Czechs are mass-buying Turkey vacations amid pound crash

Turkey’s year-on-year inflation hit a 19-year high in 2021, increasing 36.08%. Seeing the economic developments in the country, Czech tourists are now flocking to buy vacations in the Mediterranean state.

Kateřina Pavlíková, spokesperson for one of Czechia’s largest travel agencies, Čedok, told Czech TV that travel deals are in high demand.

“Before Christmas, we offered a special Advent trip, which combined sightseeing and shopping at local markets. He was completely exhausted.

It is not only Anatolia, but also Istanbul that is the target of Czech tourists. Spokesman for Čedok CK Fischer competitor Jan Bezděk told Czech TV that sales were 30% above pre-pandemic rates.

“Turkey is currently the number one destination for the 2022 summer vacation. It has even overtaken Greece, the long-term holder of the first place. “

A low pound means that Czech tourists will mostly save money on services and when shopping outside of their resorts. According to Czech TV, this includes things like renting boats, paying for sun loungers, or entering water parks. Some of the corresponding prices have fallen by a fifth compared to 2020. However, hotels and plane tickets still have to be paid in euros.

Flights from Prague to Istanbul are currently offered by Turkish Airlines and low cost airline Pegasus. However, the increase in interest means that from May, Czechs will also be able to fly directly from the Czech capital to Antalya airport located in the south of the Turkish mainland.

As the Turkish Lira falls, the Czech Koruna strengthens, reaching CZK 24.9 per euro at the end of 2021.

Most foreign experts attribute Turkey’s current currency crisis to the policies formulated by the country’s president, Recep Tayyip Erdoğan. Some warn that inflation could reach 50% by March if rates are not immediately and aggressively raised. However, the Turkish president insists that the country’s currency crisis is largely under control and urged the Turks to keep all their savings in lire.

Berta D. Wells