Holidays in Turkey have become cheaper for British holidaymakers, with the Turkish lira falling in value by around 40% against the pound.
Up until two weeks ago £1 was worth roughly five or six lira, but this has now risen to eight. For travellers, that means that everything from a hotel stay to an ice cream should feel a lot cheaper because you are converting pounds to lira.
It probably won’t feel the full 40% cheaper. Rising inflation is likely to lead to prices for things increasing, but your pound will certainly last longer and buy more.
Best and worst travel package holiday providers – find out who customers rated best
Will package holidays to Turkey be cheaper?
Not immediately. Package holiday providers such as Tui and Thomas Cook will have agreed prices with the hotels they use some time in advance, so won’t be dropping the prices of their Turkey holiday packages as a result of the falling lira.
However, package holidays to Turkey were already very cheap because of the low cost of the lira and the fact that fewer holidaymakers were travelling to the country in recent years. The UK’s hot weather has also meant holidaymakers have chosen to stay at home this summer, leading to package holiday travel agents selling off their holidays.
So while the liras fall won’t immediately lead to holiday prices being slashed, they were already very cheap.
Which travel agent should I book my Turkey holiday with?
A survey of more than 5,000 Which? members revealed that Tui, First choice and Thomas Cook were the package holiday providers to avoid this summer. All three had mediocre ratings from their customers, especially on value for money.
One of the best rated travel agents for a cheap break to Turkey was Jet2 Holidays. It was one of only three package holiday providers to be awarded five stars for both value for money and customer service. It also had one of the lowest average costs for its holidays.
Read our full table of the best and worst package holiday providers to find out how Jet2 customers rated their accommodation and who the other top rated travel agents are.
Is Turkey safe?
Apart from the border with Syria and Iraq, which are hundreds of miles from resorts such as Bodrum and Antalya, the Foreign and Commonwealth Office has no warnings on travel to Turkey.