10 holiday destinations that are a good deal

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Dragon Boat Race at the Hong Kong Dragon Boat Carnival, July 05, 2015, in Hong Kong. (AP Images for Hong Kong Tourism Board)

If you need some inspiration for picking a destination for a good deal on a vacation this upcoming holiday season, hard data from travel website users can point you in the right direction. By looking at the drop in median airfares this season from last, the KAYAK Holiday Travel Hacker says Hong Kong is the place to go. Fares to Hong Kong saw a 29-percent decrease compared to last holiday season. Taipei in Taiwan was next with Rio de Janeiro rounding out the Top 3.

"Due to pretty warm weather the entire year, [Hong Kong] is a great getaway for those wanting refuge from the cold for the holidays," said Evita Robinson, the founder of Nomadness Travel Tribe. "Also, once December hits there's a low season going into major American holidays, until the end of January. Great time to get in without it completely splitting the wallet in half."

The highest-ranking U.S. destination on the list is Chicago at No. 4. Cleveland is the only other American city on the list:

1. Hong Kong
2. Taipei, Taiwan
3. Rio de Janeiro, Brazil
4. Chicago
5. Tokyo, Japan
6. Bangkok, Thailand
7. Manila, Philippines
8. Belize City, Belize
9. Cleveland
10. Bogota, Colombia

"KAYAK has the information those longing for a holiday getaway need, as we've crunched the numbers to see which destinations offer the greatest savings compared to last holiday season," said David Solomito, North America brand director for KAYAK. "Our Holiday Escapes list features 10 diverse cities across the globe -- from Asia to South America to right here in the U.S. -- where savvy travelers can score a deal.

For this study, KAYAK looked at airfares around Thanksgiving, Christmas and New Year's Eve. The site has tools such as Price Forecast and Price Alerts that help travelers find good deals with information about price increases and decreases and the best time to book. For example, Price Forecast will recommend if you should book your flight right away or actually wait for a better deal.