If you are looking for a bargain, Singapore travellers need not travel far.
According to an annual trip comparison study, TripIndex Cities revealed that five of the best value destinations for holiday-makers to visit are right here in South-east Asia.
Hanoi is the most affordable city to visit, costing an average of $973 for a three-night stay for two people including meals, tour activities, transportation and hotel room, excluding flights. Among the 10 cities listed in the study, Hanoi also had the lowest hotel room rates.
Bangkok, Mumbai, Kuala Lumpur and Manila also made the top 10 best-value list by taking fourth, fifth, seventh and ninth spots respectively.
If flight costs are not a concern, Singapore travellers can consider heading to Europe for an affordable holiday.
Coming in just behind Hanoi, the Polish capital of Warsaw is the second most affordable tourist spot at $982 for the same three-night stay package. It also had the lowest prices for a day of tours and activities for two people at $63.
Lisbon and Berlin cost $1,204 and $1,236 for a three-night holiday break, putting them in sixth and tenth places respectively in the list.
When it comes to dining, the most affordable city to have lunch at is in Sharm el Sheikh in Egypt, which came in third in the ranking, at $19, while travellers can enjoy the best value dinner with wine at $41 in Manila.
Surprisingly, the study showed the cheapest place to get a taxi ride is in Punta Cana in the Caribbean - the fifth most expensive city, according to the study. For the same three-night stay package, Singapore travellers can expect to pay $2,398.
Topping the priciest destinations ranking is Cancun - a popular beach holiday spot for tourists in Mexico. The city has also the costliest tours and activities that cost over $200, and hotel room rates that cost nearly $500.
Asian cities Tokyo and Singapore also made it into the top 10 list.
Tokyo was named seventh place and Singapore took tenth spot. A three-night holiday costs $2,113 in Tokyo and $2,003 in Singapore.
Between the two cities, dining out appears to be more expensive in Singapore but hotel rates are cheaper in Tokyo.