Santorini, Greece

Santorini's dramatic caldera, formed 3,600 years ago, provides the world's most iconic sunset views, attracting 2 million visitors annually—40% more than the average Greek island. Its volcanic soil yields 12 award-winning wine varieties, a feature unmatched by any other destination on this list. Accommodation costs average $250 per night, which is cheaper than the typical $500 in Bora Bora, making it a more budget-friendly option for travelers seeking luxury without the premium price tag of #4.