The holiday hotspots savvy Brits are flocking to to save cash this summer

Frugal British holidaymakers are flocking to Turkey and Egypt to take advantage of fantastic exchange rates, experts say.

Travel company On the Beach says bookings in both countries are double what they were before the pandemic.

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The Turkish lira and Egyptian pound have both fallen against the British pound recently.

A pound would cost eight lire in 2019 but is now worth 34.

In Egypt, one British pound buys 39 of the local currency, compared to 21 before Corona.

According to On the Beach, there will be an additional 1.2 million seats on flights from the UK to Turkey this year.

The Canary Islands and the Spanish mainland are still the frontrunners in terms of bookings.

Zoe Harris of On the Beach said: “Spain saw a slight drop in bookings last year.

“This year, however, it’s back with a significant increase in bookings compared to 2019.

“The destinations to watch out for are Turkey and Egypt.

“They are climbing the ranks at a rapid pace.

“We expect these two destinations to continue to rise over the next year and fight for the top spot in the Canary Islands.”