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Both the Maldives and Bora Bora are expensive luxury destinations. In general, it will be easier to spend less on a trip to The Maldives. In the Maldives, 3-star accommodations are available that are highly rated, while in Bora Bora there are very few hotels or resorts that are not 5-star luxury resorts.
Bora Bora is considered expensive due to a few key reasons. Its remote location in the South Pacific means that the cost of flights is high. The island is also known for its luxury resorts and overwater bungalows, which are costly.
To properly experience Bora Bora, three days (four nights if arriving late) should be enough. The island is small and there isn't all that much to see. If you're after a pampering luxury holiday of sipping cocktails on the deck of your overwater bungalow, you could probably spend a week (if you can afford that).
The best times to go to Bora Bora are November and April. These short shoulder seasons offer fine weather with temperatures in the mid-70s to mid-80s. High season runs from May to October when rain showers are isolated and the number of tourists swells.
Why it is a great alternative to Bali: Lombok has a very similar vibe to Bali, especially on the Gili Islands. Also, some of the beaches in Lombok are more pristine and beautiful than Bali. Furthermore, Lombok is relatively cheaper to visit.
All things considered, it's cheapest to fly to Bali and book a hotel or resort room in mid-January-February, April, and October-November. Avoiding the holiday crowds in December and early January, March, and the height of peak season (July-August) means cheaper rates for a Bali visit.
June is the hottest month in Bora Bora with an average temperature of 29°C (84°F) and the coldest is January at 17°C (63°F) with the most daily sunshine hours at 8 in September. The wettest month is August with an average of 265mm of rain.
As an Asian country with a range of budget options, Bali is much more affordable than Fiji. If you want to save money it is easy to do in Bali. If you are comparing a similar experience (say Western-style 4-star resorts, with Kids club, and resort-style food) then the prices are quite similar.
Couples that want to feel more civilization, and society, will prefer Bora Bora, whereas couples who enjoy feeling totally 'off the map' and like they have an island to themselves, will love the Maldives. The main takeaway: Bora Bora resorts will feel more resort-ey and much bigger than the resorts in the Maldives.