Penang Named 11th Cheapest Travel Spot In The World, Says UK Study

Nice lah!
For years, Malaysia has been featured in multiple international lists thanks to its delicious food, rich culture, and breathtaking scenery.

This time around, it was Penang’s turn to shine on the global stage after it was named the 11th cheapest travel spot in the world by Post Office, the biggest retailer in the UK!

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Penang love lane
Photo by WeirdKaya

Penang named 11th cheapest travel spot in the world

According to the 2024 edition of Holiday Money Report, Penang was found to be the 11th best-value destination in the study and the 4th best-value in Asia. 

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This achievement is significant as it meant Penang had successfully made its way into the list after it failed to do so last year.

Trishaw at penang armenian street
Photo by WeirdKaya

Another Southeast Asian country which witnessed a vast improvement was Vietnam, climbing five ranks to the #1 spot, making it “one of only eight destinations to combine lower local prices with falling currency values”.

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Here’s a list of the countries which made it to the Top 15:

  1. Hoi An, Vietnam
  2. Cape Town, South Africa 
  3. Mombasa, Kenya
  4. Tokyo, Japan
  5. Algarve, Portugal
  6. Sharm el-Sheikh, Egypt
  7. Sunny Beach, Bulgaria
  8. Kuta, Bali
  9. Marmaris, Turkey
  10. Paphos, Cyprus
  11. Penang, Malaysia
  12. Phuket, Thailand
  13. Delhi, India
  14. Costa del Sol, Spain
  15. Montego Bay, Jamaica

How much does it cost to travel in Penang?

In order to find out which travel destination offers the best value for money, the Holiday Money Report includes the Worldwide Holiday Costs Barometer, where it measures the costs of eight individual items at 40 resorts and cities across the globe.

The eight items measured are coffee, beer, cola, wine, water, sunscreen, insect repellant and a 3-course meal.

Hawker stalls at lebuh presgrave, penang
Photo by WeirdKaya

So how did Penang perform in this aspect? Here was what the study found:

  • Cup of filter coffee – GBP2.32 (RM13.84)
  • Bottle of local beer/lager – GBP3.39 (RM20.22)
  • Bottle/can of Coca-Cola/Pepsi – GBP1.70 (RM10.14)
  • A glass of wine – GBP4.47 (RM26.66)
  • 1.5l bottle of mineral water – GBP0.25 (RM1.49)
  • Suncream – GBP8.49 (RM50.65)
  • Insect repellant – GBP3.30 (RM19.68)
  • 3-course evening meal for 2 – GBP50.65 (RM302.19)

All in all, it would cost a tourist approximately GBP74.57 (RM444.93) to travel in the Pearl of the Orient.

What do you think of Penang’s ranking in the study? Share with us in the comments!

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Read more stories of M’sia being featured in global lists here:

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