Lira decline makes Turkey top summer holiday destination

Guest Contributor

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Turkey is looming as one of the great summer bargain destinations for UK holidaymakers following a 14% rise in the value of Sterling against the Turkish lira. 


According to a survey by Post Office Travel Money, the rise in Sterling means prices in the Turkish resort town of Marmaris are now cheaper than they were a year ago.

Explaining the change in fortunes, Andrew Brown of Post Office Travel Money said: “At the beginning of the year the Turkish lira was the only European currency that was stronger than sterling. Now the position has reversed and the pound has powered ahead and gained over 17 per cent in value against the lira since January.

“What’s more, there is mounting speculation from tour operators that after struggling for business in the early months of the year, prices could be set to fall in Turkey. If so, Turkey could be the destination to watch and resorts like Marmaris could emerge as great value choices for families this summer.”

However, at £62.60 for the Post Office holiday basket of eight family travel essentials including meals and drinks, Paphos in Cyprus emerges as the best bet for a bargain break in the Eastern Med³ – 12.4 per cent lower than a year ago and over 16 per cent cheaper than in Marmaris (£75.20).

Marmaris is no longer the most expensive option in the eastern Med though. That honour goes to Corfu (£75.46), even though the Greek resort registered the biggest price fall of 14.6 per cent this year. Families who travel to Crete (£63.94) will find the island over 15 per cent cheaper than Corfu. A snack lunch and dinner for a family of four were cheapest of all on Crete, narrowly beating Paphos on the cost of eating out.
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