seeing ‘pent-up demand’ among British holidaymakers for travel abroad this year
- Its latest travel money index showed sales growth in a range of currencies in the first three months of 2022
- Purchases of the Croatian kuna are up by 137% during the first quarter compared with two years earlier
Some holidaymakers appear to be planning the trip of a lifetime amid a surge in currency sales, according to the Post Office.
It’s seeing signs of ‘pent-up demand’, potentially reflecting people gearing up to travel abroad for the first time since the start of the coronavirus pandemic.
Its latest travel money holiday index showed sales growth in a range of currencies in the first three months of 2022 compared with the first quarter of 2020. Strong growth in purchases of currencies for Croatia and the Caribbean islands suggests these are set to be the destinations of choice, the Post Office said.
Strong growth in purchases of currencies for Croatia and the Caribbean islands suggests these are set to be the destinations of choice, the Post Office said. Pictured is Hvar in Croatia
Purchases of the Croatian kuna are up by 137 per cent. Table courtesy of the Post Office
It said sales for most currencies have been accelerating since the start of the year, with purchases of the Croatian kuna up by 137 per cent during the first quarter of this year compared with two years earlier.
Caribbean currencies have also seen high levels of growth – most notably the Barbados dollar and Jamaican dollar, the Post Office said.
Big rises have also been charted by the Mexican peso and East Caribbean dollar.
Nick Boden, Post Office head of travel money, said: ‘We are used to seeing a spring surge in sales of the Croatian kuna, but the rise in March was unprecedented, indicating that Croatia is set to have another highly successful year.
‘We have also seen an extraordinary rise in sales of Caribbean and Central American currencies in 2022. It suggests that pent-up demand is resulting in many Britons planning holidays of a lifetime to some of the world’s most aspirational destinations.’
In addition to measuring exchange rate movements and foreign currency sales trends, the Post Office index also reported on the cost of meals and drinks in destinations whose currency sales have grown most over the past two years and found a wide disparity of costs.
Prices in Marmaris, Turkey, are far lower than in any other destination because of the weak lira, with the other 10 resorts surveyed varying dramatically in price.
This table by the Post Office shows how the cost of meals and drinks varies across 11 top destinations, with Marmaris in Turkey the cheapest and Bridgetown in Barbados the most expensive
The cost of a three-course meal for two with a bottle of wine and a range of four drinks is £133.70 in Barbados (pictured), compared to £55 in Orlando
Prices have fallen by 13 per cent since 2020 in Orlando, Florida, and the £55.62 cost of a three-course meal for two with a bottle of wine and a range of four drinks (coffee, beer, cola and wine) is less than half the price than it is in Barbados (£133.70).
Mr Boden added: ‘Holidaymakers who are still considering where to book should take resort costs into account because our research found big variations in the cost of meals and drinks.
‘Turkey is cheapest by far but, across the Atlantic, price falls in Orlando make it an attractive choice – especially for families – and summer sun bargain hunters are likely to find Costa Rica and Jamaica the best value at less than half the cost of Barbados. Travelling east, Mauritius also looks great value.’
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