After collecting data from various tourist boards and comparing prices across 42 destinations, the Annual Holiday Money Report for 2020 has been published and the results are in. The world’s cheapest destinations, where you will get the most value for your money, have been named. Check them out below.

Bulgaria’s Sunny Beach Is The Cheapest Destination In The World

Witness The Wonders Of Turkey In Marmaris

Woman in the water in Turkey
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Tokyo Is Surprisingly Affordable In 2020

Woman on busy street in Tokyo
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Algarve, Portugal Is Paradise On Earth

People on a boat in Portugal
Flying the Nest

Most seasoned travelers rave about Portugal, and as it turns out, its southernmost region of Algarve has officially been ranked as one of 2020’s cheapest travel destinations. The region is known for its landscape of cliffsides containing hotels, bars, and villas overlooking the central coast.

The climate is one of the most enticing aspects of Algarve, where there is almost constant sun. With fewer crowds than other summer destinations in Europe, this inexpensive jewel is slightly off the beaten path and well worth visiting.

Algarve is blessed with a stunning natural landscape and is ideal for exploring. There are countless hidden coastal caves and untouched patches of coastline that are waiting to be discovered. From car rentals to hotels, there are affordable options here for those on a budget.

Swap Barcelona For Costa Del Sol, Spain

While popular Spanish destinations, such as Barcelona, may be beautiful and full of world-renowned sights, they’re also crowded and expensive. Consider swapping Barcelona for the more affordable (and less busy) Costa del Sol in Andalusia, in the country’s south. The area is packed with pristine beaches, enchanting small towns and villages, and rural valleys. For those interested in witnessing the splendor of nature, be sure to check out the El Torcal nature reserve, which is home several collections of fascinating rock formations. Although there also high-end options are far as accommodation and dining choices go, Costa del Sol has been named one of the world’s cheapest travel destinations for 2020 and is perfect for those wishing to take in the wonders of Spain on a budget. NEXT: 10 Best Wineries To Visit In Spain