Budapest is one of the cheapest cities in the world for an Airbnb holiday
With the cost of living rising around the world, many people are making cutbacks in many areas of their lives, including their holidays. But which cities offer the cheapest prices for food and accommodation, and where can people get more for less?
New research from CIA Landlords Insurance has looked into the average cost of groceries and Airbnbs in OECD capital cities to reveal the true cost of a self-catering holiday around the world.
The table below shows the cheapest 10 cities around the world for an Airbnb holiday:
|
Index |
Country |
Capital city |
The total cost of a food shop (EUR) |
Average price of an Airbnb for 1 week (EUR) |
|
1 |
Colombia |
Bogota |
17 |
234.96 |
|
2 |
Turkey |
Ankara |
18.05 |
248 |
|
3 |
Lisbon |
Portugal |
19.76 |
789.71 |
|
4 |
Poland |
Warsaw |
20.54 |
456.86 |
|
5 |
Madrid |
Spain |
21.31 |
848.45 |
|
6 |
Riga |
Latvia |
22.82 |
398.12 |
|
7 |
Tallinn |
Estonia |
22.85 |
496.01 |
|
8 |
Ljubljana |
Slovenia |
23,77 |
659.19 |
|
9 |
Bratislava |
Slovakia |
23.86 |
456.86 |
|
10 |
Budapest |
Hungary |
23.95 |
476.44 |
Some other findings that may be of interest:
-
Bern, Switzerland, is the most expensive international city for groceries, costing EUR 48.46
-
The most expensive city for an Airbnb is Washington D.C., where an Airbnb for a week here costs EUR 1213.94
Here are the cities where you can get to cheaper by train than by plane from Budapest, details HERE.
Interesting how Hungary comes out of this comparison with the highest cost of food of the 10 cities. It’s terrible. I found restaurant prices to be high and unfortunately the quality has not as good as it used to be. After being shocked by much higher prices tourists will take their time before considering another visit. It’s going to affect the tourists who have been coming on a regular basis. Some of them are going to decide to try some other destination for a change because any kind of value proposition is completely gone.