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Turkey now more expensive to visit than Spain
January 21st, 2010 by elisa

Holidaymakers to Turkey face paying more for tourist items, despite normally being seen as a value destination outside the eurozone. While the Turkish lira has weakened by more than seven per cent against sterling in the past year, a new Post Office Worldwide Holiday Costs Barometer reveals a price lift of almost 44% for meals, drinks and other holiday items. Spain emerges as the cheapest eurozone destination – placed fourth overall in the Barometer and showing a price fall of 30% for the same items surveyed a year ago.

Overall, tourist costs are down in 17 of the 25 destinations previously surveyed, with some of the biggest falls in Bulgaria, Mexico, Mauritius and Barbados.

Jamaica, Egypt and Dubai top the list of destinations where holidaymakers are financially best off thanks to a strengthening of the pound over the past year. Tourists will receive over 21% more Jamaican dollars, almost 14% more Egyptian pounds and 12.6% more UAE dirhams compared to January 2009, according to the annual Post Office Travel Services Holiday Money Report.

Post Office head of travel money Sarah Munro said: “Judging by the price rises recorded in our latest cost comparison survey, Turkey is unlikely to be the cheap destination that it was just a couple of years ago when the Post Office barometer identified the country as a best buy.

“For 2010 our shopping basket of eight tourist staples indicates that Turkey is now 68% more expensive than Spain.

“The eurozone looks to be striking back after the battering its resorts took in 2009 when Post Office euro sales were down over 14%.

“This meant that although the euro remained our bestselling currency by far, accounting for a dominant 72.2% of our travel money business, its share reduced by over two per cent compared with 2008.

“However, the Post Office Worldwide Holidays Costs Barometer research has revealed an underlying reduction in eurozone prices and, when you add the improved exchange rate to this, the outlook looks relatively sunny for UK holidaymakers.”


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