Travel firm reports spike in Turkey and Egypt bookings due to exchange rates

UK holidaymakers are flocking to Turkey and Egypt to take advantage of favourable currency exchange rates, according to a travel company.

On the Beach said the number of bookings it has received for summer trips to those destinations is more than double the level from 2019, before the coronavirus pandemic.

It partly attributed this to the fall in the value of the Turkish lira and Egyptian pound against sterling over that period.

The number of lira that can be bought for a UK pound has quadrupled from around eight in 2019 to 34 right now.

Holidaymakers visiting Egypt are receiving approximately twice as much local currency for sterling than they were before the virus crisis.