Egypt’s Red Sea resorts are the cost effective choice for UK holidaymakers, says new analysis
The IndependentSign up to Simon Calder’s free travel email for expert advice and money-saving discounts Get Simon Calder’s Travel email Get Simon Calder’s Travel email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Sharm el-Sheikh and other Red Sea holiday resorts in Egypt could be a cost-effective choice for UK travellers looking to travel abroad in 2023 due to sharp falls in the value of the Egyptian pound, according to new analysis. Post Office Travel Monday found the gains that sterling has made against the Egyptian pound over the past year equate to travellers pocketing around £210 extra on a £500 currency transaction. A destination like Sharm el-Sheikh may prove cheaper because of the Egyptian pound's steep fall in value against sterling.” While the region offers beach resorts and warm year-round weather at reasonable prices, its tourism industry has also suffered from the fallout of a number of terrorist attacks. And in 2017, two German tourists were stabbed to death and at least four others injured at a hotel beach in the popular Red Sea resort of Hurghada in Egypt.
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Red Sea resorts may be cost-effective choice for UK holidaymakers
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