When looking for affordable luxury holidays, it’s worth seeking out destinations where your dollar goes the distance. South East Asia is a prime example. Countries like Thailand, Vietnam, Malaysia, Indonesia and the Philippines offer incredible value for money.
You only have to take a quick glance at the prices of resorts in Phuket, Thailand, to know that you’re going to get far more for your money there, than for a week in the Amalfi coast in Italy. An 8-night package deal at a 5-star resort in Phuket, including flights, can cost as little as AUD$1650 a person. Many 5-star hotels on the Amalfi Coast would charge that for a single night’s accommodation.
Of course, the proximity of South East Asian destinations to Australia also helps make it more cost effective. The direct flight routes and array of airline options means it’s far cheaper than travelling to Europe. Plus, sightseeing and eating out is inexpensive. For other affordable destinations, see our blog here.
If you’ve still got your heart set on a luxe European holiday, but your budget doesn’t extend to the Amalfi seaside, there are alternatives. Eastern European destinations like Bulgaria, and Romania have a lot to offer and will give you that European charm at a lower price point.
In the Bulgarian capital Sofia, a 5-star hotel in the heart of the city, near the stunning Alexander Nevsky Cathedral and National Palace of Culture, starts at around AUD$177 a night. If venturing on to the Bulgarian Black Sea Coast, a 5-night stay in 5-star resort, including all meals and beverages, will set you back just AUD$1139 per room. Suddenly that high-end European holiday isn’t so out of reach.
Another smart strategy is to keep your eye on the Aussie dollar. When the Aussie dollar is strong – or other currencies are weaker – you’re going to get more for your dollar at your destination. For example, the AUD recently reached a record high against the Japanese Yen, which means that your budget will currently stretch further in Japan. To see how exchange rate fluctuations can impact your holiday planning, see our Japan holiday budget breakdown here.
Likewise, if you’re keen to travel to more expensive destinations like the US or UK where the Aussie dollar is typically weaker, it’s worth monitoring the forex market. Even relatively minor fluctuations can make a difference. If you’re smart about when you travel – and when you buy your currency – that luxury holiday can become slightly more affordable.