The hard financial times that we are living are good enough reason for you to be overly concerned and miss another great holiday? Even though there are signs that the global economy is recovering, you still don’t feel like they are enough to justify taking a major vacation. However, it all depends on where you live. Not everyone is recovering from the criss, making now the ideal time for those who are to visit some traditionally expensive or even off-limits countries that have now become the lowest price travel destinations. While there may be other more affordable destinations overall, these are the best values in travel at the moment.
According to Catherine Banks, Vice President at the Legacy Travel agency, advance bookings to Mexico are their strongest in over a decade. “Cost structure is different than most other places”, she says. This means that Mexico is inherently cheap. Add the negative publicity of widespread drug violence and a weak European economy, and you can understand why Mexico has become one of the cheapest holiday destinations. Besides the prices, there is also the advantage of more beach space per traveler. Not to mention that in Cancun and Riviera Maya there are actually more five-star resorts than the Caribbean and Hawaii combined, but the price isn’t close to the same.
The political unrest and flooding of 2011 has led to Thailand losing much of its tourism. Now, this country is eager to regain it and is therefore closing itself out at rock-bottom prices. According to Tony Cardoza, President of Cardoza-Bungey Travel, “summer shoulder season – the narrow window between the low and high seasons – seems to be slower than usual; as a result, we see very good four- and five-star hotels and resorts offering deals”. This means that accommodation at the lower ends is even cheaper.
The Republic of the Union of Myanmar could have picked a more profitable time in world economic history to open itself to outsiders, but its delayed departure from despotism is the tourist’s gain. “Burma today is similar to Southeast Asia of 20 years ago”, says Steven Larkin, President of Intrepid Travel, North America. However, the plan going forward may be to go a higher-end route in the development of tourism than in neighboring Thailand. This means that now is the perfect time for a cheap, ethical trip, before even the first Starbucks moves in.
The Arab Spring of 2012 – the revolutionary wave of protests, demonstrations and civil wars in the Arab word – has driven down demand and prices right along with it. According to a spokesperson, “most vacationers appear to prefer traveling to Turkey and other destinations that haven’t seen as much civil unrest”. That preference has made Egypt a buyer’s market. The decreased demand has led to another great advantage: smaller crowds. “Clients going now have been able to get pictures of themselves in front of the pyramids with no other tourists blocking the view”, added the spokesperson.
All of the economic turmoil in Greece has weakened tourist demand and, in turn, prices. However, it’s uncertainty about the future that has really led to travel costs going down. At the moment, many tourists are betting that already low rates will drop further, which will lead to Greece falling out of the euro, so they are delaying any plans to come here. This drop in demand will depress prices even more in the meantime, making Greece one of the cheapest holiday destinations you can choose.
These are the lowest price travel destinations at the moment. If you want to go on vacation but are on a budget, make sure you do a little research and find the best travel offers in these countries, so you will be able to enjoy an amazing holiday at an amazing price.