For almost two years the pandemic made foreign travel nigh on impossible. But now, as Covid restrictions around the world are lifted, the annual summer getaway is back on the cards.
Spending on holiday bookings was up more than four and a half times in the first two months of the year, compared with the same time last year. Holiday travel accounted for 7pc of all credit card spending, up from just 2pc last year, according to lender NewDay.
But families’ spending power has been severely limited by the worst cost of living crisis for a generation. Bigger energy bills, harsher taxes and the highest levels of inflation for thirty years have squeezed incomes and pushed up prices not just at home, but around the world.
So which of the most popular tourist destinations offer the best value for money today? Telegraph Money has analysed the figures, looking at the cost of flights, hotel stays food and entertainment in the most-loved holiday spots.
Trips to Turkey are particularly good value today, mainly because the country’s currency, the lira, has fallen to its lowest levels on record against the pound. At present, one pound is worth more than 19 lira. In July 2020, the exchange rate was one to eight. The country, already gripped by a financial crisis and also heavily dependent on wheat and energy imports from Ukraine and Russia, has been hit hard by the war.