Turkey vacation is becoming more expensive: waiting for money relief remains in vain!

Turkey vacation is becoming more expensive: waiting for money relief remains in vain!

Türkei - Vacation in Turkey becomes more expensive, and the trend towards the price increase is expected to stop. According to a report by Derwesten.de In April, however, it fell to 37.9 %, which, however Represent 38.1 % in March. Despite this easy relaxation, the price level remains high. Tourists have to expect significantly higher expenses for accommodation and meals.

The Turkish lira has lost a lot of value compared to the US dollar, which is partly due to political turbulence, such as the arrest of the Mayor of Istanbul Ekrem Imamoglu. This has led to the increase in imported goods and thus further increased the costs in Germany. In April, prices in hotels, cafes and Restaurants rose by almost 42 % compared to the previous year. Food and non -alcoholic drinks were 36 % more expensive, while housing costs in Turkey have even risen by 74 % since April 2024.

response to inflation

In order to counter inflation, the Turkish central bank has increased the key interest rate from 42.5 % to 46.0 %. This testifies to the endeavor to promote long -term stabilization of currency policy. However, short -term relief for tourists are not in sight. The head of the Turkish central bank warns of further inflation risks and has formulated the goal of achieving an annual inflation of 24 % by the end of 2025

Despite these challenges, Turkey remains a popular destination for travelers. Especially on the Aegean and the Riviera, the holidaymaker is attracting the region and, in addition to long sandy beaches, also offers excellent bathing conditions. The tourism industry has to deal with high prices, but the bookings from Germany remain at a high level, such as an analysis of Reisereeporter.de

price development for 2024

For 2024, another increase in the inflation rate in Turkey is forecast, which could again lead to higher prices in hotels and restaurants. The average price for hotel rooms is already 138 euros in Istanbul and 110 euros in Antalya, which is more than 37.4 % more than in 2022. Despite these price increases, German holidaymakers are ready to travel: they tend to save more during their vacation instead of avoiding it.

Currency development offers advantages from travelers from euro countries because their currency gains purchasing power. Bargains are particularly possible on individual trips, while package tours often keep high prices. In response to the market development, tour operators are calling for new offers, such as cheaper "basic packages" instead of all-inclusive variants. Russian tour operators have already announced such offers without alcohol, which could reduce costs by 7-9 %.